Gentherm Incorporated (NASDAQ:THRM) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. grew its stake in shares of Gentherm Incorporated (NASDAQ:THRM) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 151,194 shares of the auto parts company’s stock after purchasing an additional 2,751 shares during the quarter. Principal Financial Group Inc. owned 0.49% of Gentherm worth $6,036,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MQS Management LLC acquired a new stake in shares of Gentherm in the third quarter valued at approximately $240,000. Oppenheimer Asset Management Inc. lifted its holdings in Gentherm by 23.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 13,451 shares of the auto parts company’s stock worth $626,000 after purchasing an additional 2,516 shares during the last quarter. Zions Bancorporation N.A. boosted its stake in Gentherm by 18.3% during the 3rd quarter. Zions Bancorporation N.A. now owns 31,869 shares of the auto parts company’s stock valued at $1,484,000 after purchasing an additional 4,923 shares during the period. MeadowBrook Investment Advisors LLC lifted its stake in shares of Gentherm by 8.4% in the third quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock valued at $156,000 after buying an additional 260 shares during the period. Finally, Natixis Advisors LLC raised its stake in shares of Gentherm by 12.2% in the 3rd quarter. Natixis Advisors LLC now owns 15,938 shares of the auto parts company’s stock valued at $742,000 after buying an additional 1,729 shares in the last quarter. 97.13% of the stock is owned by hedge funds and other institutional investors.

Gentherm Stock Performance

Shares of NASDAQ THRM opened at $33.08 on Monday. The stock has a market capitalization of $1.02 billion, a PE ratio of 15.98 and a beta of 1.42. Gentherm Incorporated has a 52 week low of $30.25 and a 52 week high of $58.17. The stock has a 50 day moving average price of $37.74 and a 200 day moving average price of $42.21. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.38 and a current ratio of 2.01.

Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.39). The business had revenue of $352.91 million during the quarter, compared to analyst estimates of $360.29 million. Gentherm had a net margin of 4.46% and a return on equity of 11.43%. The business’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.90 earnings per share. Analysts predict that Gentherm Incorporated will post 3.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

THRM has been the subject of several analyst reports. StockNews.com downgraded shares of Gentherm from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. cut their target price on shares of Gentherm from $56.00 to $51.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Finally, Robert W. Baird reduced their price target on shares of Gentherm from $44.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, February 20th.

Insider Buying and Selling at Gentherm

In other news, SVP Thomas Stocker sold 1,295 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $42.98, for a total transaction of $55,659.10. Following the completion of the sale, the senior vice president now directly owns 13,413 shares in the company, valued at approximately $576,490.74. This represents a 8.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Hui (Helen) Xu sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $42.00, for a total transaction of $105,000.00. Following the sale, the senior vice president now directly owns 18,947 shares of the company’s stock, valued at approximately $795,774. This trade represents a 11.66 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.91% of the company’s stock.

Gentherm Company Profile

Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.