Gentherm Incorporated (NASDAQ:THRM) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lowered its position in shares of Gentherm Incorporated (NASDAQ:THRM) by 5.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,179 shares of the auto parts company’s stock after selling 808 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Gentherm were worth $606,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of THRM. Raymond James Financial Inc. acquired a new stake in shares of Gentherm during the 4th quarter worth approximately $15,400,000. HITE Hedge Asset Management LLC acquired a new stake in shares of Gentherm during the 4th quarter worth approximately $9,832,000. Segall Bryant & Hamill LLC raised its position in shares of Gentherm by 42.9% during the 4th quarter. Segall Bryant & Hamill LLC now owns 525,026 shares of the auto parts company’s stock worth $20,962,000 after purchasing an additional 157,544 shares during the period. Global Alpha Capital Management Ltd. raised its position in shares of Gentherm by 23.8% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 782,983 shares of the auto parts company’s stock worth $31,261,000 after purchasing an additional 150,310 shares during the period. Finally, Trigran Investments Inc. raised its position in shares of Gentherm by 7.3% during the 4th quarter. Trigran Investments Inc. now owns 1,990,938 shares of the auto parts company’s stock worth $79,488,000 after purchasing an additional 135,458 shares during the period. Institutional investors and hedge funds own 97.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Robert W. Baird increased their price target on Gentherm from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Friday, April 25th. StockNews.com cut Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. lowered their target price on Gentherm from $56.00 to $51.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th.

Gentherm Stock Up 0.2%

THRM opened at $28.00 on Friday. The stock’s 50 day moving average price is $26.84 and its 200 day moving average price is $34.98. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.38. The stock has a market cap of $864.08 million, a P/E ratio of 13.53 and a beta of 1.44. Gentherm Incorporated has a 12 month low of $22.75 and a 12 month high of $56.68.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $353.85 million during the quarter, compared to analyst estimates of $347.39 million. Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the company posted $0.62 EPS. As a group, research analysts predict that Gentherm Incorporated will post 3.1 earnings per share for the current year.

Insider Buying and Selling at Gentherm

In other news, CEO William T. Presley purchased 3,000 shares of the firm’s stock in a transaction on Friday, April 25th. The stock was purchased at an average cost of $24.67 per share, with a total value of $74,010.00. Following the purchase, the chief executive officer now owns 161,103 shares in the company, valued at $3,974,411.01. This trade represents a 1.90% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Gentherm 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.