Rhumbline Advisers Has $2.44 Million Holdings in Gentherm Incorporated (NASDAQ:THRM)

Rhumbline Advisers raised its position in Gentherm Incorporated (NASDAQ:THRM) by 0.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 91,414 shares of the auto parts company’s stock after acquiring an additional 656 shares during the period. Rhumbline Advisers owned about 0.30% of Gentherm worth $2,444,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Gentherm by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 3,667,551 shares of the auto parts company’s stock worth $146,427,000 after acquiring an additional 74,758 shares during the last quarter. Trigran Investments Inc. lifted its position in Gentherm by 7.3% in the 4th quarter. Trigran Investments Inc. now owns 1,990,938 shares of the auto parts company’s stock valued at $79,488,000 after acquiring an additional 135,458 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Gentherm by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,217,681 shares of the auto parts company’s stock valued at $48,616,000 after purchasing an additional 62,562 shares in the last quarter. Global Alpha Capital Management Ltd. lifted its position in 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 buying an additional 150,310 shares in the last quarter. Finally, Segall Bryant & Hamill LLC raised its position in Gentherm by 42.9% during the fourth quarter. Segall Bryant & Hamill LLC now owns 525,026 shares of the auto parts company’s stock worth $20,962,000 after acquiring an additional 157,544 shares in the last quarter. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Gentherm

In other Gentherm news, CEO William T. Presley acquired 3,000 shares of Gentherm stock in a transaction dated Friday, April 25th. The stock was purchased at an average cost of $24.67 per share, for a total transaction of $74,010.00. Following the completion of the acquisition, the chief executive officer now directly owns 161,103 shares of the company’s stock, valued at $3,974,411.01. This represents a 1.90% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

THRM has been the subject of several research analyst reports. Robert W. Baird lifted their target price on shares of Gentherm from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Friday, April 25th. Wall Street Zen cut Gentherm from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 26th.

Gentherm Stock Up 1.5%

Shares of NASDAQ THRM opened at $27.86 on Tuesday. The company has a 50 day simple moving average of $26.38 and a 200 day simple moving average of $32.49. The firm has a market cap of $859.76 million, a PE ratio of 13.46 and a beta of 1.42. Gentherm Incorporated has a 1 year low of $22.75 and a 1 year high of $56.68. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.38.

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

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.