Principal Financial Group Inc. Purchases 3,485 Shares of Gentherm Inc (NASDAQ:THRM)

Principal Financial Group Inc. raised its stake in Gentherm Inc (NASDAQ:THRM) by 2.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,679 shares of the auto parts company’s stock after acquiring an additional 3,485 shares during the period. Principal Financial Group Inc. owned approximately 0.50% of Gentherm worth $4,136,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Signaturefd LLC grew its holdings in shares of Gentherm by 233.8% during the fourth quarter. Signaturefd LLC now owns 661 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 463 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Gentherm in the first quarter valued at about $26,000. Versant Capital Management Inc bought a new position in shares of Gentherm during the 1st quarter worth approximately $28,000. Quarry LP grew its position in Gentherm by 226.8% during the fourth quarter. Quarry LP now owns 1,755 shares of the auto parts company’s stock valued at $70,000 after buying an additional 1,218 shares during the period. Finally, Headlands Technologies LLC increased its position in Gentherm by 117.1% in the fourth quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company’s stock worth $73,000 after buying an additional 991 shares during the last quarter. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Gentherm Stock Down 0.7%

Shares of NASDAQ THRM opened at $30.88 on Friday. The stock has a market capitalization of $952.96 million, a PE ratio of 19.30 and a beta of 1.42. The company has a current ratio of 2.16, a quick ratio of 1.49 and a debt-to-equity ratio of 0.41. The stock’s fifty day simple moving average is $28.37 and its two-hundred day simple moving average is $30.80. Gentherm Inc has a 12-month low of $22.75 and a 12-month high of $56.68.

Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Thursday, April 24th. The auto parts company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. Gentherm had a return on equity of 10.81% and a net margin of 3.44%. The business had revenue of $353.85 million during the quarter, compared to analyst estimates of $347.39 million. During the same quarter last year, the business posted $0.62 EPS. The company’s revenue was down .6% on a year-over-year basis. As a group, analysts expect that Gentherm Inc will post 3.1 EPS for the current fiscal year.

Insider Transactions at Gentherm

In other news, CEO William T. Presley acquired 3,000 shares of the company’s stock in a transaction on Friday, April 25th. The shares were bought at an average cost of $24.67 per share, with a total value of $74,010.00. Following the transaction, the chief executive officer owned 161,103 shares in the company, valued at approximately $3,974,411.01. This trade represents a 1.90% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Robert W. Baird lifted their target price on shares of Gentherm from $28.00 to $35.00 and gave the company an “outperform” rating in a research report on Friday, July 11th. Baird R W raised Gentherm from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 11th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $50.33.

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.