Cerity Partners LLC Buys 24,857 Shares of Gentherm Inc (NASDAQ:THRM)

Cerity Partners LLC boosted its holdings in Gentherm Inc (NASDAQ:THRM) by 89.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,505 shares of the auto parts company’s stock after purchasing an additional 24,857 shares during the period. Cerity Partners LLC owned approximately 0.17% of Gentherm worth $1,404,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Signaturefd LLC raised its stake in shares of Gentherm by 233.8% during the fourth quarter. Signaturefd LLC now owns 661 shares of the auto parts company’s stock valued at $26,000 after acquiring an additional 463 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of Gentherm during the first quarter valued at about $26,000. Versant Capital Management Inc bought a new position in shares of Gentherm during the first quarter valued at about $28,000. Quarry LP raised its stake in shares of 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 acquiring an additional 1,218 shares during the last quarter. Finally, Headlands Technologies LLC raised its stake in shares of Gentherm by 117.1% during the fourth quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company’s stock valued at $73,000 after acquiring an additional 991 shares during the last quarter. 97.13% of the stock is owned by institutional investors.

Gentherm Price Performance

Shares of THRM opened at $30.89 on Tuesday. The firm’s 50-day simple moving average is $28.50 and its two-hundred day simple moving average is $30.55. The stock has a market cap of $953.27 million, a PE ratio of 19.31 and a beta of 1.42. Gentherm Inc has a fifty-two week low of $22.75 and a fifty-two week high of $56.68. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.49 and a current ratio of 2.16.

Gentherm (NASDAQ:THRM) last issued its earnings results on Thursday, April 24th. The auto parts company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. The firm had revenue of $353.85 million for the quarter, compared to the consensus estimate of $347.39 million. Gentherm had a net margin of 3.44% and a return on equity of 10.81%. The business’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.62 earnings per share. Analysts anticipate that Gentherm Inc will post 3.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO William T. Presley acquired 3,000 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were bought at an average price of $24.67 per share, for a total transaction of $74,010.00. Following the completion of the transaction, the chief executive officer directly owned 161,103 shares in the company, valued at approximately $3,974,411.01. This trade represents a 1.90% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on THRM. Robert W. Baird upped their price objective on shares of Gentherm from $28.00 to $35.00 and gave the company an “outperform” rating in a research note on Friday, July 11th. Baird R W upgraded shares of Gentherm from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 11th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Gentherm has a consensus rating of “Buy” and a consensus target price 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.