Cerity Partners LLC Grows Stock Position in Gentherm Inc (NASDAQ:THRM)

Cerity Partners LLC boosted its stake in shares of Gentherm Inc (NASDAQ:THRM) by 89.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 52,505 shares of the auto parts company’s stock after buying 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 quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Linden Thomas Advisory Services LLC grew its position in shares of Gentherm by 17.0% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 17,258 shares of the auto parts company’s stock worth $461,000 after buying an additional 2,512 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Gentherm by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 154,679 shares of the auto parts company’s stock worth $4,136,000 after buying an additional 3,485 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Gentherm by 12.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,477 shares of the auto parts company’s stock worth $424,000 after buying an additional 1,676 shares in the last quarter. Diversified Trust Co bought a new position in shares of Gentherm during the 1st quarter worth $251,000. Finally, Oppenheimer Asset Management Inc. grew its position in shares of Gentherm by 10.2% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 19,616 shares of the auto parts company’s stock worth $525,000 after buying an additional 1,818 shares in the last quarter. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Gentherm Trading Up 1.2%

NASDAQ:THRM opened at $30.89 on Tuesday. The business’s 50-day moving average is $28.50 and its two-hundred day moving average is $30.55. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.16 and a quick ratio of 1.49. Gentherm Inc has a 12 month low of $22.75 and a 12 month high of $56.68. The firm has a market capitalization of $953.27 million, a PE ratio of 19.31 and a beta of 1.42.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.51 EPS 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 return on equity of 10.81% and a net margin of 3.44%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the firm earned $0.62 earnings per share. Research analysts predict that Gentherm Inc will post 3.1 earnings per share for the current fiscal year.

Insider Transactions at Gentherm

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

Wall Street Analysts Forecast Growth

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

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.