Quest Partners LLC Has $623,000 Position in Gentherm Incorporated (NASDAQ:THRM)

Quest Partners LLC raised its stake in Gentherm Incorporated (NASDAQ:THRM) by 116.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,627 shares of the auto parts company’s stock after buying an additional 6,802 shares during the quarter. Quest Partners LLC’s holdings in Gentherm were worth $623,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Headlands Technologies LLC grew its holdings in shares of Gentherm by 86.1% during the 1st quarter. Headlands Technologies LLC now owns 523 shares of the auto parts company’s stock valued at $30,000 after acquiring an additional 242 shares in the last quarter. Quadrant Capital Group LLC boosted its position in Gentherm by 211.4% during the fourth quarter. Quadrant Capital Group LLC now owns 1,149 shares of the auto parts company’s stock valued at $60,000 after purchasing an additional 780 shares during the last quarter. TFO Wealth Partners LLC grew its stake in Gentherm by 44,050.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,766 shares of the auto parts company’s stock valued at $92,000 after purchasing an additional 1,762 shares in the last quarter. Boston Partners acquired a new position in Gentherm in the 4th quarter worth about $326,000. Finally, Central Pacific Bank Trust Division purchased a new stake in shares of Gentherm during the 1st quarter worth about $347,000. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Analysts Set New Price Targets

THRM has been the subject of several recent research reports. StockNews.com raised Gentherm from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Robert W. Baird decreased their target price on shares of Gentherm from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Gentherm from $60.00 to $56.00 and set an “underweight” rating on the stock in a research note on Monday, July 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Gentherm currently has a consensus rating of “Hold” and a consensus price target of $62.00.

Gentherm Stock Performance

Shares of NASDAQ THRM opened at $45.72 on Thursday. The business’s 50-day simple moving average is $50.09 and its 200-day simple moving average is $51.79. Gentherm Incorporated has a 52 week low of $38.21 and a 52 week high of $62.93. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.46 and a current ratio of 2.11. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 30.16 and a beta of 1.43.

Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.04. The company had revenue of $375.70 million for the quarter, compared to analyst estimates of $375.82 million. Gentherm had a net margin of 4.61% and a return on equity of 14.03%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.58 earnings per share. As a group, equities research analysts expect that Gentherm Incorporated will post 2.81 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Phillip Eyler sold 15,000 shares of the firm’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $50.40, for a total value of $756,000.00. Following the sale, the chief executive officer now directly owns 147,317 shares of the company’s stock, valued at $7,424,776.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.91% of the company’s stock.

About Gentherm

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.