Gentherm Incorporated (NASDAQ:THRM) Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. increased its stake in Gentherm Incorporated (NASDAQ:THRM) by 43.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 11,297 shares of the auto parts company’s stock after acquiring an additional 3,427 shares during the period. Advisors Asset Management Inc.’s holdings in Gentherm were worth $526,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Hsbc Holdings PLC boosted its holdings in shares of Gentherm by 3.5% in the second quarter. Hsbc Holdings PLC now owns 6,834 shares of the auto parts company’s stock valued at $337,000 after acquiring an additional 229 shares in the last quarter. MeadowBrook Investment Advisors LLC boosted its holdings in shares of Gentherm by 8.4% in the third quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock valued at $156,000 after acquiring an additional 260 shares in the last quarter. Guinness Atkinson Asset Management Inc boosted its holdings in shares of Gentherm by 3.2% in the third quarter. Guinness Atkinson Asset Management Inc now owns 17,929 shares of the auto parts company’s stock valued at $835,000 after acquiring an additional 553 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Gentherm by 7.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,923 shares of the auto parts company’s stock valued at $391,000 after acquiring an additional 581 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Gentherm by 0.6% in the second quarter. Victory Capital Management Inc. now owns 93,462 shares of the auto parts company’s stock valued at $4,610,000 after acquiring an additional 596 shares in the last quarter. 97.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Phillip Eyler sold 4,402 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $50.20, for a total value of $220,980.40. Following the completion of the transaction, the chief executive officer now owns 147,317 shares of the company’s stock, valued at approximately $7,395,313.40. This trade represents a 2.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.91% of the company’s stock.

Gentherm Trading Up 0.1 %

Gentherm stock opened at $42.11 on Thursday. The company has a 50 day moving average price of $43.41 and a 200 day moving average price of $47.93. Gentherm Incorporated has a 52 week low of $39.86 and a 52 week high of $62.93. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.38 and a current ratio of 2.02. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 19.68 and a beta of 1.44.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. Gentherm had a net margin of 4.61% and a return on equity of 14.36%. The firm had revenue of $371.50 million during the quarter, compared to analyst estimates of $372.89 million. During the same quarter last year, the business posted $0.64 EPS. The company’s revenue was up 1.4% on a year-over-year basis. Research analysts forecast that Gentherm Incorporated will post 2.71 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on THRM shares. Craig Hallum decreased their price objective on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Robert W. Baird reduced their target price on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. StockNews.com upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Finally, JPMorgan Chase & Co. upgraded shares of Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 target price for the company in a report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $57.00.

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.