Orion Portfolio Solutions LLC Raises Stock Position in Gentherm Incorporated (NASDAQ:THRM)

Orion Portfolio Solutions LLC raised its stake in shares of Gentherm Incorporated (NASDAQ:THRM) by 32.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,626 shares of the auto parts company’s stock after buying an additional 4,041 shares during the period. Orion Portfolio Solutions LLC owned about 0.05% of Gentherm worth $774,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Global Alpha Capital Management Ltd. increased its position in Gentherm by 22.6% during the third quarter. Global Alpha Capital Management Ltd. now owns 632,673 shares of the auto parts company’s stock valued at $29,451,000 after acquiring an additional 116,500 shares during the last quarter. Raymond James & Associates increased its position in shares of Gentherm by 18.9% during the 3rd quarter. Raymond James & Associates now owns 128,468 shares of the auto parts company’s stock valued at $5,980,000 after purchasing an additional 20,401 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Gentherm by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 460,829 shares of the auto parts company’s stock worth $21,452,000 after purchasing an additional 5,754 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Gentherm by 1.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 951,798 shares of the auto parts company’s stock worth $46,943,000 after buying an additional 10,402 shares during the last quarter. Finally, ClariVest Asset Management LLC bought a new stake in Gentherm during the second quarter valued at approximately $1,227,000. 97.13% of the stock is owned by institutional investors.

Gentherm Stock Performance

Shares of NASDAQ THRM opened at $40.15 on Tuesday. The stock has a market cap of $1.24 billion, a PE ratio of 18.79 and a beta of 1.42. Gentherm Incorporated has a 1 year low of $39.84 and a 1 year high of $62.93. The firm has a fifty day moving average price of $42.40 and a 200-day moving average price of $47.27. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.02 and a quick ratio of 1.38.

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

Wall Street Analysts Forecast Growth

THRM has been the topic of several analyst reports. JPMorgan Chase & Co. upgraded shares of Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price target on the stock in a research note on Monday, October 21st. Craig Hallum lowered their target price on Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Finally, Robert W. Baird reduced their price target on Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st.

Insider Buying and Selling

In other Gentherm news, CEO Phillip Eyler sold 4,402 shares of Gentherm stock in a transaction 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 sale, the chief executive officer now directly owns 147,317 shares in the company, valued at approximately $7,395,313.40. The trade was a 2.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Thomas Stocker sold 1,295 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $42.98, for a total transaction of $55,659.10. Following the transaction, the senior vice president now directly owns 13,413 shares of the company’s stock, valued at $576,490.74. This trade represents a 8.80 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,197 shares of company stock valued at $381,640. Corporate insiders own 1.91% of the company’s stock.

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.