Hennion & Walsh Asset Management Inc. Boosts Position in Gentherm Incorporated (NASDAQ:THRM)

Hennion & Walsh Asset Management Inc. boosted its stake in Gentherm Incorporated (NASDAQ:THRM) by 34.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 5,994 shares of the auto parts company’s stock after purchasing an additional 1,525 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Gentherm were worth $239,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in THRM. Quarry LP boosted its stake in shares of Gentherm by 952.9% during the 3rd quarter. Quarry LP now owns 537 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 486 shares in the last quarter. Gladius Capital Management LP purchased a new stake in Gentherm in the third quarter worth about $44,000. MeadowBrook Investment Advisors LLC boosted its position in Gentherm by 8.4% during the 3rd 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. XTX Topco Ltd bought a new stake in Gentherm during the 3rd quarter valued at approximately $207,000. Finally, MQS Management LLC purchased a new position in shares of Gentherm during the 3rd quarter worth approximately $240,000. 97.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Craig Hallum dropped their price target on Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. JPMorgan Chase & Co. upgraded shares of Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 target price on the stock in a report on Monday, October 21st. StockNews.com upgraded shares of Gentherm from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 16th. Finally, Robert W. Baird lowered their price target on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st.

Gentherm Stock Up 1.5 %

THRM stock opened at $40.75 on Wednesday. The business has a 50 day moving average of $40.87 and a 200 day moving average of $45.02. The firm has a market cap of $1.26 billion, a PE ratio of 19.04 and a beta of 1.42. Gentherm Incorporated has a twelve month low of $37.94 and a twelve month high of $62.93. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.34.

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

Insiders Place Their Bets

In related news, SVP Hui (Helen) Xu sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $42.00, for a total transaction of $105,000.00. Following the completion of the sale, the senior vice president now owns 18,947 shares of the company’s stock, valued at $795,774. This trade represents a 11.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Thomas Stocker sold 1,295 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $42.98, for a total transaction of $55,659.10. Following the completion of the transaction, the senior vice president now owns 13,413 shares of the company’s stock, valued at approximately $576,490.74. The trade was a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.