UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $3.25 Million Stock Holdings in Gentherm Incorporated (NASDAQ:THRM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Gentherm Incorporated (NASDAQ:THRM) by 3.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,731 shares of the auto parts company’s stock after purchasing an additional 2,491 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Gentherm were worth $3,246,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in THRM. Van Berkom & Associates Inc. raised its position in Gentherm by 1.5% during the second quarter. Van Berkom & Associates Inc. now owns 1,364,291 shares of the auto parts company’s stock worth $67,287,000 after acquiring an additional 20,371 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its position in shares of Gentherm by 0.7% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 1,146,620 shares of the auto parts company’s stock valued at $56,551,000 after acquiring an additional 8,049 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Gentherm by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,146,375 shares of the auto parts company’s stock worth $56,539,000 after purchasing an additional 37,365 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Gentherm by 1.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 951,798 shares of the auto parts company’s stock valued at $46,943,000 after purchasing an additional 10,402 shares during the period. Finally, Global Alpha Capital Management Ltd. lifted its stake in Gentherm by 22.6% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 632,673 shares of the auto parts company’s stock valued at $29,451,000 after purchasing an additional 116,500 shares during the last quarter. Institutional investors own 97.13% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Thomas Stocker sold 1,295 shares of Gentherm stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $42.98, for a total value of $55,659.10. Following the transaction, the senior vice president now owns 13,413 shares in the company, valued at $576,490.74. This trade represents a 8.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Phillip Eyler sold 4,402 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $50.20, for a total transaction of $220,980.40. Following the completion of the transaction, the chief executive officer now owns 147,317 shares in the company, valued at $7,395,313.40. The trade was a 2.90 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,197 shares of company stock valued at $381,640. 1.91% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

THRM has been the topic of a number of recent analyst reports. Robert W. Baird lowered their price target on Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Craig Hallum lowered their price target on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. raised 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.

Gentherm Trading Down 2.4 %

NASDAQ THRM opened at $41.74 on Friday. Gentherm Incorporated has a 12 month low of $39.86 and a 12 month high of $62.93. The business has a fifty day simple moving average of $42.42 and a 200 day simple moving average of $47.37. The firm has a market capitalization of $1.29 billion, a P/E ratio of 19.50 and a beta of 1.42. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results 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. The firm had revenue of $371.50 million during the quarter, compared to analyst estimates of $372.89 million. Gentherm had a return on equity of 14.36% and a net margin of 4.61%. The business’s revenue for the quarter 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, analysts predict that Gentherm Incorporated will post 2.71 EPS for the current fiscal year.

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.