Chatham Capital Group Inc. Has $1.77 Million Position in Gentherm Incorporated (NASDAQ:THRM)

Chatham Capital Group Inc. reduced its stake in Gentherm Incorporated (NASDAQ:THRM) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,352 shares of the auto parts company’s stock after selling 2,150 shares during the period. Chatham Capital Group Inc.’s holdings in Gentherm were worth $1,771,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Disciplined Growth Investors Inc. MN increased its holdings in shares of Gentherm by 2.0% in the third quarter. Disciplined Growth Investors Inc. MN now owns 1,169,671 shares of the auto parts company’s stock valued at $54,448,000 after purchasing an additional 23,051 shares during the last quarter. Global Alpha Capital Management Ltd. increased its holdings in shares of Gentherm by 22.6% in 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 purchasing an additional 116,500 shares during the last quarter. FMR LLC increased its holdings in shares of Gentherm by 26.8% in the third quarter. FMR LLC now owns 507,598 shares of the auto parts company’s stock valued at $23,629,000 after purchasing an additional 107,322 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Gentherm by 5.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 486,565 shares of the auto parts company’s stock valued at $19,426,000 after acquiring an additional 25,736 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in shares of Gentherm by 9.2% in the third quarter. Rockefeller Capital Management L.P. now owns 443,715 shares of the auto parts company’s stock valued at $20,659,000 after acquiring an additional 37,215 shares in the last quarter. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

THRM has been the topic of several research reports. JPMorgan Chase & Co. decreased their price target on shares of Gentherm from $56.00 to $51.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. StockNews.com downgraded shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 26th. Finally, Robert W. Baird decreased their price target on shares of Gentherm from $44.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th.

Insider Activity at Gentherm

In related news, SVP Thomas Stocker sold 1,295 shares of the firm’s stock in a transaction that occurred 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 completion of 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.91% of the stock is owned by company insiders.

Gentherm Trading Up 0.3 %

THRM opened at $32.06 on Friday. Gentherm Incorporated has a twelve month low of $30.25 and a twelve month high of $57.96. The company has a 50-day simple moving average of $37.16 and a 200 day simple moving average of $41.74. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $987.10 million, a price-to-earnings ratio of 15.49 and a beta of 1.42.

Gentherm (NASDAQ:THRM) last posted its earnings results on Wednesday, February 19th. The auto parts company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.39). The company had revenue of $352.91 million during the quarter, compared to the consensus estimate of $360.29 million. Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The firm’s revenue was down 3.8% compared to the same quarter last year. During the same period last year, the company posted $0.90 EPS. Analysts predict that Gentherm Incorporated will post 3.1 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.