5,160 Shares in Gentherm Incorporated (NASDAQ:THRM) Acquired by MQS Management LLC

MQS Management LLC purchased a new position in shares of Gentherm Incorporated (NASDAQ:THRM) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 5,160 shares of the auto parts company’s stock, valued at approximately $240,000.

Several other large investors have also made changes to their positions in THRM. SG Americas Securities LLC lifted its stake in Gentherm by 1,317.7% in the 2nd quarter. SG Americas Securities LLC now owns 25,590 shares of the auto parts company’s stock valued at $1,262,000 after purchasing an additional 23,785 shares during the last quarter. Raymond James & Associates raised its stake in shares of Gentherm by 18.9% during the third quarter. Raymond James & Associates now owns 128,468 shares of the auto parts company’s stock valued at $5,980,000 after acquiring an additional 20,401 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Gentherm by 1.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 951,798 shares of the auto parts company’s stock valued at $46,943,000 after acquiring an additional 10,402 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Gentherm during the first quarter valued at $693,000. Finally, ClariVest Asset Management LLC bought a new position in shares of Gentherm during the second quarter valued at $1,227,000. Institutional investors and hedge funds own 97.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on THRM. Robert W. Baird dropped their price target on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. JPMorgan Chase & Co. upgraded shares of Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price objective for the company in a research report on Monday, October 21st. StockNews.com upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Finally, 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 research report on Thursday, October 31st. 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $57.00.

Insiders Place Their Bets

In other news, CEO Phillip Eyler sold 4,402 shares of Gentherm 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 directly owns 147,317 shares in the company, valued at $7,395,313.40. This trade represents a 2.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.91% of the company’s stock.

Gentherm Trading Down 2.2 %

THRM opened at $42.33 on Friday. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.34. The stock has a market cap of $1.31 billion, a PE ratio of 19.78 and a beta of 1.44. The company has a fifty day moving average of $44.25 and a 200-day moving average of $48.50. Gentherm Incorporated has a twelve month low of $39.86 and a twelve month high of $62.93.

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 business had revenue of $371.50 million during the quarter, compared to analysts’ expectations of $372.89 million. Gentherm had a net margin of 4.61% and a return on equity of 14.36%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the company posted $0.64 earnings per share. On average, sell-side analysts predict that Gentherm Incorporated will post 2.71 EPS for the current year.

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.