Gentherm Inc (NASDAQ:THRM) Stock Holdings Raised by Cerity Partners LLC

Cerity Partners LLC raised its holdings in Gentherm Inc (NASDAQ:THRM - Free Report) by 89.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,505 shares of the auto parts company's stock after buying an additional 24,857 shares during the quarter. Cerity Partners LLC owned approximately 0.17% of Gentherm worth $1,404,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. increased its position in Gentherm by 12.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,477 shares of the auto parts company's stock worth $424,000 after purchasing an additional 1,676 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Gentherm by 11,463.4% during the 1st quarter. GAMMA Investing LLC now owns 56,314 shares of the auto parts company's stock valued at $1,506,000 after buying an additional 55,827 shares during the period. Deutsche Bank AG increased its holdings in shares of Gentherm by 23.0% during the 4th quarter. Deutsche Bank AG now owns 54,483 shares of the auto parts company's stock worth $2,176,000 after buying an additional 10,192 shares during the last quarter. Bank of America Corp DE raised its position in shares of Gentherm by 22.0% in the 4th quarter. Bank of America Corp DE now owns 140,869 shares of the auto parts company's stock worth $5,624,000 after buying an additional 25,432 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in Gentherm by 22.9% in the first quarter. SG Americas Securities LLC now owns 17,291 shares of the auto parts company's stock valued at $462,000 after acquiring an additional 3,223 shares during the last quarter. Institutional investors and hedge funds own 97.13% of the company's stock.

Insider Activity at Gentherm

In other Gentherm news, CEO William T. Presley purchased 3,000 shares of Gentherm stock in a transaction that occurred on Friday, April 25th. The stock was purchased at an average price of $24.67 per share, with a total value of $74,010.00. Following the completion of the acquisition, the chief executive officer owned 161,103 shares of the company's stock, valued at approximately $3,974,411.01. This trade represents a 1.90% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.40% of the company's stock.

Gentherm Stock Down 0.5%

Gentherm stock traded down $0.16 during midday trading on Thursday, hitting $31.85. 379,678 shares of the company were exchanged, compared to its average volume of 319,018. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.16 and a quick ratio of 1.49. Gentherm Inc has a fifty-two week low of $22.75 and a fifty-two week high of $56.68. The company's fifty day moving average price is $28.65 and its 200-day moving average price is $30.57. The company has a market cap of $982.74 million, a PE ratio of 19.90 and a beta of 1.42.

Gentherm (NASDAQ:THRM - Get Free Report) last announced its earnings results on Thursday, July 24th. The auto parts company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.03). Gentherm had a net margin of 3.44% and a return on equity of 10.81%. During the same quarter in the previous year, the company earned $0.66 earnings per share. The firm's quarterly revenue was down .2% on a year-over-year basis. On average, research analysts predict that Gentherm Inc will post 3.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on THRM shares. Robert W. Baird lifted their price objective on Gentherm from $28.00 to $35.00 and gave the company an "outperform" rating in a research note on Friday, July 11th. Baird R W upgraded shares of Gentherm from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 11th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $50.33.

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.