Cerity Partners LLC Acquires 24,857 Shares of Gentherm Inc (NASDAQ:THRM)

Cerity Partners LLC grew its holdings in Gentherm Inc (NASDAQ:THRM - Free Report) by 89.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,505 shares of the auto parts company's stock after acquiring an additional 24,857 shares during the period. Cerity Partners LLC owned 0.17% of Gentherm worth $1,404,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in THRM. Signaturefd LLC grew its position in Gentherm by 233.8% in the fourth quarter. Signaturefd LLC now owns 661 shares of the auto parts company's stock worth $26,000 after acquiring an additional 463 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in Gentherm in the first quarter worth approximately $26,000. Versant Capital Management Inc bought a new stake in Gentherm in the first quarter worth approximately $28,000. GAMMA Investing LLC lifted its stake in shares of Gentherm by 332.4% in the first quarter. GAMMA Investing LLC now owns 2,106 shares of the auto parts company's stock worth $56,000 after buying an additional 1,619 shares during the last quarter. Finally, Quarry LP lifted its stake in shares of Gentherm by 226.8% in the fourth quarter. Quarry LP now owns 1,755 shares of the auto parts company's stock worth $70,000 after buying an additional 1,218 shares during the last quarter. 97.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on THRM. Robert W. Baird boosted their price objective on shares of Gentherm from $28.00 to $35.00 and gave the stock 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 issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Gentherm currently has a consensus rating of "Buy" and an average price target of $50.33.

Gentherm Stock Performance

NASDAQ:THRM traded up $1.53 during trading hours on Friday, hitting $34.40. 613,910 shares of the company traded hands, compared to its average volume of 310,049. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 33.73 and a beta of 1.42. Gentherm Inc has a twelve month low of $22.75 and a twelve month high of $56.68. The firm has a 50-day moving average of $28.88 and a 200 day moving average of $30.49. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.30.

Gentherm (NASDAQ:THRM - Get Free Report) last released its earnings results on Thursday, July 24th. The auto parts company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.05). The company had revenue of $375.09 million for the quarter, compared to analyst estimates of $358.09 million. Gentherm had a net margin of 2.18% and a return on equity of 9.90%. Gentherm's revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.66 earnings per share. On average, analysts forecast that Gentherm Inc will post 3.1 EPS for the current year.

Gentherm 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.