Gentherm Incorporated (NASDAQ:THRM) Shares Sold by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. cut its stake in Gentherm Incorporated (NASDAQ:THRM) by 5.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,612 shares of the auto parts company’s stock after selling 331 shares during the period. Johnson Investment Counsel Inc.’s holdings in Gentherm were worth $277,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC increased its holdings in shares of Gentherm by 86.1% during the first quarter. Headlands Technologies LLC now owns 523 shares of the auto parts company’s stock valued at $30,000 after purchasing an additional 242 shares during the period. Quadrant Capital Group LLC boosted its position in Gentherm by 211.4% during the 4th quarter. Quadrant Capital Group LLC now owns 1,149 shares of the auto parts company’s stock worth $60,000 after acquiring an additional 780 shares during the period. TFO Wealth Partners LLC boosted its position in Gentherm by 44,050.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,766 shares of the auto parts company’s stock worth $92,000 after acquiring an additional 1,762 shares during the period. Boston Partners acquired a new stake in Gentherm during the 4th quarter worth about $326,000. Finally, Central Pacific Bank Trust Division acquired a new stake in Gentherm during the 1st quarter worth about $347,000. 97.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Gentherm

In other Gentherm news, CEO Phillip Eyler sold 15,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $50.03, for a total value of $750,450.00. Following the sale, the chief executive officer now directly owns 147,317 shares in the company, valued at $7,370,269.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.91% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on THRM shares. Robert W. Baird cut their price target on Gentherm from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Friday, July 12th. StockNews.com upgraded Gentherm from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Finally, JPMorgan Chase & Co. cut their price target on Gentherm from $60.00 to $56.00 and set an “underweight” rating for the company in a report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $62.00.

Gentherm Stock Performance

THRM opened at $47.78 on Friday. The stock has a market cap of $1.50 billion, a PE ratio of 32.73 and a beta of 1.43. The company has a current ratio of 2.11, a quick ratio of 1.46 and a debt-to-equity ratio of 0.35. Gentherm Incorporated has a 1 year low of $38.21 and a 1 year high of $62.93. The stock’s 50 day simple moving average is $49.94 and its 200-day simple moving average is $51.62.

Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.04. The business had revenue of $375.70 million for the quarter, compared to analysts’ expectations of $375.82 million. Gentherm had a return on equity of 14.03% and a net margin of 4.61%. Gentherm’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the business posted $0.58 earnings per share. Sell-side analysts forecast that Gentherm Incorporated will post 2.81 EPS for the current 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.