Headlands Technologies LLC Raises Position in Gentherm Incorporated (NASDAQ:THRM)

Headlands Technologies LLC lifted its stake in Gentherm Incorporated (NASDAQ:THRM) by 134.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,224 shares of the auto parts company’s stock after purchasing an additional 701 shares during the period. Headlands Technologies LLC’s holdings in Gentherm were worth $60,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its holdings in shares of Gentherm by 5.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 412,338 shares of the auto parts company’s stock valued at $21,590,000 after purchasing an additional 20,600 shares in the last quarter. Boston Partners purchased a new stake in Gentherm during the 4th quarter worth about $326,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Gentherm by 18.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 13,797 shares of the auto parts company’s stock worth $691,000 after buying an additional 2,130 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of 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 in the last quarter. Finally, Norges Bank purchased a new position in shares of Gentherm in the 4th quarter valued at about $10,991,000. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Wall Street Analyst Weigh In

THRM has been the subject of a number of research analyst reports. StockNews.com raised Gentherm from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Robert W. Baird dropped their target price on shares of Gentherm from $65.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Gentherm from $60.00 to $56.00 and set an “underweight” rating for the company in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $62.00.

Insider Activity

In other Gentherm news, CEO Phillip Eyler sold 15,000 shares of the business’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $50.40, for a total value of $756,000.00. Following the transaction, the chief executive officer now directly owns 147,317 shares of the company’s stock, valued at approximately $7,424,776.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.91% of the company’s stock.

Gentherm Price Performance

THRM stock opened at $48.34 on Tuesday. The business has a 50 day simple moving average of $49.93 and a 200-day simple moving average of $51.52. The company has a market capitalization of $1.53 billion, a P/E ratio of 33.11 and a beta of 1.43. Gentherm Incorporated has a twelve month low of $38.21 and a twelve month high of $62.93. 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 (NASDAQ:THRM) last issued its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.04. Gentherm had a net margin of 4.61% and a return on equity of 14.03%. The company had revenue of $375.70 million for the quarter, compared to the consensus estimate of $375.82 million. During the same period last year, the firm posted $0.58 EPS. Gentherm’s revenue for the quarter was up .9% on a year-over-year basis. As a group, equities analysts anticipate that Gentherm Incorporated will post 2.81 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.