Inspire Investing LLC Grows Holdings in Gentherm Incorporated (NASDAQ:THRM)

Inspire Investing LLC grew its position in Gentherm Incorporated (NASDAQ:THRM) by 14.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,164 shares of the auto parts company’s stock after acquiring an additional 905 shares during the period. Inspire Investing LLC’s holdings in Gentherm were worth $353,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of THRM. Charles Schwab Investment Management Inc. raised its holdings in 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 worth $21,590,000 after purchasing an additional 20,600 shares during the period. Mairs & Power Inc. raised its stake in shares of Gentherm by 9.3% during the 4th quarter. Mairs & Power Inc. now owns 395,006 shares of the auto parts company’s stock worth $20,683,000 after buying an additional 33,570 shares during the period. Granahan Investment Management LLC lifted its position in shares of Gentherm by 61.2% during the 4th quarter. Granahan Investment Management LLC now owns 412,971 shares of the auto parts company’s stock valued at $21,623,000 after buying an additional 156,842 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Gentherm in the 1st quarter valued at $1,089,000. Finally, SG Americas Securities LLC increased its holdings 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 worth $1,262,000 after acquiring an additional 23,785 shares in the last quarter. 97.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 completion of the sale, the chief executive officer now directly owns 147,317 shares in the company, valued at approximately $7,370,269.51. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 34,402 shares of company stock worth $1,727,430. 1.91% of the stock is owned by corporate insiders.

Gentherm Price Performance

Shares of NASDAQ THRM opened at $48.57 on Monday. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 33.27 and a beta of 1.43. Gentherm Incorporated has a 52 week low of $38.21 and a 52 week high of $62.93. The firm has a 50-day simple moving average of $49.93 and a 200-day simple moving average of $51.32. The company has a quick ratio of 1.46, a current ratio of 2.11 and a debt-to-equity ratio of 0.35.

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

Analyst Upgrades and Downgrades

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

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.