Charles Schwab Investment Management Inc. Purchases 5,754 Shares of Gentherm Incorporated (NASDAQ:THRM)

Charles Schwab Investment Management Inc. lifted its position in shares of Gentherm Incorporated (NASDAQ:THRM) by 1.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 460,829 shares of the auto parts company’s stock after purchasing an additional 5,754 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.49% of Gentherm worth $21,452,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Gladius Capital Management LP acquired a new position in Gentherm during the 3rd quarter valued at about $44,000. Headlands Technologies LLC lifted its holdings in shares of Gentherm by 134.0% in the second quarter. Headlands Technologies LLC now owns 1,224 shares of the auto parts company’s stock valued at $60,000 after purchasing an additional 701 shares in the last quarter. Palouse Capital Management Inc. purchased a new position in shares of Gentherm during the second quarter valued at approximately $92,000. MeadowBrook Investment Advisors LLC grew its holdings in Gentherm by 8.4% during the third quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock worth $156,000 after buying an additional 260 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. purchased a new stake in Gentherm in the 3rd quarter valued at $208,000. 97.13% of the stock is owned by institutional investors and hedge funds.

Gentherm Stock Up 0.3 %

Shares of NASDAQ THRM opened at $41.99 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average of $42.51 and a 200-day moving average of $47.53. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 19.62 and a beta of 1.42. Gentherm Incorporated has a 12 month low of $39.86 and a 12 month high of $62.93.

Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. The business had revenue of $371.50 million for the quarter, compared to the consensus estimate of $372.89 million. Gentherm had a return on equity of 14.36% and a net margin of 4.61%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the business posted $0.64 earnings per share. Sell-side analysts expect that Gentherm Incorporated will post 2.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Craig Hallum decreased their price objective on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. JPMorgan Chase & Co. raised Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price target for the company in a research report on Monday, October 21st. Robert W. Baird cut their price objective on Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Finally, StockNews.com raised Gentherm from a “hold” rating to a “buy” rating in a research report on Friday, August 9th.

Insiders Place Their Bets

In other Gentherm news, SVP Hui (Helen) Xu sold 2,500 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $42.00, for a total transaction of $105,000.00. Following the transaction, the senior vice president now directly owns 18,947 shares of the company’s stock, valued at approximately $795,774. The trade was a 11.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Phillip Eyler sold 4,402 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $50.20, for a total transaction of $220,980.40. Following the completion of the sale, the chief executive officer now directly owns 147,317 shares of the company’s stock, valued at approximately $7,395,313.40. This represents a 2.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.91% of the company’s stock.

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.