Westwood Holdings Group Inc. Buys 8,135 Shares of Gentherm Incorporated (NASDAQ:THRM)

Westwood Holdings Group Inc. raised its stake in shares of Gentherm Incorporated (NASDAQ:THRM) by 28.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,816 shares of the auto parts company’s stock after acquiring an additional 8,135 shares during the quarter. Westwood Holdings Group Inc. owned approximately 0.12% of Gentherm worth $1,816,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Gentherm by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 412,338 shares of the auto parts company’s stock valued at $21,590,000 after acquiring an additional 20,600 shares during the period. Mairs & Power Inc. raised its holdings in shares of Gentherm by 9.3% in the fourth quarter. Mairs & Power Inc. now owns 395,006 shares of the auto parts company’s stock valued at $20,683,000 after buying an additional 33,570 shares during the last quarter. Granahan Investment Management LLC raised its holdings in shares of Gentherm by 61.2% in the fourth 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 during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Gentherm in the first quarter valued at about $1,089,000. Finally, SG Americas Securities LLC raised its holdings in shares of Gentherm by 1,317.7% in the second quarter. SG Americas Securities LLC now owns 25,590 shares of the auto parts company’s stock valued at $1,262,000 after buying an additional 23,785 shares during the last quarter. 97.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on THRM. StockNews.com raised Gentherm from a “hold” rating to a “buy” rating in a report on Friday, August 9th. 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 report on Friday, July 12th. 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 analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $62.00.

Insider Buying and Selling

In other news, CEO Phillip Eyler sold 4,402 shares of the business’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 transaction, the chief executive officer now directly owns 147,317 shares in the company, valued at approximately $7,395,313.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 34,402 shares of company stock worth $1,727,430 over the last three months. 1.91% of the stock is currently owned by company insiders.

Gentherm Price Performance

Shares of THRM stock opened at $48.57 on Monday. The stock has a 50-day moving average price of $49.93 and a 200 day moving average price 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. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 33.27 and a beta of 1.43. Gentherm Incorporated has a 12 month low of $38.21 and a 12 month high of $62.93.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. The firm had revenue of $375.70 million during the quarter, compared to analyst estimates of $375.82 million. Gentherm had a return on equity of 14.03% and a net margin of 4.61%. The company’s revenue was up .9% on a year-over-year basis. During the same period last year, the company earned $0.58 earnings per share. Research analysts expect 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.