Gentherm Incorporated (NASDAQ:THRM) Shares Bought by Sei Investments Co.

Sei Investments Co. grew its stake in Gentherm Incorporated (NASDAQ:THRM) by 160.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,107 shares of the auto parts company’s stock after acquiring an additional 9,298 shares during the quarter. Sei Investments Co.’s holdings in Gentherm were worth $745,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of THRM. Allspring Global Investments Holdings LLC increased its position in Gentherm by 2,995.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 268,920 shares of the auto parts company’s stock worth $15,484,000 after purchasing an additional 260,233 shares during the last quarter. Granahan Investment Management LLC grew its stake in shares of Gentherm by 61.2% in 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 during the period. American Century Companies Inc. increased its holdings in shares of Gentherm by 119.4% during the 2nd quarter. American Century Companies Inc. now owns 259,185 shares of the auto parts company’s stock worth $12,783,000 after buying an additional 141,047 shares during the last quarter. Pembroke Management LTD raised its position in shares of Gentherm by 36.5% during the 1st quarter. Pembroke Management LTD now owns 273,827 shares of the auto parts company’s stock valued at $15,767,000 after buying an additional 73,227 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its holdings in Gentherm by 265.7% in the second quarter. Harbor Capital Advisors Inc. now owns 94,247 shares of the auto parts company’s stock valued at $4,648,000 after acquiring an additional 68,477 shares during the last quarter. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Insider Buying and Selling

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 completion of the transaction, the chief executive officer now owns 147,317 shares in the company, valued at $7,424,776.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have sold a total of 34,402 shares of company stock valued at $1,727,430 in the last ninety days. Company insiders own 1.91% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on THRM shares. JPMorgan Chase & Co. reduced their target price on 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 decreased 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, StockNews.com raised shares of Gentherm from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. 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’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $62.00.

Gentherm Trading Up 1.5 %

Shares of NASDAQ THRM opened at $42.29 on Wednesday. The company has a current ratio of 2.11, a quick ratio of 1.46 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $1.34 billion, a PE ratio of 28.97 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 stock has a fifty day simple moving average of $48.53 and a 200-day simple moving average of $50.50.

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, beating the consensus estimate of $0.62 by $0.04. The company had revenue of $375.70 million during the quarter, compared to the consensus estimate of $375.82 million. Gentherm had a return on equity of 14.03% and a net margin of 4.61%. Gentherm’s revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.58 EPS. On average, equities analysts forecast that Gentherm Incorporated will post 2.81 earnings per share 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.