Cerity Partners LLC Buys 169,443 Shares of Gentherm Incorporated (NASDAQ:THRM)

Cerity Partners LLC raised its holdings in Gentherm Incorporated (NASDAQ:THRM - Free Report) by 880.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 188,683 shares of the auto parts company's stock after acquiring an additional 169,443 shares during the period. Cerity Partners LLC owned about 0.61% of Gentherm worth $8,783,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. SG Americas Securities LLC increased its stake in Gentherm by 1,317.7% during the 2nd quarter. SG Americas Securities LLC now owns 25,590 shares of the auto parts company's stock worth $1,262,000 after purchasing an additional 23,785 shares in the last quarter. Global Alpha Capital Management Ltd. boosted its holdings in shares of Gentherm by 22.6% in the third quarter. Global Alpha Capital Management Ltd. now owns 632,673 shares of the auto parts company's stock valued at $29,451,000 after buying an additional 116,500 shares during the period. Raymond James & Associates increased its position in shares of Gentherm by 18.9% during the third quarter. Raymond James & Associates now owns 128,468 shares of the auto parts company's stock worth $5,980,000 after acquiring an additional 20,401 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Gentherm by 1.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 951,798 shares of the auto parts company's stock worth $46,943,000 after acquiring an additional 10,402 shares during the period. Finally, ClariVest Asset Management LLC bought a new stake in Gentherm in the 2nd quarter valued at $1,227,000. 97.13% of the stock is currently owned by institutional investors.

Gentherm Stock Up 0.1 %

THRM traded up $0.05 on Wednesday, hitting $42.11. 190,027 shares of the company were exchanged, compared to its average volume of 187,022. The stock's fifty day moving average is $43.41 and its 200-day moving average is $47.93. Gentherm Incorporated has a 12 month low of $39.86 and a 12 month high of $62.93. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.38 and a current ratio of 2.02. The company has a market cap of $1.30 billion, a PE ratio of 19.68 and a beta of 1.44.

Gentherm (NASDAQ:THRM - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.09. Gentherm had a return on equity of 14.36% and a net margin of 4.61%. The company had revenue of $371.50 million for the quarter, compared to analysts' expectations of $372.89 million. During the same quarter in the prior year, the business posted $0.64 EPS. The business's revenue was up 1.4% compared to the same quarter last year. Equities research analysts predict that Gentherm Incorporated will post 2.71 EPS for the current fiscal year.

Analysts Set New Price Targets

THRM has been the subject of a number of research reports. Craig Hallum lowered their target price on Gentherm from $85.00 to $65.00 and set a "buy" rating for the company in a report on Thursday, October 31st. Robert W. Baird dropped their target price on Gentherm from $54.00 to $50.00 and set a "neutral" rating on the stock in a research report 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. Finally, StockNews.com upgraded shares of Gentherm from a "hold" rating to a "buy" rating in a report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Gentherm presently has an average rating of "Hold" and a consensus price target of $57.00.

Insider Buying and Selling at Gentherm

In other Gentherm news, CEO Phillip Eyler sold 4,402 shares of the company's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $50.20, for a total value of $220,980.40. Following the sale, the chief executive officer now owns 147,317 shares in the company, valued at $7,395,313.40. This represents a 2.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.91% of the company's stock.

About Gentherm

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.