Intech Investment Management LLC Purchases Shares of 32,942 Gentherm Incorporated (NASDAQ:THRM)

Intech Investment Management LLC purchased a new position in Gentherm Incorporated (NASDAQ:THRM - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 32,942 shares of the auto parts company's stock, valued at approximately $1,533,000. Intech Investment Management LLC owned approximately 0.11% of Gentherm as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC raised its stake 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 worth $1,262,000 after purchasing an additional 23,785 shares during the last quarter. Global Alpha Capital Management Ltd. raised its stake 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 worth $29,451,000 after purchasing an additional 116,500 shares during the last quarter. Raymond James & Associates raised its stake in shares of Gentherm by 18.9% in the third quarter. Raymond James & Associates now owns 128,468 shares of the auto parts company's stock worth $5,980,000 after purchasing an additional 20,401 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Gentherm by 1.1% in 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 purchasing an additional 10,402 shares during the last quarter. Finally, ClariVest Asset Management LLC purchased a new stake in shares of Gentherm in the second quarter worth approximately $1,227,000. Institutional investors own 97.13% of the company's stock.

Insider Buying and Selling at Gentherm

In other news, CEO Phillip Eyler sold 4,402 shares of the firm's stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 147,317 shares of the company's stock, valued at $7,395,313.40. This trade represents a 2.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.91% of the stock is owned by corporate insiders.

Gentherm Stock Performance

NASDAQ THRM traded down $1.71 on Tuesday, hitting $42.06. 254,799 shares of the stock traded hands, compared to its average volume of 187,009. The business's fifty day moving average is $43.70 and its two-hundred day moving average is $48.03. Gentherm Incorporated has a 12 month low of $39.86 and a 12 month high of $62.93. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 20.45 and a beta of 1.44. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.38 and a current ratio of 2.02.

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 for the quarter, beating the consensus estimate of $0.66 by $0.09. Gentherm had a return on equity of 14.36% and a net margin of 4.61%. The business had revenue of $371.50 million during the quarter, compared to analyst estimates of $372.89 million. During the same period in the prior year, the company earned $0.64 earnings per share. Gentherm's revenue was up 1.4% compared to the same quarter last year. As a group, equities analysts anticipate that Gentherm Incorporated will post 2.71 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on THRM shares. StockNews.com raised Gentherm from a "hold" rating to a "buy" rating in a research report on Friday, August 9th. 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 decreased their price target on Gentherm from $54.00 to $50.00 and set a "neutral" rating for the company in a research report on Thursday, October 31st. Finally, Craig Hallum decreased their price target on Gentherm from $85.00 to $65.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Gentherm currently has a consensus rating of "Hold" and an average price target of $57.00.

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.