JPMorgan Chase & Co. Buys 21,376 Shares of Gentherm Incorporated (NASDAQ:THRM)

JPMorgan Chase & Co. raised its position in Gentherm Incorporated (NASDAQ:THRM - Free Report) by 46.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,831 shares of the auto parts company's stock after acquiring an additional 21,376 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.22% of Gentherm worth $3,158,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nuance Investments LLC purchased a new stake in Gentherm in the third quarter worth $16,754,000. Cerity Partners LLC lifted its position in shares of Gentherm by 880.7% in the 3rd quarter. Cerity Partners LLC now owns 188,683 shares of the auto parts company's stock worth $8,783,000 after purchasing an additional 169,443 shares during the period. American Century Companies Inc. boosted its stake 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 valued at $12,783,000 after purchasing an additional 141,047 shares in the last quarter. Global Alpha Capital Management Ltd. increased its position in shares of Gentherm by 22.6% during 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. Finally, FMR LLC raised its stake in Gentherm by 26.8% in the third quarter. FMR LLC now owns 507,598 shares of the auto parts company's stock worth $23,629,000 after buying an additional 107,322 shares in the last quarter. 97.13% of the stock is owned by institutional investors.

Gentherm Stock Up 1.5 %

Shares of THRM stock traded up $0.61 during trading hours on Monday, hitting $40.14. 186,831 shares of the company's stock traded hands, compared to its average volume of 212,153. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.34. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 18.76 and a beta of 1.42. The stock's fifty day simple moving average is $40.95 and its two-hundred day simple moving average is $45.09. Gentherm Incorporated has a 12-month low of $37.94 and a 12-month high of $62.93.

Gentherm (NASDAQ:THRM - Get Free Report) last released its earnings results on Wednesday, October 30th. The auto parts company reported $0.75 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $372.89 million. During the same period in the previous year, the company posted $0.64 earnings per share. The company's revenue for the quarter was up 1.4% compared to the same quarter last year. On average, analysts expect that Gentherm Incorporated will post 2.71 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on THRM shares. JPMorgan Chase & Co. raised Gentherm from an "underweight" rating to a "neutral" rating and set a $56.00 price objective on the stock in a research report on Monday, October 21st. Robert W. Baird dropped their price target on Gentherm from $54.00 to $50.00 and set a "neutral" rating on the stock in a research report on Thursday, October 31st. StockNews.com upgraded Gentherm from a "buy" rating to a "strong-buy" rating in a report on Thursday. Finally, Craig Hallum dropped their target price on shares of Gentherm from $85.00 to $65.00 and set a "buy" rating on the stock in a report on Thursday, October 31st.

Insider Buying and Selling

In related news, SVP Hui (Helen) Xu sold 2,500 shares of the company's stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $42.00, for a total value 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. This represents a 11.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Thomas Stocker sold 1,295 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $42.98, for a total value of $55,659.10. Following the sale, the senior vice president now owns 13,413 shares in the company, valued at approximately $576,490.74. This represents a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.91% of the stock is currently owned by company insiders.

Gentherm 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.