Assenagon Asset Management S.A. Makes New Investment in Gentherm Incorporated (NASDAQ:THRM)

Assenagon Asset Management S.A. acquired a new position in shares of Gentherm Incorporated (NASDAQ:THRM - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 57,098 shares of the auto parts company's stock, valued at approximately $2,658,000. Assenagon Asset Management S.A. owned about 0.18% of Gentherm at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of THRM. Headlands Technologies LLC lifted its position in shares of Gentherm by 86.1% during the 1st quarter. Headlands Technologies LLC now owns 523 shares of the auto parts company's stock worth $30,000 after buying an additional 242 shares during the last quarter. Palouse Capital Management Inc. acquired a new position in shares of Gentherm in the 2nd quarter valued at $92,000. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Gentherm in the 3rd quarter valued at $208,000. Hsbc Holdings PLC increased its holdings in shares of Gentherm by 3.5% in the 2nd quarter. Hsbc Holdings PLC now owns 6,834 shares of the auto parts company's stock valued at $337,000 after acquiring an additional 229 shares during the period. Finally, Central Pacific Bank Trust Division acquired a new position in shares of Gentherm in the 1st quarter valued at $347,000. Hedge funds and other institutional investors own 97.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. raised shares of Gentherm from an "underweight" rating to a "neutral" rating and set a $56.00 target price on the stock in a report on Monday, October 21st. Craig Hallum cut 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. StockNews.com raised shares of Gentherm from a "hold" rating to a "buy" rating in a report on Friday, August 9th. Finally, Robert W. Baird dropped their price objective on shares of Gentherm from $54.00 to $50.00 and set a "neutral" rating on the stock in a research note on Thursday. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $57.00.

Insider Transactions at Gentherm

In related news, CEO Phillip Eyler sold 4,402 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $50.20, for a total value of $220,980.40. Following the sale, the chief executive officer now directly owns 147,317 shares of the company's stock, valued at approximately $7,395,313.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.91% of the company's stock.

Gentherm Stock Performance

THRM traded down $0.17 during trading on Thursday, hitting $42.03. The stock had a trading volume of 242,225 shares, compared to its average volume of 183,651. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.46 and a current ratio of 2.11. The firm has a market capitalization of $1.32 billion, a P/E ratio of 19.27 and a beta of 1.43. The company's 50-day moving average price is $45.51 and its 200 day moving average price is $49.00. Gentherm Incorporated has a twelve month low of $38.21 and a twelve month high of $62.93.

Gentherm (NASDAQ:THRM - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.09. Gentherm had a net margin of 4.61% and a return on equity of 14.03%. The business had revenue of $371.50 million for the quarter, compared to analysts' expectations of $372.89 million. During the same period in the prior year, the company posted $0.64 EPS. The business's revenue for the quarter was up 1.4% on a year-over-year basis. On average, equities research analysts forecast that Gentherm Incorporated will post 2.81 EPS for the current fiscal 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.