Segall Bryant & Hamill LLC Lowers Position in Gentherm Incorporated (NASDAQ:THRM)

Segall Bryant & Hamill LLC decreased its position in shares of Gentherm Incorporated (NASDAQ:THRM - Free Report) by 6.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 367,482 shares of the auto parts company's stock after selling 24,071 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 1.19% of Gentherm worth $17,106,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of THRM. SG Americas Securities LLC raised its holdings in Gentherm by 1,317.7% in the 2nd quarter. SG Americas Securities LLC now owns 25,590 shares of the auto parts company's stock valued at $1,262,000 after buying an additional 23,785 shares during the last quarter. Raymond James & Associates raised its stake 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 valued at $5,980,000 after acquiring an additional 20,401 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted 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 purchasing an additional 10,402 shares during the period. Quadrature Capital Ltd bought a new stake in shares of Gentherm in the first quarter worth $693,000. Finally, ClariVest Asset Management LLC acquired a new stake in Gentherm in the second quarter valued at $1,227,000. Institutional investors own 97.13% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Craig Hallum lowered their price objective on Gentherm from $85.00 to $65.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. Robert W. Baird dropped their price target on shares of 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 shares of Gentherm from a "hold" rating to a "buy" rating in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. upgraded 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. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $57.00.

Insider Activity

In related news, CEO Phillip Eyler sold 4,402 shares of Gentherm stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $50.20, for a total value of $220,980.40. Following the completion of the sale, the chief executive officer now owns 147,317 shares of the company's stock, valued at approximately $7,395,313.40. This trade represents a 2.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.91% of the company's stock.

Gentherm Stock Up 0.6 %

Shares of NASDAQ THRM opened at $41.66 on Thursday. Gentherm Incorporated has a 12-month low of $39.86 and a 12-month high of $62.93. 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 firm has a market cap of $1.29 billion, a PE ratio of 19.47 and a beta of 1.44. The company's fifty day simple moving average is $44.03 and its 200 day simple moving average is $48.27.

Gentherm (NASDAQ:THRM - Get Free Report) last issued its earnings results on Wednesday, October 30th. The auto parts company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.66 by $0.09. The company had revenue of $371.50 million during the quarter, compared to the consensus estimate of $372.89 million. Gentherm had a return on equity of 14.36% and a net margin of 4.61%. The firm's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the business posted $0.64 EPS. As a group, sell-side analysts forecast that Gentherm Incorporated will post 2.71 earnings per share for the current fiscal year.

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.