Gentherm Incorporated (NASDAQ:THRM) Shares Sold by Connors Investor Services Inc.

Connors Investor Services Inc. decreased its position in Gentherm Incorporated (NASDAQ:THRM) by 3.7% in the second quarter, Holdings Channel reports. The institutional investor owned 33,248 shares of the auto parts company’s stock after selling 1,286 shares during the period. Connors Investor Services Inc.’s holdings in Gentherm were worth $1,640,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in shares of Gentherm by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,146,375 shares of the auto parts company’s stock valued at $56,539,000 after purchasing an additional 37,365 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Gentherm by 0.7% during the second quarter. Envestnet Asset Management Inc. now owns 167,568 shares of the auto parts company’s stock worth $8,264,000 after purchasing an additional 1,201 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Gentherm by 18.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 10,935 shares of the auto parts company’s stock valued at $539,000 after purchasing an additional 1,706 shares during the period. American Century Companies Inc. increased its position in shares of Gentherm by 119.4% in the second quarter. American Century Companies Inc. now owns 259,185 shares of the auto parts company’s stock valued at $12,783,000 after buying an additional 141,047 shares in the last quarter. Finally, ClariVest Asset Management LLC purchased a new stake in shares of Gentherm in the second quarter valued at approximately $1,227,000. Institutional investors and hedge funds own 97.13% of the company’s stock.

Insider Activity

In other Gentherm news, CEO Phillip Eyler sold 15,000 shares of the stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $50.40, for a total transaction of $756,000.00. Following the completion of the sale, the chief executive officer now directly owns 147,317 shares of the company’s stock, valued at approximately $7,424,776.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.91% of the company’s stock.

Gentherm Stock Up 1.2 %

Shares of THRM opened at $48.34 on Tuesday. Gentherm Incorporated has a 1 year low of $38.21 and a 1 year high of $62.93. The stock has a market capitalization of $1.53 billion, a PE ratio of 33.11 and a beta of 1.43. 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 company’s 50-day simple moving average is $49.93 and its 200-day simple moving average is $51.52.

Gentherm (NASDAQ:THRM) last posted its earnings results on Wednesday, July 31st. The auto parts company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.04. The business had revenue of $375.70 million during the quarter, compared to the consensus estimate of $375.82 million. Gentherm had a return on equity of 14.03% and a net margin of 4.61%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the business earned $0.58 EPS. Analysts forecast that Gentherm Incorporated will post 2.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on THRM. JPMorgan Chase & Co. reduced their price objective on shares of Gentherm from $60.00 to $56.00 and set an “underweight” rating for the company in a research report on Monday, July 22nd. Robert W. Baird reduced their price objective on Gentherm from $65.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. Finally, StockNews.com raised Gentherm from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Gentherm has a consensus rating of “Hold” and an average price target of $62.00.

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.