Segall Bryant & Hamill LLC Reduces Holdings in Gentherm Incorporated (NASDAQ:THRM)

Segall Bryant & Hamill LLC lowered its position in Gentherm Incorporated (NASDAQ:THRM) by 6.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 367,482 shares of the auto parts company’s stock after selling 24,071 shares during the period. Segall Bryant & Hamill LLC’s holdings in Gentherm were worth $17,106,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Gladius Capital Management LP purchased a new stake in Gentherm in the 3rd quarter worth about $44,000. Headlands Technologies LLC raised its holdings in shares of Gentherm by 134.0% in the second quarter. Headlands Technologies LLC now owns 1,224 shares of the auto parts company’s stock worth $60,000 after buying an additional 701 shares during the period. Palouse Capital Management Inc. bought a new stake in shares of Gentherm during the 2nd quarter worth approximately $92,000. MeadowBrook Investment Advisors LLC boosted its holdings in Gentherm by 8.4% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock valued at $156,000 after acquiring an additional 260 shares during the period. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in Gentherm during the 3rd quarter valued at $208,000. Institutional investors own 97.13% of the company’s stock.

Wall Street Analyst Weigh In

THRM has been the subject of several research analyst reports. Robert W. Baird decreased their target price on Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. StockNews.com upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a report on Friday, August 9th. 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 research note on Thursday, October 31st. Finally, 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 note on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $57.00.

Gentherm Trading Up 0.6 %

Shares of NASDAQ:THRM opened at $41.66 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.02 and a quick ratio of 1.38. The firm has a market capitalization of $1.29 billion, a P/E ratio of 19.47 and a beta of 1.44. The business’s 50-day moving average is $44.03 and its 200 day moving average is $48.27. Gentherm Incorporated has a 1 year low of $39.86 and a 1 year high of $62.93.

Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. Gentherm had a net margin of 4.61% and a return on equity of 14.36%. The company had revenue of $371.50 million during the quarter, compared to analysts’ expectations of $372.89 million. During the same quarter in the previous year, the company earned $0.64 earnings per share. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, research analysts predict that Gentherm Incorporated will post 2.71 earnings per share for the current fiscal year.

Insider Transactions at Gentherm

In other news, CEO Phillip Eyler sold 4,402 shares of Gentherm stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $50.20, for a total transaction of $220,980.40. Following the transaction, the chief executive officer now owns 147,317 shares in the company, valued at $7,395,313.40. The trade was a 2.90 % decrease in their position. The transaction 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 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.