Segall Bryant & Hamill LLC Has $17.11 Million Stake in Gentherm Incorporated (NASDAQ:THRM)

Segall Bryant & Hamill LLC lessened its holdings in shares of Gentherm Incorporated (NASDAQ:THRM) by 6.1% during the 3rd quarter, according to its most recent disclosure with the SEC. 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 owned 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 also recently made changes to their positions in THRM. ProShare Advisors LLC grew its position in shares of Gentherm by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 6,610 shares of the auto parts company’s stock worth $381,000 after buying an additional 454 shares during the period. State Board of Administration of Florida Retirement System increased its position in shares of Gentherm by 22.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,531 shares of the auto parts company’s stock worth $697,000 after purchasing an additional 2,080 shares during the last quarter. UniSuper Management Pty Ltd acquired a new stake in shares of Gentherm in the 1st quarter valued at approximately $495,000. Quadrature Capital Ltd bought a new position in shares of Gentherm in the first quarter valued at $693,000. Finally, Boston Partners increased its holdings in Gentherm by 67.9% during the first quarter. Boston Partners now owns 10,453 shares of the auto parts company’s stock worth $602,000 after buying an additional 4,228 shares during the last quarter. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Gentherm news, CEO Phillip Eyler sold 4,402 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $50.20, for a total transaction of $220,980.40. Following the sale, the chief executive officer now owns 147,317 shares in the company, valued at approximately $7,395,313.40. This trade represents a 2.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.91% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on THRM shares. JPMorgan Chase & Co. upgraded shares of Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price objective for the company in a research report on Monday, October 21st. Craig Hallum decreased 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. StockNews.com upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Finally, Robert W. Baird decreased their price target on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $57.00.

Gentherm Trading Up 0.6 %

NASDAQ:THRM opened at $41.66 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.38 and a current ratio of 2.02. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 19.47 and a beta of 1.44. The firm has a 50-day moving average price of $44.03 and a two-hundred day moving average price of $48.27. Gentherm Incorporated has a 52 week low of $39.86 and a 52 week high of $62.93.

Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.75 EPS 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 analyst estimates of $372.89 million. During the same period last year, the business earned $0.64 earnings per share. Gentherm’s revenue was up 1.4% compared to the same quarter last year. On average, equities analysts expect that Gentherm Incorporated will post 2.71 earnings per share for the current fiscal year.

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.