MeadowBrook Investment Advisors LLC Purchases 260 Shares of Gentherm Incorporated (NASDAQ:THRM)

MeadowBrook Investment Advisors LLC lifted its position in Gentherm Incorporated (NASDAQ:THRM) by 8.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,360 shares of the auto parts company’s stock after purchasing an additional 260 shares during the period. MeadowBrook Investment Advisors LLC’s holdings in Gentherm were worth $156,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Zions Bancorporation N.A. boosted its holdings in Gentherm by 18.3% in the third quarter. Zions Bancorporation N.A. now owns 31,869 shares of the auto parts company’s stock valued at $1,484,000 after acquiring an additional 4,923 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in Gentherm by 23.0% during the third quarter. Oppenheimer Asset Management Inc. now owns 13,451 shares of the auto parts company’s stock valued at $626,000 after buying an additional 2,516 shares during the period. MQS Management LLC purchased a new position in Gentherm during the third quarter valued at $240,000. Assenagon Asset Management S.A. purchased a new position in Gentherm during the third quarter valued at $2,658,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in Gentherm during the third quarter valued at $208,000. Institutional investors own 97.13% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on THRM shares. JPMorgan Chase & Co. raised 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. Robert W. Baird lowered their price target on Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Craig Hallum lowered their price target on Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, StockNews.com raised Gentherm from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $57.00.

Insider Buying and Selling

In related news, CEO Phillip Eyler sold 4,402 shares of Gentherm stock in a transaction dated Wednesday, September 18th. The stock was 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 directly owns 147,317 shares in the company, valued at approximately $7,395,313.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.91% of the stock is owned by corporate insiders.

Gentherm Stock Performance

NASDAQ THRM traded down $0.26 during trading hours on Thursday, hitting $43.54. The company’s stock had a trading volume of 22,513 shares, compared to its average volume of 186,300. Gentherm Incorporated has a 12 month low of $39.86 and a 12 month high of $62.93. The company’s 50 day simple moving average is $44.33 and its two-hundred day simple moving average is $48.53. The company has a market cap of $1.35 billion, a P/E ratio of 20.47 and a beta of 1.44. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.02 and a quick ratio of 1.38.

Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.66 by $0.09. Gentherm had a return on equity of 14.36% and a net margin of 4.61%. The company had revenue of $371.50 million during the quarter, compared to the consensus estimate of $372.89 million. During the same period last year, the company earned $0.64 EPS. Gentherm’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, sell-side analysts expect that Gentherm Incorporated will post 2.71 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.