MQS Management LLC Makes New $240,000 Investment in Gentherm Incorporated (NASDAQ:THRM)

MQS Management LLC acquired a new position in Gentherm Incorporated (NASDAQ:THRM) in the third quarter, Holdings Channel reports. The fund acquired 5,160 shares of the auto parts company’s stock, valued at approximately $240,000.

A number of other institutional investors have also added to or reduced their stakes in THRM. Headlands Technologies LLC grew its position in Gentherm by 86.1% in the 1st quarter. Headlands Technologies LLC now owns 523 shares of the auto parts company’s stock worth $30,000 after purchasing an additional 242 shares in the last quarter. ProShare Advisors LLC boosted its stake in Gentherm by 7.4% in the first quarter. ProShare Advisors LLC now owns 6,610 shares of the auto parts company’s stock valued at $381,000 after acquiring an additional 454 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in Gentherm by 22.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 11,531 shares of the auto parts company’s stock valued at $697,000 after acquiring an additional 2,080 shares during the last quarter. UniSuper Management Pty Ltd purchased a new position in Gentherm in the first quarter valued at about $495,000. Finally, Roubaix Capital LLC purchased a new position in Gentherm in the first quarter valued at about $2,647,000. 97.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on THRM. StockNews.com upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. 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 research note on Monday, October 21st. 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, 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 note on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Gentherm has an average rating of “Hold” and a consensus price target of $57.00.

Insider Buying and Selling

In other news, CEO Phillip Eyler sold 4,402 shares of the 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 transaction, the chief executive officer now owns 147,317 shares of the company’s stock, valued at $7,395,313.40. This represents a 2.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.91% of the stock is currently owned by insiders.

Gentherm Stock Performance

Shares of THRM stock opened at $42.33 on Friday. The stock has a market capitalization of $1.31 billion, a P/E ratio of 19.78 and a beta of 1.44. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34. The firm’s 50 day moving average is $44.25 and its 200 day moving average is $48.50. Gentherm Incorporated has a 12 month low of $39.86 and a 12 month high of $62.93.

Gentherm (NASDAQ:THRM) last posted its earnings results on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The business had revenue of $371.50 million for the quarter, compared to analyst estimates of $372.89 million. Gentherm had a net margin of 4.61% and a return on equity of 14.36%. Gentherm’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.64 EPS. On average, sell-side analysts anticipate that Gentherm Incorporated will post 2.71 earnings per share for the current 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.