Chatham Capital Group Inc. Acquires 5,010 Shares of Gentherm Incorporated (NASDAQ:THRM)

Chatham Capital Group Inc. raised its holdings in Gentherm Incorporated (NASDAQ:THRM) by 12.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 46,809 shares of the auto parts company’s stock after acquiring an additional 5,010 shares during the quarter. Chatham Capital Group Inc. owned approximately 0.15% of Gentherm worth $2,695,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bouvel Investment Partners LLC increased its stake in Gentherm by 2.8% in the 1st quarter. Bouvel Investment Partners LLC now owns 27,871 shares of the auto parts company’s stock worth $1,605,000 after buying an additional 747 shares during the period. Bridge City Capital LLC raised its stake in shares of Gentherm by 0.8% during the first quarter. Bridge City Capital LLC now owns 56,156 shares of the auto parts company’s stock valued at $3,233,000 after acquiring an additional 443 shares in the last quarter. Moody National Bank Trust Division boosted its holdings in shares of Gentherm by 28.7% in the first quarter. Moody National Bank Trust Division now owns 10,473 shares of the auto parts company’s stock valued at $603,000 after purchasing an additional 2,337 shares during the period. Vanguard Group Inc. grew its stake in Gentherm by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 3,651,904 shares of the auto parts company’s stock worth $191,214,000 after purchasing an additional 16,513 shares in the last quarter. Finally, Granahan Investment Management LLC increased its holdings in Gentherm by 61.2% during the 4th quarter. Granahan Investment Management LLC now owns 412,971 shares of the auto parts company’s stock worth $21,623,000 after purchasing an additional 156,842 shares during the period. 97.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Phillip Eyler sold 15,000 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $51.47, for a total transaction of $772,050.00. Following the transaction, the chief executive officer now directly owns 147,317 shares of the company’s stock, valued at approximately $7,582,405.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 45,000 shares of company stock worth $2,410,200 in the last three months. 1.91% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on THRM shares. Robert W. Baird dropped their price target on Gentherm from $67.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. JPMorgan Chase & Co. reduced their price target on shares of Gentherm from $63.00 to $60.00 and set an “underweight” rating for the company in a report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Gentherm currently has a consensus rating of “Hold” and a consensus target price of $65.75.

Gentherm Stock Up 0.5 %

Shares of NASDAQ THRM traded up $0.25 during mid-day trading on Friday, reaching $49.32. 225,883 shares of the company were exchanged, compared to its average volume of 187,616. The company has a quick ratio of 1.44, a current ratio of 2.10 and a debt-to-equity ratio of 0.34. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 33.78 and a beta of 1.48. Gentherm Incorporated has a 1 year low of $38.21 and a 1 year high of $66.54. The firm has a 50-day moving average of $51.10 and a 200 day moving average of $51.83.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Tuesday, April 30th. The auto parts company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.19. The firm had revenue of $356.00 million during the quarter, compared to analysts’ expectations of $361.11 million. Gentherm had a return on equity of 13.56% and a net margin of 3.23%. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 EPS. On average, research analysts expect that Gentherm Incorporated will post 2.94 earnings per share for the current year.

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.