Nuance Investments LLC Takes Position in Gentherm Incorporated (NASDAQ:THRM)

Nuance Investments LLC acquired a new position in Gentherm Incorporated (NASDAQ:THRM) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 359,924 shares of the auto parts company’s stock, valued at approximately $16,754,000. Nuance Investments LLC owned 1.16% of Gentherm as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Gladius Capital Management LP bought a new stake in Gentherm in the 3rd quarter valued at $44,000. Headlands Technologies LLC increased its holdings in Gentherm by 134.0% in the 2nd quarter. Headlands Technologies LLC now owns 1,224 shares of the auto parts company’s stock worth $60,000 after purchasing an additional 701 shares in the last quarter. Palouse Capital Management Inc. bought a new position in Gentherm in the second quarter valued at about $92,000. MeadowBrook Investment Advisors LLC grew 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 worth $156,000 after acquiring an additional 260 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new position in Gentherm during the 3rd quarter worth $208,000. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in 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. Craig Hallum cut their price target on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. StockNews.com raised shares of Gentherm from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Finally, Robert W. Baird reduced their target price on Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Gentherm currently has a consensus rating of “Hold” and a consensus price target of $57.00.

Gentherm Stock Performance

Shares of THRM opened at $41.43 on Wednesday. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average price is $44.09 and its 200-day moving average price is $48.34. Gentherm Incorporated has a 52 week low of $39.86 and a 52 week high of $62.93. The stock has a market cap of $1.28 billion, a P/E ratio of 19.36 and a beta of 1.44.

Gentherm (NASDAQ:THRM) last issued 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 for the quarter, compared to the consensus estimate of $372.89 million. During the same quarter in the prior year, the firm earned $0.64 earnings per share. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. Equities research analysts anticipate that Gentherm Incorporated will post 2.71 earnings per share for the current fiscal year.

Insider Activity at Gentherm

In related news, CEO Phillip Eyler sold 4,402 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $50.20, for a total transaction of $220,980.40. Following the transaction, the chief executive officer now directly owns 147,317 shares in the company, valued at approximately $7,395,313.40. This represents a 2.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.91% of the stock is owned by corporate insiders.

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.