Rockefeller Capital Management L.P. Increases Holdings in Gentherm Incorporated (NASDAQ:THRM)

Rockefeller Capital Management L.P. increased its position in Gentherm Incorporated (NASDAQ:THRM) by 9.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 443,715 shares of the auto parts company’s stock after buying an additional 37,215 shares during the quarter. Rockefeller Capital Management L.P. owned 1.43% of Gentherm worth $20,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of THRM. Hsbc Holdings PLC increased its stake in shares of Gentherm by 3.5% during the second quarter. Hsbc Holdings PLC now owns 6,834 shares of the auto parts company’s stock valued at $337,000 after buying an additional 229 shares during the period. MeadowBrook Investment Advisors LLC raised its holdings in Gentherm by 8.4% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock worth $156,000 after purchasing an additional 260 shares in the last quarter. Guinness Atkinson Asset Management Inc lifted its position in shares of Gentherm by 3.2% in the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 17,929 shares of the auto parts company’s stock worth $835,000 after purchasing an additional 553 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Gentherm by 7.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,923 shares of the auto parts company’s stock valued at $391,000 after purchasing an additional 581 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Gentherm by 0.6% during the second quarter. Victory Capital Management Inc. now owns 93,462 shares of the auto parts company’s stock valued at $4,610,000 after buying an additional 596 shares during the period. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Insider Buying and Selling

In related news, CEO Phillip Eyler sold 4,402 shares of the business’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 value of $220,980.40. Following the completion of the transaction, the chief executive officer now directly owns 147,317 shares in the company, valued at $7,395,313.40. The trade was a 2.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.91% of the stock is currently owned by company insiders.

Gentherm Price Performance

THRM stock opened at $42.10 on Monday. 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 50 day moving average price of $43.10 and a 200-day moving average price of $47.78. Gentherm Incorporated has a 52-week low of $39.86 and a 52-week high of $62.93. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 19.67 and a beta of 1.44.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. Gentherm had a return on equity of 14.36% and a net margin of 4.61%. The business had revenue of $371.50 million during the quarter, compared to analysts’ expectations of $372.89 million. During the same quarter in the previous year, the business earned $0.64 earnings per share. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. Equities research analysts forecast that Gentherm Incorporated will post 2.71 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on THRM. Robert W. Baird lowered their price objective on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. StockNews.com upgraded Gentherm from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. JPMorgan Chase & Co. raised Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price target on the stock in a research note on Monday, October 21st. Finally, Craig Hallum lowered their price objective on Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $57.00.

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.