First Bank & Trust increased its stake in Gentherm Inc (NASDAQ:THRM) by 4.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,515 shares of the auto parts company’s stock after buying an additional 144 shares during the period. First Bank & Trust’s holdings in Gentherm were worth $137,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of THRM. Ameritas Investment Partners Inc. bought a new position in Gentherm during the first quarter valued at approximately $124,000. Victory Capital Management Inc. increased its position in Gentherm by 17.8% in the first quarter. Victory Capital Management Inc. now owns 3,975 shares of the auto parts company’s stock valued at $156,000 after buying an additional 602 shares during the period. State of Alaska Department of Revenue increased its position in Gentherm by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 4,040 shares of the auto parts company’s stock valued at $158,000 after buying an additional 90 shares during the period. Forward Management LLC increased its position in Gentherm by 5.0% in the first quarter. Forward Management LLC now owns 5,104 shares of the auto parts company’s stock valued at $201,000 after buying an additional 245 shares during the period. Finally, Cim Investment Mangement Inc. bought a new position in Gentherm during the first quarter valued at approximately $202,000. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Gentherm Inc (THRM) opened at 31.35 on Tuesday. Gentherm Inc has a 52-week low of $26.60 and a 52-week high of $40.80. The stock has a market cap of $1.15 billion, a PE ratio of 14.39 and a beta of 1.93. The company’s 50 day moving average price is $38.45 and its 200 day moving average price is $37.04.

Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Thursday, July 27th. The auto parts company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by $0.38. The business had revenue of $243.40 million during the quarter, compared to analyst estimates of $244.48 million. Gentherm had a return on equity of 16.34% and a net margin of 8.34%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.59 EPS. On average, analysts anticipate that Gentherm Inc will post $2.00 earnings per share for the current year.

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THRM has been the topic of several recent research reports. BidaskClub downgraded Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Zacks Investment Research raised Gentherm from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Friday, July 7th. ValuEngine cut Gentherm from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Craig Hallum cut Gentherm from a “buy” rating to a “hold” rating and cut their target price for the stock from $44.00 to $38.00 in a research report on Friday, July 28th. Finally, Roth Capital set a $33.00 target price on Gentherm and gave the stock a “hold” rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. Gentherm has a consensus rating of “Hold” and an average target price of $40.75.

In related news, VP Erin Erwine Ascher sold 1,800 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $39.17, for a total value of $70,506.00. Following the completion of the transaction, the vice president now owns 23,839 shares of the company’s stock, valued at approximately $933,773.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.30% of the company’s stock.

Gentherm Company Profile

Gentherm Incorporated (Gentherm) is a global technology company engaged in the design, development, and manufacturing of thermal management technologies. The Company has two segments: Automotive and Industrial. Its products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation, patient temperature management, environmental product testing and other consumer and industrial temperature control needs.

Institutional Ownership by Quarter for Gentherm (NASDAQ:THRM)

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