Charles Schwab Investment Management Inc. Raises Holdings in Gentherm Incorporated (NASDAQ:THRM)

Charles Schwab Investment Management Inc. boosted its stake in shares of Gentherm Incorporated (NASDAQ:THRM) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 412,338 shares of the auto parts company’s stock after acquiring an additional 20,600 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.26% of Gentherm worth $21,590,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its stake in shares of Gentherm by 25.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 175,591 shares of the auto parts company’s stock worth $9,194,000 after acquiring an additional 35,854 shares in the last quarter. Bridge City Capital LLC increased its position in shares of Gentherm by 40.6% in the third quarter. Bridge City Capital LLC now owns 40,039 shares of the auto parts company’s stock valued at $2,173,000 after buying an additional 11,555 shares in the last quarter. Trigran Investments Inc. raised its stake in shares of Gentherm by 6.1% during the 3rd quarter. Trigran Investments Inc. now owns 1,704,687 shares of the auto parts company’s stock worth $92,496,000 after buying an additional 97,293 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Gentherm by 127.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 169,381 shares of the auto parts company’s stock valued at $9,191,000 after buying an additional 94,809 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in Gentherm by 107.4% in the 3rd quarter. Hsbc Holdings PLC now owns 10,513 shares of the auto parts company’s stock valued at $576,000 after acquiring an additional 5,443 shares during the period. 97.13% of the stock is owned by institutional investors and hedge funds.

Gentherm Stock Performance

THRM opened at $49.21 on Friday. Gentherm Incorporated has a twelve month low of $38.21 and a twelve month high of $66.54. The firm has a market capitalization of $1.56 billion, a PE ratio of 33.71 and a beta of 1.49. The company has a current ratio of 2.10, a quick ratio of 1.44 and a debt-to-equity ratio of 0.34. The firm’s 50-day moving average price is $52.35 and its 200 day moving average price is $50.80.

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

Insider Buying and Selling at Gentherm

In other news, CEO Phillip Eyler sold 15,000 shares of Gentherm stock in a transaction on Friday, April 5th. The stock was sold at an average price of $55.17, for a total transaction of $827,550.00. Following the transaction, the chief executive officer now owns 147,317 shares in the company, valued at approximately $8,127,478.89. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.91% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

THRM has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Gentherm from $63.00 to $60.00 and set an “underweight” rating on the stock in a report on Monday, April 22nd. Robert W. Baird lowered their price objective on Gentherm from $67.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Finally, StockNews.com raised Gentherm from a “hold” rating to a “buy” rating in a report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Gentherm currently has an average rating of “Hold” and a consensus target price of $65.75.

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.