WINTON GROUP Ltd purchased a new position in Gentherm Inc (NASDAQ:THRM) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 88,709 shares of the auto parts company’s stock, valued at approximately $3,486,000. WINTON GROUP Ltd owned approximately 0.24% of Gentherm as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in THRM. SG Americas Securities LLC bought a new stake in shares of Gentherm in the 1st quarter worth about $112,000. grace capital bought a new stake in shares of Gentherm in the 2nd quarter worth about $157,000. Zions Bancorporation increased its holdings in shares of Gentherm by 55.2% in the 2nd quarter. Zions Bancorporation now owns 4,275 shares of the auto parts company’s stock worth $168,000 after buying an additional 1,520 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Gentherm by 59.0% in the 2nd quarter. Sei Investments Co. now owns 4,915 shares of the auto parts company’s stock worth $193,000 after buying an additional 1,824 shares during the last quarter. Finally, First Mercantile Trust Co. increased its holdings in shares of Gentherm by 634.3% in the 2nd quarter. First Mercantile Trust Co. now owns 5,140 shares of the auto parts company’s stock worth $202,000 after buying an additional 4,440 shares during the last quarter. Institutional investors and hedge funds own 98.73% of the company’s stock.

A number of analysts have recently weighed in on THRM shares. BidaskClub upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a report on Thursday, June 7th. Longbow Research restated a “sell” rating and issued a $26.00 target price on shares of Gentherm in a report on Thursday, June 14th. B. Riley boosted their target price on shares of Gentherm from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, June 26th. Barrington Research boosted their target price on shares of Gentherm from $43.00 to $50.00 and gave the stock an “outperform” rating in a report on Tuesday, June 26th. Finally, Roth Capital boosted their target price on shares of Gentherm from $32.00 to $37.00 and gave the stock a “neutral” rating in a report on Wednesday, June 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $44.09.

In related news, CFO Barry G. Steele sold 50,000 shares of the company’s stock in a transaction dated Thursday, July 5th. The shares were sold at an average price of $40.00, for a total transaction of $2,000,000.00. Following the transaction, the chief financial officer now directly owns 88,234 shares in the company, valued at approximately $3,529,360. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kenneth John Phillips sold 17,619 shares of the company’s stock in a transaction dated Wednesday, June 27th. The shares were sold at an average price of $39.09, for a total transaction of $688,726.71. Following the transaction, the vice president now owns 31,198 shares in the company, valued at $1,219,529.82. The disclosure for this sale can be found here. Insiders have sold a total of 137,619 shares of company stock worth $5,822,627 over the last quarter. 3.10% of the stock is currently owned by insiders.

Shares of NASDAQ:THRM opened at $46.70 on Tuesday. The stock has a market cap of $1.78 billion, a P/E ratio of 20.22 and a beta of 1.63. Gentherm Inc has a 12 month low of $30.17 and a 12 month high of $50.30. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.91 and a current ratio of 2.60.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Thursday, July 26th. The auto parts company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.52 by $0.06. The company had revenue of $263.78 million for the quarter, compared to the consensus estimate of $264.18 million. Gentherm had a net margin of 3.04% and a return on equity of 11.97%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 EPS. equities analysts forecast that Gentherm Inc will post 2.34 EPS for the current year.

Gentherm Company Profile

Gentherm Incorporated designs, develops, and manufactures thermal management technologies in North America, Europe, and Asia. The company operates through two segments, Automotive and Industrial. The Automotive segment offers automotive seat comfort systems, including seat heaters, variable temperature climate control seats that are designed to provide individualized thermal comfort to automobile passengers; and integrated electronic components, such as blowers and electronic control units.

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Institutional Ownership by Quarter for Gentherm (NASDAQ:THRM)

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