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

Rockefeller Capital Management L.P. increased its stake in Gentherm Incorporated (NASDAQ:THRM) by 9.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 443,715 shares of the auto parts company’s stock after purchasing an additional 37,215 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Gentherm were worth $20,659,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in THRM. Gladius Capital Management LP bought a new stake in shares of Gentherm during the 3rd quarter valued at about $44,000. Headlands Technologies LLC grew its position in Gentherm by 134.0% during the second quarter. Headlands Technologies LLC now owns 1,224 shares of the auto parts company’s stock valued at $60,000 after buying an additional 701 shares during the period. Palouse Capital Management Inc. purchased a new stake in Gentherm during the second quarter valued at approximately $92,000. MeadowBrook Investment Advisors LLC raised its position in Gentherm by 8.4% in the third 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 period. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in shares of Gentherm during the 3rd quarter worth $208,000. Institutional investors own 97.13% of the company’s stock.

Gentherm Stock Performance

NASDAQ:THRM opened at $42.10 on Monday. The stock has a 50-day moving average price of $43.10 and a 200 day moving average price of $47.78. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34. Gentherm Incorporated has a 12-month low of $39.86 and a 12-month high of $62.93. The stock has a market capitalization of $1.30 billion, a P/E ratio of 19.67 and a beta of 1.44.

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

Wall Street Analyst Weigh In

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

Insider Activity

In related news, CEO Phillip Eyler sold 4,402 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $50.20, for a total transaction of $220,980.40. Following the completion of the transaction, the chief executive officer now directly owns 147,317 shares of the company’s stock, valued at approximately $7,395,313.40. This represents a 2.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.91% of the company’s stock.

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.