Inspire Investing LLC Has $403,000 Stake in Gentherm Incorporated (NASDAQ:THRM)

Inspire Investing LLC increased its position in Gentherm Incorporated (NASDAQ:THRM) by 14.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,091 shares of the auto parts company’s stock after buying an additional 1,276 shares during the period. Inspire Investing LLC’s holdings in Gentherm were worth $403,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Nuance Investments LLC bought a new position in shares of Gentherm during the 3rd quarter valued at $16,754,000. Cerity Partners LLC raised its holdings in Gentherm by 880.7% during the third quarter. Cerity Partners LLC now owns 188,683 shares of the auto parts company’s stock valued at $8,783,000 after buying an additional 169,443 shares in the last quarter. Global Alpha Capital Management Ltd. lifted its position in shares of Gentherm by 22.6% in the third quarter. Global Alpha Capital Management Ltd. now owns 632,673 shares of the auto parts company’s stock worth $29,451,000 after buying an additional 116,500 shares during the last quarter. FMR LLC boosted its stake in shares of Gentherm by 26.8% during the 3rd quarter. FMR LLC now owns 507,598 shares of the auto parts company’s stock worth $23,629,000 after acquiring an additional 107,322 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Gentherm during the 3rd quarter valued at about $2,658,000. Institutional investors own 97.13% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on THRM. JPMorgan Chase & Co. upgraded Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price target on the stock in a report on Monday, October 21st. StockNews.com downgraded shares of Gentherm from a “strong-buy” rating to a “buy” rating in a report on Friday. Robert W. Baird decreased their price target 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. Finally, Craig Hallum dropped their price objective on Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st.

Gentherm Price Performance

NASDAQ:THRM opened at $39.67 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.02 and a quick ratio of 1.38. Gentherm Incorporated has a one year low of $37.94 and a one year high of $62.93. The company has a fifty day moving average price of $40.60 and a 200 day moving average price of $44.82. The stock has a market cap of $1.23 billion, a P/E ratio of 18.54 and a beta of 1.42.

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

Insiders Place Their Bets

In related news, SVP Thomas Stocker sold 1,295 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $42.98, for a total value of $55,659.10. Following the completion of the transaction, the senior vice president now directly owns 13,413 shares in the company, valued at approximately $576,490.74. This represents a 8.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Hui (Helen) Xu sold 2,500 shares of Gentherm stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $42.00, for a total transaction of $105,000.00. Following the sale, the senior vice president now owns 18,947 shares in the company, valued at $795,774. This represents a 11.66 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.91% of the company’s stock.

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.