Segall Bryant & Hamill LLC Sells 69,226 Shares of Gentherm Inc $THRM

Segall Bryant & Hamill LLC lessened its position in shares of Gentherm Inc (NASDAQ:THRM) by 7.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 924,089 shares of the auto parts company’s stock after selling 69,226 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Gentherm were worth $25,671,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in Gentherm by 160.3% in the fourth quarter. Farther Finance Advisors LLC now owns 812 shares of the auto parts company’s stock worth $30,000 after purchasing an additional 500 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Gentherm during the 4th quarter valued at about $35,000. Eagle Bay Advisors LLC bought a new position in shares of Gentherm in the 4th quarter worth approximately $50,000. Palladiem LLC bought a new position in shares of Gentherm in the 4th quarter worth approximately $52,000. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Gentherm by 21.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,994 shares of the auto parts company’s stock worth $73,000 after buying an additional 353 shares during the last quarter. Institutional investors own 97.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on THRM. Roth Capital restated a “buy” rating and set a $50.00 target price on shares of Gentherm in a research report on Wednesday. Weiss Ratings upgraded shares of Gentherm from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday. Wall Street Zen lowered Gentherm from a “strong-buy” rating to a “buy” rating in a report on Saturday. JPMorgan Chase & Co. increased their price objective on shares of Gentherm from $41.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Finally, Zacks Research raised Gentherm from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $45.80.

Insider Activity

In other news, SVP Wayne S. Kauffman III sold 4,700 shares of Gentherm stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $43.21, for a total value of $203,087.00. Following the completion of the transaction, the senior vice president owned 27,421 shares in the company, valued at approximately $1,184,861.41. The trade was a 14.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.10% of the stock is owned by insiders.

Gentherm Stock Down 4.2%

Shares of NASDAQ THRM opened at $40.53 on Friday. The company has a current ratio of 2.06, a quick ratio of 1.49 and a debt-to-equity ratio of 0.38. Gentherm Inc has a 12-month low of $27.00 and a 12-month high of $48.35. The firm’s 50-day moving average price is $36.52 and its 200-day moving average price is $33.08. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 46.59 and a beta of 1.38.

Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Thursday, July 23rd. The auto parts company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.56 by $0.19. Gentherm had a return on equity of 12.06% and a net margin of 1.68%.The company had revenue of $404.94 million during the quarter, compared to analyst estimates of $382.90 million. During the same quarter last year, the business posted $0.54 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. On average, equities research analysts anticipate that Gentherm Inc will post 2.92 EPS for the current fiscal year.

Gentherm announced that its Board of Directors has initiated a share repurchase program on Thursday, July 23rd that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the auto parts company to repurchase up to 36.2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Gentherm Company Profile

Gentherm Incorporated (NASDAQ: THRM) is a global developer and supplier of advanced thermal management technologies for automotive, specialty vehicle, medical, consumer and industrial markets. The company’s core focus lies in delivering integrated heating and cooling systems designed to enhance energy efficiency, comfort and safety across a wide range of applications. Gentherm’s product portfolio includes seat thermal systems, heated and ventilated seating surfaces, steering wheel heaters, battery thermal management solutions, and climate systems for electric vehicles.

In the automotive sector, Gentherm partners with leading original equipment manufacturers to engineer and manufacture high-performance thermal solutions that meet stringent industry demands for reduced weight, lower energy consumption and improved passenger comfort.