SG Americas Securities LLC Acquires 58,935 Shares of Gentherm Inc (THRM)

SG Americas Securities LLC raised its holdings in Gentherm Inc (NASDAQ:THRM) by 1,834.3% during the third quarter, HoldingsChannel.com reports. The firm owned 62,148 shares of the auto parts company’s stock after buying an additional 58,935 shares during the period. SG Americas Securities LLC’s holdings in Gentherm were worth $2,825,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. increased its position in shares of Gentherm by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 281,155 shares of the auto parts company’s stock valued at $9,545,000 after acquiring an additional 6,666 shares during the period. Bank of Montreal Can acquired a new position in shares of Gentherm in the 2nd quarter valued at $1,437,000. Amalgamated Bank acquired a new position in shares of Gentherm in the 2nd quarter valued at $212,000. BTIM Corp. acquired a new position in shares of Gentherm in the 2nd quarter valued at $8,791,000. Finally, First Mercantile Trust Co. increased its position 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 valued at $202,000 after acquiring an additional 4,440 shares during the period.

THRM has been the topic of several research reports. Barrington Research set a $50.00 target price on Gentherm and gave the company a “buy” rating in a research report on Monday, October 22nd. BidaskClub downgraded Gentherm from a “hold” rating to a “sell” rating in a research report on Friday, October 19th. ValuEngine downgraded Gentherm from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Zacks Investment Research raised Gentherm from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. Finally, BMO Capital Markets upped their target price on Gentherm from $46.00 to $53.00 and gave the company an “outperform” rating in a research report on Tuesday, July 31st. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $44.20.

Shares of THRM opened at $44.29 on Monday. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 19.17 and a beta of 1.38. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.94 and a current ratio of 2.55. Gentherm Inc has a fifty-two week low of $30.17 and a fifty-two week high of $50.30.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings results on Thursday, October 25th. The auto parts company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.05). The company had revenue of $258.94 million for the quarter, compared to analyst estimates of $261.61 million. Gentherm had a return on equity of 14.28% and a net margin of 2.31%. On average, analysts expect that Gentherm Inc will post 2.22 EPS for the current year.

In other Gentherm news, insider Frithjof Oldorff sold 20,000 shares of the stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $49.15, for a total transaction of $983,000.00. Following the sale, the insider now directly owns 57,442 shares of the company’s stock, valued at approximately $2,823,274.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.10% of the stock is currently owned by company insiders.

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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.

Further Reading: Buyback

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Institutional Ownership by Quarter for Gentherm (NASDAQ:THRM)

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