Bridge City Capital LLC Has $3.52 Million Stock Position in Gentherm Incorporated (NASDAQ:THRM)

Bridge City Capital LLC reduced its stake in shares of Gentherm Incorporated (NASDAQ:THRM) by 3.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 49,523 shares of the auto parts company’s stock after selling 1,709 shares during the quarter. Bridge City Capital LLC owned approximately 0.15% of Gentherm worth $3,519,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of THRM. GW&K Investment Management LLC acquired a new stake in shares of Gentherm during the first quarter worth approximately $22,195,000. BlackRock Inc. boosted its holdings in shares of Gentherm by 4.9% during the first quarter. BlackRock Inc. now owns 5,195,367 shares of the auto parts company’s stock worth $385,028,000 after purchasing an additional 241,805 shares during the period. Loomis Sayles & Co. L P boosted its holdings in shares of Gentherm by 38.2% during the first quarter. Loomis Sayles & Co. L P now owns 543,108 shares of the auto parts company’s stock worth $40,249,000 after purchasing an additional 150,230 shares during the period. Lord Abbett & CO. LLC boosted its holdings in shares of Gentherm by 108.9% during the first quarter. Lord Abbett & CO. LLC now owns 234,187 shares of the auto parts company’s stock worth $17,356,000 after purchasing an additional 122,108 shares during the period. Finally, Lisanti Capital Growth LLC acquired a new stake in shares of Gentherm during the first quarter worth approximately $7,330,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

In other news, VP Yijing Brentano sold 1,644 shares of Gentherm stock in a transaction that occurred on Thursday, July 29th. The shares were sold at an average price of $80.00, for a total value of $131,520.00. Following the transaction, the vice president now owns 10,211 shares of the company’s stock, valued at $816,880. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Paul Cameron Giberson sold 841 shares of Gentherm stock in a transaction that occurred on Thursday, July 29th. The shares were sold at an average price of $81.98, for a total transaction of $68,945.18. The disclosure for this sale can be found here. In the last three months, insiders sold 2,770 shares of company stock worth $224,146. Insiders own 0.82% of the company’s stock.

Several research firms recently commented on THRM. Roth Capital raised their price target on shares of Gentherm from $85.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, July 30th. Craig Hallum raised shares of Gentherm from a “hold” rating to a “buy” rating and raised their price objective for the company from $70.00 to $110.00 in a research report on Friday, July 30th. Finally, Zacks Investment Research lowered shares of Gentherm from a “buy” rating to a “hold” rating in a research report on Wednesday, August 4th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $88.75.

THRM traded down $0.48 during midday trading on Tuesday, hitting $78.44. 348 shares of the company’s stock traded hands, compared to its average volume of 157,963. The company has a market cap of $2.60 billion, a PE ratio of 22.68 and a beta of 1.49. The stock’s fifty day simple moving average is $80.19 and its 200-day simple moving average is $75.61. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.70 and a quick ratio of 2.03. Gentherm Incorporated has a one year low of $38.99 and a one year high of $88.99.

Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Thursday, July 29th. The auto parts company reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.16. Gentherm had a net margin of 10.50% and a return on equity of 22.38%. On average, research analysts expect that Gentherm Incorporated will post 3.94 EPS for the current year.

About Gentherm

Gentherm, Inc engages in the designing, development, manufacturing, and marketing of heating, cooling, and ventilating devices. It operates through the following business segments: Automotive and Medical. The Automotive segment designs, develops, produces, and sells automotive seat comfort systems, specialized automotive cable systems, and automotive and non-automotive thermal convenience products.

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Institutional Ownership by Quarter for Gentherm (NASDAQ:THRM)

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