Inspire Investing LLC Trims Stock Position in Gentherm Incorporated (NASDAQ:THRM)

Inspire Investing LLC cut its holdings in shares of Gentherm Incorporated (NASDAQ:THRM) by 14.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,259 shares of the auto parts company’s stock after selling 1,033 shares during the quarter. Inspire Investing LLC’s holdings in Gentherm were worth $360,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in THRM. Susquehanna Fundamental Investments LLC acquired a new stake in Gentherm during the first quarter worth about $1,089,000. Texas Permanent School Fund Corp grew its stake in shares of Gentherm by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 28,703 shares of the auto parts company’s stock valued at $1,653,000 after buying an additional 372 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of Gentherm in the first quarter valued at about $347,000. Allspring Global Investments Holdings LLC grew its stake in shares of Gentherm by 2,995.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 268,920 shares of the auto parts company’s stock valued at $15,484,000 after buying an additional 260,233 shares in the last quarter. Finally, Raymond James & Associates grew its stake in shares of Gentherm by 12.4% in the first quarter. Raymond James & Associates now owns 109,156 shares of the auto parts company’s stock valued at $6,285,000 after buying an additional 12,082 shares in the last quarter. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

Gentherm Price Performance

Shares of NASDAQ THRM opened at $53.44 on Wednesday. Gentherm Incorporated has a fifty-two week low of $38.21 and a fifty-two week high of $66.54. The business has a 50 day moving average price of $50.91 and a two-hundred day moving average price of $51.68. The company has a quick ratio of 1.44, a current ratio of 2.10 and a debt-to-equity ratio of 0.34. The firm has a market cap of $1.69 billion, a PE ratio of 36.77 and a beta of 1.46.

Gentherm (NASDAQ:THRM) last released its earnings results on Tuesday, April 30th. The auto parts company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.19. Gentherm had a return on equity of 13.56% and a net margin of 3.23%. The company had revenue of $356.00 million for the quarter, compared to the consensus estimate of $361.11 million. During the same quarter last year, the business posted $0.49 EPS. Gentherm’s quarterly revenue was down 2.1% compared to the same quarter last year. Sell-side analysts expect that Gentherm Incorporated will post 2.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Gentherm news, CEO Phillip Eyler sold 15,000 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $54.04, for a total transaction of $810,600.00. Following the transaction, the chief executive officer now owns 147,317 shares of the company’s stock, valued at approximately $7,961,010.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold a total of 45,000 shares of company stock valued at $2,338,650 in the last quarter. Insiders own 1.91% of the company’s stock.

Analyst Upgrades and Downgrades

THRM has been the subject of a number of recent research reports. Robert W. Baird lowered their target price on Gentherm from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Friday, July 12th. JPMorgan Chase & Co. lowered their target price on Gentherm from $63.00 to $60.00 and set an “underweight” rating for the company in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $64.50.

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.