First Hawaiian Bank Makes New $473,000 Investment in Gentherm Incorporated (NASDAQ:THRM)

First Hawaiian Bank purchased a new position in shares of Gentherm Incorporated (NASDAQ:THRM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 9,590 shares of the auto parts company’s stock, valued at approximately $473,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC grew its position in Gentherm by 86.1% during the 1st quarter. Headlands Technologies LLC now owns 523 shares of the auto parts company’s stock worth $30,000 after purchasing an additional 242 shares during the period. Quadrant Capital Group LLC grew its position in shares of Gentherm by 211.4% during the 4th quarter. Quadrant Capital Group LLC now owns 1,149 shares of the auto parts company’s stock valued at $60,000 after acquiring an additional 780 shares during the period. TFO Wealth Partners LLC grew its position in shares of Gentherm by 44,050.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,766 shares of the auto parts company’s stock valued at $92,000 after acquiring an additional 1,762 shares during the period. Handelsbanken Fonder AB grew its position in shares of Gentherm by 9.2% during the 4th quarter. Handelsbanken Fonder AB now owns 5,916 shares of the auto parts company’s stock valued at $310,000 after acquiring an additional 500 shares during the period. Finally, Linden Thomas Advisory Services LLC grew its position in shares of Gentherm by 30.3% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 6,011 shares of the auto parts company’s stock valued at $315,000 after acquiring an additional 1,399 shares during the period. 97.13% of the stock is owned by institutional investors and hedge funds.

Gentherm Price Performance

Gentherm stock traded up $0.60 during midday trading on Tuesday, reaching $50.39. The company had a trading volume of 89,394 shares, compared to its average volume of 174,258. The company has a market capitalization of $1.59 billion, a P/E ratio of 34.25 and a beta of 1.45. Gentherm Incorporated has a 12-month low of $38.21 and a 12-month high of $65.18. The firm’s fifty day simple moving average is $51.23 and its 200-day simple moving average is $51.87. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.11 and a quick ratio of 1.44.

Gentherm (NASDAQ:THRM) last released its earnings results on Wednesday, July 31st. The auto parts company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. Gentherm had a net margin of 4.61% and a return on equity of 14.03%. The business had revenue of $375.70 million for the quarter, compared to analyst estimates of $375.82 million. During the same period last year, the company posted $0.58 EPS. The business’s revenue was up .9% on a year-over-year basis. As a group, equities analysts anticipate that Gentherm Incorporated will post 2.89 EPS for the current year.

Analyst Ratings Changes

THRM has been the topic of a number of analyst reports. Robert W. Baird dropped their target price on Gentherm from $65.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. JPMorgan Chase & Co. dropped their target price on Gentherm from $60.00 to $56.00 and set an “underweight” rating on the stock in a research report on Monday, July 22nd. Finally, StockNews.com cut Gentherm from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $63.50.

Insiders Place Their Bets

In other Gentherm news, CEO Phillip Eyler sold 15,000 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $54.04, for a total value of $810,600.00. Following the completion of the transaction, the chief executive officer now owns 147,317 shares in the company, valued at $7,961,010.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.91% of the company’s stock.

About Gentherm

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.