Seizert Capital Partners LLC Has $2.20 Million Stock Position in Gentherm Inc (NASDAQ:THRM)

Seizert Capital Partners LLC lifted its stake in Gentherm Inc (NASDAQ:THRM) by 68.7% in the second quarter, HoldingsChannel reports. The firm owned 52,651 shares of the auto parts company’s stock after purchasing an additional 21,435 shares during the period. Seizert Capital Partners LLC’s holdings in Gentherm were worth $2,202,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in THRM. Piedmont Investment Advisors Inc. lifted its stake in Gentherm by 3.0% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 8,553 shares of the auto parts company’s stock worth $315,000 after acquiring an additional 252 shares in the last quarter. Zions Bancorporation N.A. lifted its stake in Gentherm by 6.5% in the 2nd quarter. Zions Bancorporation N.A. now owns 4,553 shares of the auto parts company’s stock worth $190,000 after acquiring an additional 276 shares in the last quarter. Chatham Capital Group Inc. lifted its stake in Gentherm by 0.7% in the 1st quarter. Chatham Capital Group Inc. now owns 45,914 shares of the auto parts company’s stock worth $1,692,000 after acquiring an additional 303 shares in the last quarter. Arizona State Retirement System lifted its stake in Gentherm by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 52,237 shares of the auto parts company’s stock worth $2,185,000 after acquiring an additional 315 shares in the last quarter. Finally, Comerica Bank lifted its stake in Gentherm by 0.7% in the 1st quarter. Comerica Bank now owns 45,223 shares of the auto parts company’s stock worth $1,828,000 after acquiring an additional 325 shares in the last quarter.

Shares of THRM traded down $1.27 during midday trading on Friday, reaching $36.19. 122,890 shares of the stock were exchanged, compared to its average volume of 177,344. Gentherm Inc has a 12-month low of $36.06 and a 12-month high of $50.30. The firm has a 50 day simple moving average of $39.24 and a 200-day simple moving average of $39.96. The company has a quick ratio of 1.65, a current ratio of 2.34 and a debt-to-equity ratio of 0.22. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 17.07 and a beta of 1.33.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Thursday, July 25th. The auto parts company reported $0.47 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.01). Gentherm had a return on equity of 14.49% and a net margin of 2.31%. The firm had revenue of $243.33 million for the quarter, compared to analysts’ expectations of $254.53 million. During the same period last year, the business earned $0.58 earnings per share. The firm’s revenue for the quarter was down 8.7% on a year-over-year basis. Research analysts expect that Gentherm Inc will post 2.1 earnings per share for the current fiscal year.

THRM has been the subject of several research analyst reports. TheStreet downgraded Gentherm from a “b-” rating to a “c+” rating in a research note on Thursday, July 25th. BidaskClub downgraded Gentherm from a “hold” rating to a “sell” rating in a research note on Saturday, August 17th. Argus downgraded Gentherm from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Zacks Investment Research raised Gentherm from a “sell” rating to a “hold” rating in a research note on Thursday, August 15th. Finally, ValuEngine raised Gentherm from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $43.67.

In other news, VP Kenneth John Phillips sold 1,345 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $39.46, for a total transaction of $53,073.70. Following the completion of the sale, the vice president now directly owns 16,069 shares of the company’s stock, valued at approximately $634,082.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Frithjof Oldorff sold 10,230 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $38.79, for a total value of $396,821.70. Following the sale, the insider now directly owns 36,218 shares of the company’s stock, valued at $1,404,896.22. The disclosure for this sale can be found here. Insiders have sold a total of 15,152 shares of company stock valued at $601,489 over the last ninety days. Company insiders own 1.50% of the company’s stock.

Gentherm Company Profile

Gentherm, Inc engages in the design, development, manufacture, and marketing of heating, cooling, and ventilating devices. It operates through the following business segments: Automotive and Industrial.. 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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