Sei Investments Co. Has $2.96 Million Holdings in Gentherm Inc $THRM

Sei Investments Co. raised its holdings in Gentherm Inc (NASDAQ:THRM) by 33.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 106,580 shares of the auto parts company’s stock after acquiring an additional 26,784 shares during the period. Sei Investments Co. owned about 0.35% of Gentherm worth $2,961,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of THRM. Farther Finance Advisors LLC lifted its holdings in shares of Gentherm by 160.3% in the fourth quarter. Farther Finance Advisors LLC now owns 812 shares of the auto parts company’s stock worth $30,000 after acquiring an additional 500 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Gentherm during the 4th quarter valued at approximately $35,000. Eagle Bay Advisors LLC acquired a new position in Gentherm during the 4th quarter worth approximately $50,000. Palladiem LLC acquired a new position in Gentherm during the 4th quarter worth approximately $52,000. Finally, Tower Research Capital LLC TRC increased its position in Gentherm by 232.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,154 shares of the auto parts company’s stock worth $89,000 after purchasing an additional 2,204 shares in the last quarter. Institutional investors and hedge funds own 97.13% of the company’s stock.

Insider Activity

In related news, SVP Wayne S. Kauffman III sold 4,700 shares of Gentherm stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $43.21, for a total value of $203,087.00. Following the transaction, the senior vice president directly owned 27,421 shares of the company’s stock, valued at $1,184,861.41. The trade was a 14.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is owned by company insiders.

Gentherm Stock Performance

Shares of Gentherm stock opened at $41.26 on Friday. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 47.43 and a beta of 1.35. Gentherm Inc has a twelve month low of $27.00 and a twelve month high of $48.35. The company’s fifty day moving average is $37.26 and its 200 day moving average is $33.21. The company has a quick ratio of 1.49, a current ratio of 2.06 and a debt-to-equity ratio of 0.38.

Gentherm (NASDAQ:THRM) last announced its earnings results on Thursday, July 23rd. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.19. Gentherm had a return on equity of 12.06% and a net margin of 1.68%.The business had revenue of $404.94 million during the quarter, compared to analyst estimates of $382.90 million. During the same period last year, the company earned $0.54 EPS. Gentherm’s revenue for the quarter was up 11.0% compared to the same quarter last year. Sell-side analysts forecast that Gentherm Inc will post 2.92 EPS for the current year.

Gentherm announced that its board has approved a share buyback plan on Thursday, July 23rd that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the auto parts company to repurchase up to 36.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Robert W. Baird raised their target price on shares of Gentherm from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. upped their price target on shares of Gentherm from $41.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Freedom Capital downgraded Gentherm from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. Weiss Ratings raised Gentherm from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 29th. Finally, Roth Capital restated a “buy” rating and set a $50.00 price objective on shares of Gentherm in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Gentherm currently has an average rating of “Moderate Buy” and an average price target of $45.80.

About Gentherm

Gentherm Incorporated (NASDAQ: THRM) is a global developer and supplier of advanced thermal management technologies for automotive, specialty vehicle, medical, consumer and industrial markets. The company’s core focus lies in delivering integrated heating and cooling systems designed to enhance energy efficiency, comfort and safety across a wide range of applications. Gentherm’s product portfolio includes seat thermal systems, heated and ventilated seating surfaces, steering wheel heaters, battery thermal management solutions, and climate systems for electric vehicles.

In the automotive sector, Gentherm partners with leading original equipment manufacturers to engineer and manufacture high-performance thermal solutions that meet stringent industry demands for reduced weight, lower energy consumption and improved passenger comfort.