TD Asset Management Inc. Purchases 1,600 Shares of Gentherm Inc (THRM)

TD Asset Management Inc. increased its position in shares of Gentherm Inc (NASDAQ:THRM) by 3.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 52,024 shares of the auto parts company’s stock after buying an additional 1,600 shares during the period. TD Asset Management Inc. owned about 0.14% of Gentherm worth $1,933,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in THRM. Vanguard Group Inc. increased its stake in Gentherm by 0.5% in the second quarter. Vanguard Group Inc. now owns 3,227,072 shares of the auto parts company’s stock valued at $125,210,000 after purchasing an additional 14,890 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in Gentherm by 11.6% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,391,672 shares of the auto parts company’s stock valued at $88,851,000 after purchasing an additional 247,857 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its stake in Gentherm by 39.3% in the second quarter. Disciplined Growth Investors Inc. MN now owns 1,885,661 shares of the auto parts company’s stock valued at $73,164,000 after purchasing an additional 532,415 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Gentherm by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,470,298 shares of the auto parts company’s stock valued at $57,048,000 after purchasing an additional 14,626 shares during the last quarter. Finally, State Street Corp increased its stake in Gentherm by 3.9% in the second quarter. State Street Corp now owns 848,178 shares of the auto parts company’s stock valued at $32,908,000 after purchasing an additional 32,184 shares during the last quarter. Hedge funds and other institutional investors own 99.28% of the company’s stock.

Gentherm Inc (NASDAQ THRM) opened at $33.40 on Monday. The company has a current ratio of 3.23, a quick ratio of 2.47 and a debt-to-equity ratio of 0.26. The stock has a market cap of $1,225.15, a P/E ratio of 18.76, a PEG ratio of 1.03 and a beta of 1.94. Gentherm Inc has a 1 year low of $29.50 and a 1 year high of $40.80.

Gentherm (NASDAQ:THRM) last announced its earnings results on Thursday, October 26th. The auto parts company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.33). The business had revenue of $235.85 million for the quarter, compared to analysts’ expectations of $235.94 million. Gentherm had a return on equity of 12.82% and a net margin of 6.89%. The business’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the business posted $0.61 earnings per share. research analysts predict that Gentherm Inc will post 1.62 EPS for the current year.

THRM has been the topic of several recent analyst reports. B. Riley reiterated a “buy” rating on shares of Gentherm in a research note on Thursday, November 2nd. FBR & Co reiterated a “buy” rating and issued a $45.00 price target on shares of Gentherm in a research note on Thursday, October 26th. TheStreet lowered shares of Gentherm from a “b-” rating to a “c+” rating in a research note on Thursday, August 17th. Zacks Investment Research upgraded shares of Gentherm from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Finally, ValuEngine lowered shares of Gentherm from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $40.75.

In other news, VP Erin Erwine Ascher sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $35.14, for a total transaction of $70,280.00. Following the transaction, the vice president now directly owns 29,161 shares in the company, valued at $1,024,717.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Maurice Ep Gunderson sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $33.44, for a total transaction of $334,400.00. Following the transaction, the director now owns 26,557 shares in the company, valued at $888,066.08. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

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Gentherm Company Profile

Gentherm Incorporated (Gentherm) is a global technology company engaged in the design, development, and manufacturing of thermal management technologies. The Company has two segments: Automotive and Industrial. Its products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation, patient temperature management, environmental product testing and other consumer and industrial temperature control needs.

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Institutional Ownership by Quarter for Gentherm (NASDAQ:THRM)

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