Vanguard Group Inc. Sells 58,502 Shares of Gentherm Inc $THRM

Vanguard Group Inc. cut its holdings in Gentherm Inc (NASDAQ:THRM) by 1.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,302,983 shares of the auto parts company’s stock after selling 58,502 shares during the quarter. Vanguard Group Inc. owned approximately 0.11% of Gentherm worth $112,500,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Allworth Financial LP increased its position in shares of Gentherm by 1,609.1% during the second quarter. Allworth Financial LP now owns 940 shares of the auto parts company’s stock worth $27,000 after acquiring an additional 885 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in Gentherm by 16,716.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,009 shares of the auto parts company’s stock worth $29,000 after purchasing an additional 1,003 shares during the period. Nisa Investment Advisors LLC boosted its stake in Gentherm by 295.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,364 shares of the auto parts company’s stock worth $39,000 after purchasing an additional 1,019 shares during the period. PNC Financial Services Group Inc. increased its holdings in Gentherm by 168.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,913 shares of the auto parts company’s stock worth $54,000 after purchasing an additional 1,201 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Gentherm by 232.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,154 shares of the auto parts company’s stock valued at $89,000 after purchasing an additional 2,204 shares during the period. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

THRM has been the topic of a number of recent research reports. Weiss Ratings lowered Gentherm from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 9th. Robert W. Baird lowered their price objective on shares of Gentherm from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, February 20th. Loop Capital set a $38.00 price objective on shares of Gentherm in a research report on Wednesday, February 25th. Stifel Nicolaus began coverage on shares of Gentherm in a research report on Monday, February 23rd. They issued a “buy” rating and a $41.00 target price for the company. Finally, Argus upgraded Gentherm to a “hold” rating in a report on Friday, February 27th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Gentherm currently has an average rating of “Hold” and an average price target of $40.40.

Gentherm Stock Performance

Shares of NASDAQ THRM opened at $30.74 on Thursday. Gentherm Inc has a 12 month low of $22.75 and a 12 month high of $39.48. The stock has a 50 day moving average of $34.84 and a 200-day moving average of $35.49. The company has a current ratio of 1.92, a quick ratio of 1.30 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $938.49 million, a P/E ratio of 50.39 and a beta of 1.31.

Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Thursday, February 19th. The auto parts company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.08). The company had revenue of $382.79 million for the quarter, compared to the consensus estimate of $371.91 million. Gentherm had a return on equity of 10.07% and a net margin of 1.22%.The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period last year, the firm earned $0.29 earnings per share. As a group, equities research analysts predict that Gentherm Inc will post 3.1 EPS for the current year.

Gentherm Profile

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.