Trigran Investments Inc. Sells 445,093 Shares of Gentherm Inc $THRM

Trigran Investments Inc. lessened its holdings in Gentherm Inc (NASDAQ:THRM) by 20.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,749,467 shares of the auto parts company’s stock after selling 445,093 shares during the quarter. Gentherm makes up about 10.8% of Trigran Investments Inc.’s investment portfolio, making the stock its 2nd largest holding. Trigran Investments Inc. owned about 0.06% of Gentherm worth $59,587,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Gentherm by 5.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,613 shares of the auto parts company’s stock worth $2,904,000 after buying an additional 5,824 shares during the last quarter. Millennium Management LLC lifted its holdings in Gentherm by 93.4% in the first quarter. Millennium Management LLC now owns 155,617 shares of the auto parts company’s stock worth $4,161,000 after acquiring an additional 75,170 shares during the last quarter. Jane Street Group LLC boosted its stake in Gentherm by 389.2% in the first quarter. Jane Street Group LLC now owns 84,403 shares of the auto parts company’s stock valued at $2,257,000 after acquiring an additional 67,150 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Gentherm by 295.4% during the second quarter. Nisa Investment Advisors LLC now owns 1,364 shares of the auto parts company’s stock valued at $39,000 after purchasing an additional 1,019 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its position in shares of Gentherm by 16,716.7% during 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. 97.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on THRM shares. Argus upgraded Gentherm to a “hold” rating in a research report on Friday, February 27th. Weiss Ratings downgraded shares of Gentherm from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 9th. Wall Street Zen lowered shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 21st. Loop Capital set a $38.00 price objective on shares of Gentherm in a research report on Wednesday, February 25th. Finally, Stifel Nicolaus assumed coverage on shares of Gentherm in a research note on Monday, February 23rd. They set a “buy” rating and a $41.00 target price for the company. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $40.40.

Gentherm Stock Performance

Shares of THRM opened at $30.54 on Friday. The firm has a market capitalization of $932.39 million, a PE ratio of 50.07 and a beta of 1.31. The company has a quick ratio of 1.30, a current ratio of 1.92 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $34.71 and a 200 day moving average price of $35.46. Gentherm Inc has a 52-week low of $22.75 and a 52-week high of $39.48.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Thursday, February 19th. The auto parts company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.08). The company had revenue of $382.79 million during the quarter, compared to analyst estimates of $371.91 million. Gentherm had a return on equity of 10.07% and a net margin of 1.22%.The company’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.29 earnings per share. On average, sell-side analysts anticipate that Gentherm Inc will post 3.1 earnings per share for the current fiscal 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.