Bastion Asset Management Inc. Reduces Holdings in Gentherm Inc $THRM

Bastion Asset Management Inc. lowered its position in Gentherm Inc (NASDAQ:THRM) by 61.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 69,619 shares of the auto parts company’s stock after selling 111,900 shares during the period. Gentherm comprises about 1.3% of Bastion Asset Management Inc.’s investment portfolio, making the stock its 27th largest holding. Bastion Asset Management Inc.’s holdings in Gentherm were worth $2,311,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Global Alpha Capital Management Ltd. raised its position in Gentherm by 23.5% in the 2nd quarter. Global Alpha Capital Management Ltd. now owns 1,109,383 shares of the auto parts company’s stock worth $31,384,000 after purchasing an additional 211,300 shares during the period. Qube Research & Technologies Ltd grew its stake in shares of Gentherm by 56.5% during the second quarter. Qube Research & Technologies Ltd now owns 469,097 shares of the auto parts company’s stock valued at $13,271,000 after buying an additional 169,401 shares during the last quarter. Segall Bryant & Hamill LLC grew its stake in shares of Gentherm by 32.3% during the second quarter. Segall Bryant & Hamill LLC now owns 679,879 shares of the auto parts company’s stock valued at $19,234,000 after buying an additional 166,057 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Gentherm by 59.5% in the second quarter. Ameriprise Financial Inc. now owns 444,634 shares of the auto parts company’s stock worth $12,579,000 after buying an additional 165,934 shares during the period. Finally, Kennedy Capital Management LLC bought a new stake in shares of Gentherm during the 2nd quarter worth approximately $3,662,000. Institutional investors own 97.13% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on THRM shares. Robert W. Baird set a $42.00 price objective on Gentherm in a research report on Friday, October 24th. Wall Street Zen raised shares of Gentherm from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. Weiss Ratings cut shares of Gentherm from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 9th. Roth Mkm reiterated a “buy” rating and set a $44.00 price objective on shares of Gentherm in a report on Friday, October 24th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Gentherm from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Gentherm presently has an average rating of “Hold” and a consensus target price of $43.00.

Gentherm Trading Up 1.1%

NASDAQ:THRM opened at $32.21 on Monday. Gentherm Inc has a one year low of $22.75 and a one year high of $39.48. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.33 and a current ratio of 1.96. The firm has a market cap of $983.05 million, a P/E ratio of 32.21 and a beta of 1.34. The firm has a 50-day simple moving average of $36.08 and a 200-day simple moving average of $35.61.

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.