Fernwood Investment Management LLC Sells 2,000 Shares of Gentherm Incorporated (NASDAQ:THRM)

Fernwood Investment Management LLC decreased its position in Gentherm Incorporated (NASDAQ:THRM) by 20.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,885 shares of the auto parts company’s stock after selling 2,000 shares during the quarter. Fernwood Investment Management LLC’s holdings in Gentherm were worth $413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in THRM. SG Americas Securities LLC bought a new stake in Gentherm in the 3rd quarter worth approximately $404,000. Linden Thomas Advisory Services LLC boosted its holdings in shares of Gentherm by 25.8% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 4,612 shares of the auto parts company’s stock worth $250,000 after purchasing an additional 947 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in shares of Gentherm by 1.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 20,908 shares of the auto parts company’s stock worth $1,134,000 after purchasing an additional 251 shares during the period. Raymond James & Associates boosted its holdings in shares of Gentherm by 0.5% in the 3rd quarter. Raymond James & Associates now owns 104,144 shares of the auto parts company’s stock worth $5,651,000 after purchasing an additional 469 shares during the period. Finally, Eagle Ridge Investment Management boosted its holdings in shares of Gentherm by 5.3% in the 3rd quarter. Eagle Ridge Investment Management now owns 6,272 shares of the auto parts company’s stock worth $340,000 after purchasing an additional 316 shares during the period. Institutional investors own 97.13% of the company’s stock.

Gentherm Trading Down 0.4 %

THRM traded down $0.21 during trading hours on Monday, reaching $50.38. 125,572 shares of the company’s stock traded hands, compared to its average volume of 179,266. The firm has a 50-day moving average price of $54.38 and a 200 day moving average price of $50.53. Gentherm Incorporated has a 52-week low of $38.21 and a 52-week high of $66.54. The company has a quick ratio of 1.48, a current ratio of 2.12 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $1.59 billion, a PE ratio of 40.96 and a beta of 1.49.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Wednesday, February 21st. The auto parts company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.36. The company had revenue of $366.93 million during the quarter, compared to analysts’ expectations of $364.40 million. Gentherm had a return on equity of 12.91% and a net margin of 2.75%. Gentherm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.47 EPS. As a group, sell-side analysts predict that Gentherm Incorporated will post 2.8 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Robert W. Baird lifted their target price on Gentherm from $60.00 to $66.00 and gave the stock a “neutral” rating in a report on Thursday, February 22nd. StockNews.com upgraded Gentherm from a “hold” rating to a “buy” rating in a report on Thursday, February 22nd. Finally, JPMorgan Chase & Co. dropped their price objective on Gentherm from $63.00 to $60.00 and set an “underweight” rating for the company in a report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $66.00.

Insider Buying and Selling at Gentherm

In other Gentherm news, CEO Phillip Eyler sold 15,000 shares of Gentherm stock in a transaction on Friday, April 5th. The stock was sold at an average price of $55.17, for a total transaction of $827,550.00. Following the completion of the sale, the chief executive officer now directly owns 147,317 shares of the company’s stock, valued at approximately $8,127,478.89. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.91% of the stock is currently owned by corporate insiders.

Gentherm Profile

Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.