Thompson Siegel & Walmsley LLC lessened its stake in Gentherm Inc (NASDAQ:THRM) by 3.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 386,695 shares of the auto parts company’s stock after selling 13,946 shares during the quarter. Thompson Siegel & Walmsley LLC owned approximately 1.05% of Gentherm worth $14,365,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Riverhead Capital Management LLC raised its stake in shares of Gentherm by 70.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,730 shares of the auto parts company’s stock valued at $106,000 after purchasing an additional 1,130 shares in the last quarter. First Bank & Trust raised its stake in shares of Gentherm by 4.3% in the 2nd quarter. First Bank & Trust now owns 3,515 shares of the auto parts company’s stock valued at $137,000 after purchasing an additional 144 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Gentherm by 12.7% in the 2nd quarter. Victory Capital Management Inc. now owns 4,479 shares of the auto parts company’s stock valued at $174,000 after purchasing an additional 504 shares in the last quarter. Forward Management LLC raised its stake in shares of Gentherm by 6.0% in the 2nd quarter. Forward Management LLC now owns 5,409 shares of the auto parts company’s stock valued at $210,000 after purchasing an additional 305 shares in the last quarter. Finally, CWA Asset Management Group LLC raised its stake in shares of Gentherm by 0.7% in the 2nd quarter. CWA Asset Management Group LLC now owns 5,792 shares of the auto parts company’s stock valued at $225,000 after purchasing an additional 42 shares in the last quarter. Institutional investors and hedge funds own 97.90% of the company’s stock.

Gentherm Inc (NASDAQ:THRM) remained flat at $$35.35 during trading on Thursday. 78,600 shares of the company traded hands, compared to its average volume of 218,196. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.23 and a quick ratio of 2.47. The firm has a market capitalization of $1,296.66, a P/E ratio of 19.86, a PEG ratio of 1.08 and a beta of 1.94. Gentherm Inc has a 52 week low of $29.50 and a 52 week high of $40.80.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.33). The company had revenue of $235.85 million during the quarter, compared to the consensus estimate of $235.94 million. Gentherm had a net margin of 6.89% and a return on equity of 12.82%. The company’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the business earned $0.61 earnings per share. analysts expect that Gentherm Inc will post 1.63 earnings per share for the current year.

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THRM has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Gentherm from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. BidaskClub downgraded shares of Gentherm from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. FBR & Co reaffirmed a “buy” rating and set a $45.00 price objective on shares of Gentherm in a research report on Thursday, October 26th. Barrington Research lowered their price objective on shares of Gentherm from $47.00 to $43.00 and set an “outperform” rating for the company in a research report on Friday, July 28th. Finally, TheStreet downgraded shares of Gentherm from a “b-” rating to a “c+” rating in a research report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $40.75.

About Gentherm

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.

Institutional Ownership by Quarter for Gentherm (NASDAQ:THRM)

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