The Manufacturers Life Insurance Company reduced its stake in shares of Gentherm Inc (NASDAQ:THRM) by 3.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,686 shares of the auto parts company’s stock after selling 1,064 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.08% of Gentherm worth $1,112,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of THRM. Riverhead Capital Management LLC raised its stake in shares of Gentherm by 70.6% during the second 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% during the second 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% during the second 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% during the second 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% during the second 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 95.47% of the company’s stock.

Shares of Gentherm Inc (THRM) opened at $34.27 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.23 and a quick ratio of 2.47. Gentherm Inc has a 1 year low of $29.35 and a 1 year high of $40.80. The company has a market cap of $1,257.22, a PE ratio of 19.26, a price-to-earnings-growth ratio of 1.05 and a beta of 1.94.

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

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A number of brokerages recently weighed in on THRM. TheStreet cut shares of Gentherm from a “b-” rating to a “c+” rating in a research note on Thursday, August 17th. BidaskClub cut shares of Gentherm from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Roth Capital set a $33.00 price objective on shares of Gentherm and gave the company a “hold” rating in a research note on Friday, July 28th. Zacks Investment Research upgraded shares of Gentherm from a “sell” rating to a “hold” rating in a research report on Saturday, November 4th. Finally, Barrington Research dropped their price target on shares of Gentherm from $47.00 to $43.00 and set an “outperform” rating on the stock in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $40.75.

Gentherm Profile

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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