Gentherm Inc (THRM) Shares Sold by Capstone Asset Management Co.
Capstone Asset Management Co. cut its position in Gentherm Inc (NASDAQ:THRM) by 9.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 7,000 shares of the auto parts company’s stock after selling 720 shares during the period. Capstone Asset Management Co.’s holdings in Gentherm were worth $272,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Ameritas Investment Partners Inc. acquired a new position in Gentherm during the first quarter worth approximately $124,000. First Bank & Trust boosted its stake in shares of Gentherm by 5.2% in the first quarter. First Bank & Trust now owns 3,371 shares of the auto parts company’s stock valued at $132,000 after buying an additional 166 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Gentherm by 17.8% in the first quarter. Victory Capital Management Inc. now owns 3,975 shares of the auto parts company’s stock valued at $156,000 after buying an additional 602 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Gentherm by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 4,040 shares of the auto parts company’s stock valued at $158,000 after buying an additional 90 shares during the period. Finally, Forward Management LLC boosted its stake in shares of Gentherm by 5.0% in the first quarter. Forward Management LLC now owns 5,104 shares of the auto parts company’s stock valued at $201,000 after buying an additional 245 shares during the period. 98.19% of the stock is currently owned by institutional investors.
Shares of Gentherm Inc (NASDAQ THRM) traded up 0.82% during trading on Wednesday, reaching $30.80. The company’s stock had a trading volume of 29,975 shares. The stock has a 50 day moving average of $36.34 and a 200-day moving average of $36.78. The company has a market capitalization of $1.13 billion, a PE ratio of 14.13 and a beta of 1.93. Gentherm Inc has a 1-year low of $26.60 and a 1-year high of $40.80.
Gentherm (NASDAQ:THRM) last posted its earnings results on Thursday, July 27th. The auto parts company reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.38. Gentherm had a net margin of 8.34% and a return on equity of 16.34%. The business had revenue of $243.40 million during the quarter, compared to analysts’ expectations of $244.48 million. During the same quarter in the prior year, the firm earned $0.59 EPS. Gentherm’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, analysts expect that Gentherm Inc will post $2.01 earnings per share for the current year.
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Several analysts have recently issued reports on the company. BidaskClub cut Gentherm from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Barrington Research decreased their price objective on Gentherm from $47.00 to $43.00 and set an “outperform” rating on the stock in a report on Friday, July 28th. Craig Hallum cut Gentherm from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $44.00 to $38.00 in a report on Friday, July 28th. Zacks Investment Research cut Gentherm from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, Roth Capital set a $33.00 price objective on Gentherm and gave the stock a “hold” rating in a report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $40.75.
In other Gentherm news, VP Erin Erwine Ascher sold 1,800 shares of Gentherm stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $39.17, for a total value of $70,506.00. Following the sale, the vice president now owns 23,839 shares in the company, valued at $933,773.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is owned by insiders.
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.
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