Gentherm Inc (THRM) Shares Sold by Connors Investor Services Inc.
Connors Investor Services Inc. cut its stake in Gentherm Inc (NASDAQ:THRM) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,583 shares of the auto parts company’s stock after selling 2,037 shares during the quarter. Connors Investor Services Inc.’s holdings in Gentherm were worth $1,701,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in THRM. State Street Corp grew its stake in shares of Gentherm by 3.9% in the second quarter. State Street Corp now owns 848,178 shares of the auto parts company’s stock worth $32,908,000 after acquiring an additional 32,184 shares during the period. Crossmark Global Holdings Inc. bought a new stake in shares of Gentherm in the third quarter worth approximately $267,000. Victory Capital Management Inc. grew its stake in shares of Gentherm by 37.4% in the third quarter. Victory Capital Management Inc. now owns 6,156 shares of the auto parts company’s stock worth $229,000 after acquiring an additional 1,677 shares during the period. BNP Paribas Arbitrage SA grew its stake in shares of Gentherm by 65.1% in the third quarter. BNP Paribas Arbitrage SA now owns 19,229 shares of the auto parts company’s stock worth $714,000 after acquiring an additional 7,585 shares during the period. Finally, Municipal Employees Retirement System of Michigan grew its position in Gentherm by 59.5% during the third quarter. Municipal Employees Retirement System of Michigan now owns 13,780 shares of the auto parts company’s stock valued at $512,000 after buying an additional 5,140 shares during the period. Hedge funds and other institutional investors own 98.31% of the company’s stock.
Several analysts recently issued reports on THRM shares. BidaskClub upgraded shares of Gentherm from a “strong sell” rating to a “sell” rating in a research report on Friday, January 5th. Zacks Investment Research upgraded shares of Gentherm from a “sell” rating to a “hold” rating in a research report on Thursday, January 25th. Craig Hallum upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. BMO Capital Markets set a $40.00 target price on shares of Gentherm and gave the company a “buy” rating in a research report on Wednesday, February 28th. Finally, Argus cut their target price on shares of Gentherm to $40.00 and set a “buy” rating for the company in a research report on Friday, December 15th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $40.13.
Shares of Gentherm Inc (THRM) opened at $32.20 on Monday. The company has a current ratio of 2.69, a quick ratio of 1.98 and a debt-to-equity ratio of 0.25. The stock has a market cap of $1,183.76, a P/E ratio of 33.54, a P/E/G ratio of 0.57 and a beta of 1.82. Gentherm Inc has a 12-month low of $29.50 and a 12-month high of $40.80.
Gentherm (NASDAQ:THRM) last announced its earnings results on Tuesday, February 20th. The auto parts company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.08. The company had revenue of $257.19 million during the quarter, compared to analyst estimates of $253.48 million. Gentherm had a net margin of 3.57% and a return on equity of 11.81%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.68 earnings per share. equities analysts predict that Gentherm Inc will post 2.27 EPS for the current fiscal year.
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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