Goldman Sachs Group Inc. Has $489,000 Stake in Gentherm Inc (THRM)
Goldman Sachs Group Inc. cut its stake in shares of Gentherm Inc (NASDAQ:THRM) by 68.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,607 shares of the auto parts company’s stock after selling 27,265 shares during the period. Goldman Sachs Group Inc.’s holdings in Gentherm were worth $489,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Gentherm by 0.5% during the second quarter. Vanguard Group Inc. now owns 3,227,072 shares of the auto parts company’s stock valued at $125,210,000 after buying an additional 14,890 shares during the period. Virginia Retirement Systems ET AL increased its position in shares of Gentherm by 5.2% during the second quarter. Virginia Retirement Systems ET AL now owns 52,800 shares of the auto parts company’s stock valued at $2,049,000 after buying an additional 2,600 shares during the period. Legato Capital Management LLC bought a new stake in shares of Gentherm during the second quarter valued at about $1,416,000. Pinebridge Investments L.P. increased its position in shares of Gentherm by 893.0% during the second quarter. Pinebridge Investments L.P. now owns 47,377 shares of the auto parts company’s stock valued at $1,838,000 after buying an additional 42,606 shares during the period. Finally, Parametric Portfolio Associates LLC increased its position in shares of Gentherm by 4.7% during the second quarter. Parametric Portfolio Associates LLC now owns 145,120 shares of the auto parts company’s stock valued at $5,631,000 after buying an additional 6,482 shares during the period. Hedge funds and other institutional investors own 95.47% of the company’s stock.
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Shares of Gentherm Inc (NASDAQ THRM) opened at $34.35 on Tuesday. The stock has a market capitalization of $1,257.22, a P/E ratio of 19.26, a price-to-earnings-growth ratio of 1.05 and a beta of 1.94. 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 52 week low of $29.50 and a 52 week high of $40.80.
Gentherm (NASDAQ:THRM) last issued its earnings results on Thursday, October 26th. The auto parts company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.33). The firm had revenue of $235.85 million during the quarter, compared to analysts’ expectations of $235.94 million. Gentherm had a return on equity of 12.82% and a net margin of 6.89%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.61 EPS. equities analysts expect that Gentherm Inc will post 1.63 EPS for the current year.
Several research analysts recently weighed in on THRM shares. BidaskClub cut shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Craig Hallum cut shares of 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 research report on Friday, July 28th. Barrington Research decreased their price objective 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. Roth Capital set a $33.00 price objective on shares of Gentherm and gave the stock a “hold” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research cut shares of Gentherm from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. Gentherm currently has a consensus rating of “Hold” and an average price target of $40.75.
Gentherm Company 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.
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