GW&K Investment Management LLC Sells 36,910 Shares of Gentherm Inc $THRM

GW&K Investment Management LLC decreased its position in Gentherm Inc (NASDAQ:THRM) by 4.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 895,424 shares of the auto parts company’s stock after selling 36,910 shares during the period. GW&K Investment Management LLC’s holdings in Gentherm were worth $30,498,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in shares of Gentherm by 1.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,361,684 shares of the auto parts company’s stock worth $46,380,000 after purchasing an additional 18,259 shares in the last quarter. Global Alpha Capital Management Ltd. lifted its stake in shares of Gentherm by 23.5% during the 2nd quarter. Global Alpha Capital Management Ltd. now owns 1,109,383 shares of the auto parts company’s stock valued at $31,384,000 after buying an additional 211,300 shares in the last quarter. Segall Bryant & Hamill LLC boosted its holdings in Gentherm by 46.7% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 997,125 shares of the auto parts company’s stock worth $33,962,000 after buying an additional 317,246 shares during the period. Geode Capital Management LLC grew its stake in Gentherm by 4.4% in the 2nd quarter. Geode Capital Management LLC now owns 762,709 shares of the auto parts company’s stock valued at $21,579,000 after buying an additional 32,140 shares in the last quarter. Finally, Harvey Partners LLC grew its stake in Gentherm by 14.2% in the 2nd quarter. Harvey Partners LLC now owns 593,428 shares of the auto parts company’s stock valued at $16,788,000 after buying an additional 73,928 shares in the last quarter. 97.13% of the stock is owned by hedge funds and other institutional investors.

Gentherm Stock Down 0.7%

Shares of NASDAQ THRM opened at $30.54 on Friday. The company has a current ratio of 1.92, a quick ratio of 1.30 and a debt-to-equity ratio of 0.26. The business has a 50-day moving average of $34.71 and a 200-day moving average of $35.46. The firm has a market capitalization of $932.39 million, a price-to-earnings ratio of 50.07 and a beta of 1.31. Gentherm Inc has a 12 month low of $22.75 and a 12 month high of $39.48.

Gentherm (NASDAQ:THRM) last announced its earnings results on Thursday, February 19th. The auto parts company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.08). Gentherm had a net margin of 1.22% and a return on equity of 10.07%. The company had revenue of $382.79 million during the quarter, compared to analysts’ expectations of $371.91 million. During the same period in the prior year, the business earned $0.29 earnings per share. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. Sell-side analysts expect that Gentherm Inc will post 3.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

THRM has been the subject of several recent research reports. Loop Capital set a $38.00 price target on Gentherm in a research report on Wednesday, February 25th. Robert W. Baird cut their target price on Gentherm from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, February 20th. Weiss Ratings cut Gentherm from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 9th. Stifel Nicolaus assumed coverage on shares of Gentherm in a report on Monday, February 23rd. They issued a “buy” rating and a $41.00 price target on the stock. Finally, Wall Street Zen lowered shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 21st. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Gentherm has a consensus rating of “Hold” and a consensus target price of $40.40.

About Gentherm

Gentherm Incorporated (NASDAQ: THRM) is a global developer and supplier of advanced thermal management technologies for automotive, specialty vehicle, medical, consumer and industrial markets. The company’s core focus lies in delivering integrated heating and cooling systems designed to enhance energy efficiency, comfort and safety across a wide range of applications. Gentherm’s product portfolio includes seat thermal systems, heated and ventilated seating surfaces, steering wheel heaters, battery thermal management solutions, and climate systems for electric vehicles.

In the automotive sector, Gentherm partners with leading original equipment manufacturers to engineer and manufacture high-performance thermal solutions that meet stringent industry demands for reduced weight, lower energy consumption and improved passenger comfort.