Healthcare of Ontario Pension Plan Trust Fund Has $4.75 Million Stock Holdings in Thermon Group Holdings, Inc. $THR

Healthcare of Ontario Pension Plan Trust Fund grew its position in Thermon Group Holdings, Inc. (NYSE:THR) by 37.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 94,180 shares of the technology company’s stock after purchasing an additional 25,820 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Thermon Group were worth $4,747,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada increased its stake in shares of Thermon Group by 0.4% during the 1st quarter. Royal Bank of Canada now owns 258,852 shares of the technology company’s stock worth $7,209,000 after purchasing an additional 1,082 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Thermon Group by 66.9% in the first quarter. AQR Capital Management LLC now owns 40,365 shares of the technology company’s stock worth $1,124,000 after purchasing an additional 16,177 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Thermon Group by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,822 shares of the technology company’s stock worth $552,000 after buying an additional 845 shares during the last quarter. Jane Street Group LLC raised its holdings in Thermon Group by 24.9% during the first quarter. Jane Street Group LLC now owns 39,130 shares of the technology company’s stock valued at $1,090,000 after buying an additional 7,798 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Thermon Group by 4.9% during the second quarter. JPMorgan Chase & Co. now owns 264,080 shares of the technology company’s stock valued at $7,415,000 after buying an additional 12,428 shares in the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

Thermon Group Stock Performance

Thermon Group stock opened at $61.14 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.76 and a current ratio of 2.69. The business’s 50-day simple moving average is $61.89 and its 200-day simple moving average is $55.11. The firm has a market capitalization of $2.01 billion, a PE ratio of 45.63 and a beta of 0.83. Thermon Group Holdings, Inc. has a 52 week low of $23.86 and a 52 week high of $71.87.

Thermon Group (NYSE:THR) last posted its quarterly earnings results on Tuesday, May 19th. The technology company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.01). Thermon Group had a net margin of 8.31% and a return on equity of 13.42%. The firm had revenue of $148.33 million during the quarter, compared to analyst estimates of $137.85 million. During the same period last year, the company earned $0.56 EPS. The company’s revenue was up 10.6% on a year-over-year basis. Equities research analysts forecast that Thermon Group Holdings, Inc. will post 2.27 earnings per share for the current year.

Analysts Set New Price Targets

THR has been the topic of a number of analyst reports. Wall Street Zen raised Thermon Group to a “hold” rating in a report on Saturday, May 30th. Weiss Ratings downgraded Thermon Group from a “buy (b)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Six research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $57.00.

Thermon Group Company Profile

Thermon Group, Inc (NYSE: THR) is a global provider of engineered thermal solutions designed to maintain process temperatures, prevent freezing and improve energy efficiency across industrial, commercial and power generation applications. The company specializes in the design, manufacture, installation and service of heat tracing systems, insulation and protective coatings for pipelines, tanks, vessels and other critical equipment.

Thermon’s core offerings include electric heat tracing, steam tracing, custom-engineered control panels, monitoring systems and advanced sensor technologies.