Thomson Horstmann & Bryant Inc. decreased its position in shares of Gentherm Inc (NASDAQ:THRM) by 42.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,540 shares of the auto parts company’s stock after selling 9,117 shares during the quarter. Thomson Horstmann & Bryant Inc.’s holdings in Gentherm were worth $569,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of THRM. grace capital purchased a new position in Gentherm in the 2nd quarter valued at $157,000. Zions Bancorporation lifted its holdings in Gentherm by 55.2% in the 2nd quarter. Zions Bancorporation now owns 4,275 shares of the auto parts company’s stock valued at $168,000 after purchasing an additional 1,520 shares in the last quarter. Janus Henderson Group PLC purchased a new position in Gentherm in the 3rd quarter valued at $204,000. Sei Investments Co. lifted its holdings in Gentherm by 59.0% in the 2nd quarter. Sei Investments Co. now owns 4,915 shares of the auto parts company’s stock valued at $193,000 after purchasing an additional 1,824 shares in the last quarter. Finally, First Mercantile Trust Co. lifted its holdings in Gentherm by 634.3% in the 2nd quarter. First Mercantile Trust Co. now owns 5,140 shares of the auto parts company’s stock valued at $202,000 after purchasing an additional 4,440 shares in the last quarter.
In other news, insider Frithjof Oldorff sold 20,000 shares of Gentherm stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $49.15, for a total transaction of $983,000.00. Following the transaction, the insider now owns 57,442 shares in the company, valued at approximately $2,823,274.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is owned by insiders.
Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Thursday, October 25th. The auto parts company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.05). Gentherm had a return on equity of 14.28% and a net margin of 2.31%. The company had revenue of $258.94 million for the quarter, compared to analysts’ expectations of $261.61 million. Sell-side analysts expect that Gentherm Inc will post 2.24 earnings per share for the current fiscal year.
A number of research analysts have weighed in on THRM shares. TheStreet upgraded Gentherm from a “c+” rating to a “b” rating in a report on Friday, July 27th. ValuEngine upgraded Gentherm from a “hold” rating to a “buy” rating in a report on Thursday, July 26th. Barrington Research restated a “buy” rating and issued a $50.00 price objective on shares of Gentherm in a report on Thursday, July 26th. BidaskClub lowered Gentherm from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 8th. Finally, Zacks Investment Research upgraded Gentherm from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Wednesday, August 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $44.20.
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Gentherm Incorporated designs, develops, and manufactures thermal management technologies in North America, Europe, and Asia. The company operates through two segments, Automotive and Industrial. The Automotive segment offers automotive seat comfort systems, including seat heaters, variable temperature climate control seats that are designed to provide individualized thermal comfort to automobile passengers; and integrated electronic components, such as blowers and electronic control units.
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