2 weeks Ago By ABMN Staff
Amalgamated Bank cut its holdings in Gentherm Incorporated ( NASDAQ:THRM – Free Report ) by 4.9% during the 2nd quarter, Holdings Channel.com reports.
The institutional investor owned 9,691 shares of the auto parts company’s stock after selling 500 shares during the quarter. Amalgamated Bank’s holdings in Gentherm were worth $478,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds have also made changes to their positions in THRM.
Norges Bank purchased a new stake in shares of Gentherm in the 4th quarter worth about $10,991,000. UBS Group AG raised its stake in Gentherm by 13.9% in the 4th quarter.
UBS Group AG now owns 191,002 shares of the auto parts company’s stock valued at $10,001,000 after purchasing an additional 23,239 shares during the last quarter. TFO Wealth Partners LLC raised its stake in Gentherm by 44,050.0% in the 4th quarter.
TFO Wealth Partners LLC now owns 1,766 shares of the auto parts company’s stock valued at $92,000 after purchasing an additional 1,762 shares during the last quarter. Westwood Holdings Group Inc. raised its stake in Gentherm by 17.
1% in the 4th quarter. Westwood Holdings Group Inc. now owns 37,428 shares of the auto parts company’s stock valued at $1,960,000 after purchasing an additional 5,474 shares during the last quarter.
Finally, Trigran Investments Inc. raised its stake in Gentherm by 10.7% in the 4th quarter.
Trigran Investments Inc. now owns 1,887,857 shares of the auto parts company’s stock valued at $98,848,000 after purchasing an additional 183,170 shares during the last quarter. 97.
13% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In Several brokerages recently weighed in on THRM. JPMorgan Chase & Co.
cut their target price on shares of Gentherm from $60.00 to $56.00 and set an “underweight” rating for the company in a research note on Monday, July 22nd.
Robert W. Baird dropped their price objective on shares of Gentherm from $65.00 to $60.
00 and set a “neutral” rating for the company in a research note on Friday, July 12th. Finally, StockNews.com raised shares of Gentherm from a “hold” rating to a “buy” rating in a research note on Friday, August 9th.
One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $62.00.
Insider Buying and Selling In related news, CEO Phillip Eyler sold 4,402 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $50.20, for a total transaction of $220,980.
40. Following the completion of the sale, the chief executive officer now owns 147,317 shares of the company’s stock, valued at approximately $7,395,313.40.
The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website . In the last quarter, insiders sold 34,402 shares of company stock valued at $1,727,430. 1.
91% of the stock is currently owned by corporate insiders. Gentherm Trading Up 1.0 % NASDAQ THRM opened at $48.
00 on Monday. Gentherm Incorporated has a 12 month low of $38.21 and a 12 month high of $62.
93. The company has a 50-day moving average of $49.51 and a 200-day moving average of $51.
08. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.
11 and a quick ratio of 1.46. The company has a market cap of $1.
52 billion, a P/E ratio of 32.88 and a beta of 1.43.
Gentherm ( NASDAQ:THRM – Get Free Report ) last posted its earnings results on Wednesday, July 31st. The auto parts company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.
62 by $0.04. The firm had revenue of $375.
70 million during the quarter, compared to the consensus estimate of $375.82 million. Gentherm had a net margin of 4.
61% and a return on equity of 14.03%. The company’s revenue was up .
9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 EPS.
As a group, equities analysts predict that Gentherm Incorporated will post 2.81 earnings per share for the current year. About Gentherm ( Free Report ) Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally.
The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins. Featured Articles Want to see what other hedge funds are holding THRM? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Gentherm Incorporated ( NASDAQ:THRM – Free Report ). Receive News & Ratings for Gentherm Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gentherm and related companies with MarketBeat.com's FREE daily email newsletter .
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