Royce & Associates LP Decreases Stock Holdings in Gentherm Incorporated (NASDAQ:THRM)

Royce & Associates LP lowered its stake in Gentherm Incorporated (NASDAQ:THRM) by 0.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 209,152 shares of the auto parts company’s stock after selling 1,080 shares during the quarter. Royce & Associates LP owned 0.68% of Gentherm worth $9,736,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. ProShare Advisors LLC boosted its holdings in shares of Gentherm by 7.4% in the first quarter. ProShare Advisors LLC now owns 6,610 shares of the auto parts company’s stock worth $381,000 after buying an additional 454 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Gentherm by 22.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,531 shares of the auto parts company’s stock worth $697,000 after acquiring an additional 2,080 shares during the last quarter. UniSuper Management Pty Ltd bought a new stake in shares of Gentherm during the 1st quarter valued at $495,000. Roubaix Capital LLC purchased a new stake in shares of Gentherm in the 1st quarter worth $2,647,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Gentherm in the 1st quarter worth $693,000. Institutional investors own 97.13% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on THRM. StockNews.com raised Gentherm from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Robert W. Baird decreased their target price on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Craig Hallum dropped their price target on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. raised shares of Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price objective for the company in a research note on Monday, October 21st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Gentherm has a consensus rating of “Hold” and an average price target of $57.00.

Gentherm Stock Down 2.2 %

Shares of NASDAQ THRM opened at $42.33 on Monday. The company has a market cap of $1.31 billion, a P/E ratio of 19.78 and a beta of 1.44. The firm has a 50-day simple moving average of $44.17 and a two-hundred day simple moving average of $48.43. Gentherm Incorporated has a 1 year low of $39.86 and a 1 year high of $62.93. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.02 and a quick ratio of 1.38.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.66 by $0.09. The company had revenue of $371.50 million for the quarter, compared to the consensus estimate of $372.89 million. Gentherm had a return on equity of 14.36% and a net margin of 4.61%. Gentherm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.64 EPS. Research analysts anticipate that Gentherm Incorporated will post 2.71 earnings per share for the current year.

Insider Buying and Selling at Gentherm

In other Gentherm news, CEO Phillip Eyler sold 4,402 shares of Gentherm stock in a transaction on Wednesday, September 18th. The stock was 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 directly owns 147,317 shares of the company’s stock, valued at $7,395,313.40. The trade was a 2.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.91% of the stock is owned by corporate insiders.

Gentherm Company Profile

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.