Westwood Holdings Group Inc. Sells 8,747 Shares of Gentherm Incorporated (NASDAQ:THRM)

Westwood Holdings Group Inc. reduced its position in Gentherm Incorporated (NASDAQ:THRM) by 23.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,681 shares of the auto parts company’s stock after selling 8,747 shares during the quarter. Westwood Holdings Group Inc. owned approximately 0.09% of Gentherm worth $1,651,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Gentherm by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 3,651,904 shares of the auto parts company’s stock worth $191,214,000 after buying an additional 16,513 shares during the period. Trigran Investments Inc. increased its holdings in shares of Gentherm by 10.7% during the 4th quarter. Trigran Investments Inc. now owns 1,887,857 shares of the auto parts company’s stock worth $98,848,000 after acquiring an additional 183,170 shares during the last quarter. Granahan Investment Management LLC increased its holdings in shares of Gentherm by 61.2% during the 4th quarter. Granahan Investment Management LLC now owns 412,971 shares of the auto parts company’s stock worth $21,623,000 after acquiring an additional 156,842 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Gentherm by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 412,338 shares of the auto parts company’s stock worth $21,590,000 after acquiring an additional 20,600 shares during the last quarter. Finally, Mairs & Power Inc. increased its holdings in shares of Gentherm by 9.3% during the 4th quarter. Mairs & Power Inc. now owns 395,006 shares of the auto parts company’s stock worth $20,683,000 after acquiring an additional 33,570 shares during the last quarter. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Gentherm

In other Gentherm news, CEO Phillip Eyler sold 15,000 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $54.04, for a total transaction of $810,600.00. Following the completion of the transaction, the chief executive officer now directly owns 147,317 shares of the company’s stock, valued at $7,961,010.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 45,000 shares of company stock valued at $2,338,650. Company insiders own 1.91% of the company’s stock.

Gentherm Price Performance

Shares of THRM stock traded down $2.27 on Friday, hitting $51.83. 153,957 shares of the company’s stock were exchanged, compared to its average volume of 162,785. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.11 and a quick ratio of 1.44. Gentherm Incorporated has a 12 month low of $38.21 and a 12 month high of $65.18. The stock has a market cap of $1.62 billion, a P/E ratio of 35.50 and a beta of 1.45. The company has a 50 day moving average of $51.23 and a 200 day moving average of $51.84.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.04. Gentherm had a return on equity of 14.03% and a net margin of 4.61%. The company had revenue of $375.70 million during the quarter, compared to analysts’ expectations of $375.82 million. During the same quarter in the prior year, the firm posted $0.58 earnings per share. The business’s quarterly revenue was up .9% on a year-over-year basis. On average, equities research analysts predict that Gentherm Incorporated will post 2.89 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on THRM shares. JPMorgan Chase & Co. decreased their price objective on Gentherm from $60.00 to $56.00 and set an “underweight” rating on the stock in a report on Monday, July 22nd. Robert W. Baird cut their target price on Gentherm from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. Finally, StockNews.com downgraded Gentherm from a “buy” rating to a “hold” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $63.50.

About Gentherm

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.