Guinness Asset Management LTD Lowers Position in Gentherm Incorporated (NASDAQ:THRM)

Guinness Asset Management LTD decreased its holdings in shares of Gentherm Incorporated (NASDAQ:THRM) by 30.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 238,271 shares of the auto parts company’s stock after selling 102,111 shares during the quarter. Guinness Asset Management LTD owned 0.77% of Gentherm worth $9,511,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of THRM. Disciplined Growth Investors Inc. MN grew its stake in Gentherm by 2.0% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,169,671 shares of the auto parts company’s stock worth $54,448,000 after buying an additional 23,051 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Gentherm by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,146,375 shares of the auto parts company’s stock worth $56,539,000 after acquiring an additional 37,365 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Gentherm by 1.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 951,798 shares of the auto parts company’s stock valued at $46,943,000 after acquiring an additional 10,402 shares during the last quarter. Global Alpha Capital Management Ltd. raised its position in Gentherm by 22.6% during the third quarter. Global Alpha Capital Management Ltd. now owns 632,673 shares of the auto parts company’s stock valued at $29,451,000 after purchasing an additional 116,500 shares in the last quarter. Finally, FMR LLC lifted its stake in Gentherm by 26.8% during the third quarter. FMR LLC now owns 507,598 shares of the auto parts company’s stock worth $23,629,000 after purchasing an additional 107,322 shares during the last quarter. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Insider Transactions at Gentherm

In other news, SVP Thomas Stocker sold 1,295 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $42.98, for a total transaction of $55,659.10. Following the transaction, the senior vice president now directly owns 13,413 shares of the company’s stock, valued at approximately $576,490.74. The trade was a 8.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Hui (Helen) Xu sold 2,500 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $42.00, for a total value of $105,000.00. Following the completion of the sale, the senior vice president now directly owns 18,947 shares of the company’s stock, valued at $795,774. The trade was a 11.66 % decrease in their position. The disclosure for this sale can be found here. 1.91% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

THRM has been the topic of a number of recent research reports. StockNews.com upgraded shares of Gentherm from a “buy” rating to a “strong-buy” rating in a research report on Thursday. JPMorgan Chase & Co. upgraded shares of Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 target price on the stock in a research report on Monday, October 21st. Craig Hallum cut 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, Robert W. Baird reduced their price objective on Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st.

Gentherm Stock Performance

NASDAQ:THRM opened at $40.14 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.38 and a current ratio of 2.02. Gentherm Incorporated has a fifty-two week low of $37.94 and a fifty-two week high of $62.93. The firm has a market cap of $1.24 billion, a PE ratio of 18.76 and a beta of 1.42. The business has a 50 day moving average price of $40.95 and a 200-day moving average price of $45.09.

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

Gentherm 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.