Guinness Atkinson Asset Management Inc reduced its stake in shares of Gentherm Incorporated (NASDAQ:THRM – Free Report) by 15.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,118 shares of the auto parts company’s stock after selling 2,811 shares during the quarter. Guinness Atkinson Asset Management Inc’s holdings in Gentherm were worth $604,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Quarry LP boosted its position in Gentherm by 952.9% in the 3rd quarter. Quarry LP now owns 537 shares of the auto parts company’s stock valued at $25,000 after buying an additional 486 shares during the last quarter. Gladius Capital Management LP acquired a new position in shares of Gentherm during the third quarter valued at $44,000. MeadowBrook Investment Advisors LLC boosted its holdings in Gentherm by 8.4% in the third quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock valued at $156,000 after acquiring an additional 260 shares during the last quarter. XTX Topco Ltd acquired a new stake in Gentherm in the third quarter worth about $207,000. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in Gentherm during the 3rd quarter worth about $208,000. Institutional investors own 97.13% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on THRM shares. JPMorgan Chase & Co. raised shares of Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 target price on the stock in a research note on Monday, October 21st. StockNews.com raised shares of Gentherm from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Craig Hallum dropped their target price 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 target on Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st.
Gentherm Stock Performance
Shares of NASDAQ:THRM opened at $40.14 on Monday. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 18.76 and a beta of 1.42. The firm’s 50 day simple moving average is $40.95 and its 200 day simple moving average is $45.09. 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 Incorporated has a fifty-two week low of $37.94 and a fifty-two week high of $62.93.
Gentherm (NASDAQ:THRM – Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. Gentherm had a net margin of 4.61% and a return on equity of 14.36%. The company had revenue of $371.50 million for the quarter, compared to analysts’ expectations of $372.89 million. During the same period last year, the firm posted $0.64 earnings per share. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Gentherm Incorporated will post 2.71 earnings per share for the current year.
Insiders Place Their Bets
In other Gentherm news, SVP Thomas Stocker sold 1,295 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $42.98, for a total transaction of $55,659.10. Following the sale, the senior vice president now directly owns 13,413 shares in the company, valued at approximately $576,490.74. This trade represents a 8.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Hui (Helen) Xu sold 2,500 shares of Gentherm stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $42.00, for a total transaction of $105,000.00. Following the completion of the transaction, the senior vice president now directly owns 18,947 shares in the company, valued at approximately $795,774. The trade was a 11.66 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.91% of the company’s stock.
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.
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