Trigran Investments Inc. Sells 15,828 Shares of Gentherm Inc $THRM

Trigran Investments Inc. lowered its position in Gentherm Inc (NASDAQ:THRM) by 0.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,194,560 shares of the auto parts company’s stock after selling 15,828 shares during the quarter. Gentherm accounts for 10.8% of Trigran Investments Inc.’s holdings, making the stock its 2nd largest position. Trigran Investments Inc. owned about 0.07% of Gentherm worth $62,084,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in THRM. First Trust Advisors LP grew its holdings in Gentherm by 31.9% during the 2nd quarter. First Trust Advisors LP now owns 101,616 shares of the auto parts company’s stock worth $2,875,000 after acquiring an additional 24,581 shares during the last quarter. Kennedy Capital Management LLC bought a new position in shares of Gentherm during the second quarter valued at $3,662,000. Invesco Ltd. lifted its holdings in shares of Gentherm by 11.0% during the second quarter. Invesco Ltd. now owns 306,825 shares of the auto parts company’s stock worth $8,680,000 after purchasing an additional 30,324 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Gentherm by 92.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 111,929 shares of the auto parts company’s stock worth $3,166,000 after purchasing an additional 53,725 shares during the period. Finally, Wealthedge Investment Advisors LLC bought a new stake in shares of Gentherm in the second quarter worth $512,000. Institutional investors own 97.13% of the company’s stock.

Gentherm Trading Up 0.9%

NASDAQ THRM opened at $37.06 on Friday. The business has a 50 day simple moving average of $35.53 and a 200 day simple moving average of $33.06. Gentherm Inc has a one year low of $22.75 and a one year high of $43.99. The stock has a market capitalization of $1.13 billion, a P/E ratio of 37.06 and a beta of 1.38. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.96 and a quick ratio of 1.33.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Thursday, October 23rd. The auto parts company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.09. The firm had revenue of $386.87 million during the quarter, compared to the consensus estimate of $374.75 million. Gentherm had a net margin of 2.08% and a return on equity of 9.55%. The business’s revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 earnings per share. Research analysts expect that Gentherm Inc will post 3.1 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on the company. Wall Street Zen raised Gentherm from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 25th. Weiss Ratings downgraded Gentherm from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. JPMorgan Chase & Co. lifted their price objective on Gentherm from $38.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, October 20th. Roth Capital reiterated a “buy” rating and issued a $44.00 target price on shares of Gentherm in a report on Friday, October 24th. Finally, Robert W. Baird set a $42.00 price target on shares of Gentherm in a report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.00.

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.