Gentherm Inc $THRM Holdings Lowered by Mairs & Power Inc.

Mairs & Power Inc. reduced its stake in Gentherm Inc (NASDAQ:THRM) by 47.0% in the third quarter, HoldingsChannel reports. The fund owned 75,787 shares of the auto parts company’s stock after selling 67,152 shares during the quarter. Mairs & Power Inc.’s holdings in Gentherm were worth $2,581,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Gentherm by 18.4% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 121,187 shares of the auto parts company’s stock worth $4,128,000 after purchasing an additional 18,831 shares in the last quarter. Harvey Partners LLC boosted its stake in Gentherm by 72.6% during the 3rd quarter. Harvey Partners LLC now owns 1,024,500 shares of the auto parts company’s stock valued at $34,894,000 after purchasing an additional 431,072 shares in the last quarter. Bank of America Corp DE boosted its stake in Gentherm by 23.3% during the 3rd quarter. Bank of America Corp DE now owns 178,678 shares of the auto parts company’s stock valued at $6,086,000 after purchasing an additional 33,788 shares in the last quarter. Boothbay Fund Management LLC acquired a new position in shares of Gentherm during the 3rd quarter valued at $248,000. Finally, Ameriprise Financial Inc. raised its stake in shares of Gentherm by 42.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 635,066 shares of the auto parts company’s stock worth $21,630,000 after buying an additional 190,432 shares in the last quarter. 97.13% of the stock is currently owned by institutional investors.

Gentherm Trading Up 0.8%

Shares of THRM opened at $28.03 on Tuesday. The business’s 50-day moving average price is $33.54 and its 200 day moving average price is $35.08. The company has a current ratio of 1.92, a quick ratio of 1.30 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $855.76 million, a P/E ratio of 45.95 and a beta of 1.31. Gentherm Inc has a 1-year low of $22.75 and a 1-year high of $39.48.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Thursday, February 19th. The auto parts company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.08). The firm had revenue of $382.79 million for the quarter, compared to analysts’ expectations of $371.91 million. Gentherm had a net margin of 1.22% and a return on equity of 10.07%. Gentherm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 earnings per share. Analysts expect that Gentherm Inc will post 3.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Weiss Ratings cut Gentherm from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, February 9th. Argus upgraded shares of Gentherm to a “hold” rating in a research report on Friday, February 27th. Robert W. Baird cut their price target on shares of Gentherm from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, February 20th. Loop Capital set a $38.00 price objective on shares of Gentherm in a research note on Wednesday, February 25th. Finally, Wall Street Zen downgraded shares of Gentherm from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 21st. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Gentherm has an average rating of “Hold” and an average target price of $40.40.

Gentherm Company Profile

Gentherm Incorporated (NASDAQ: THRM) is a global developer and supplier of advanced thermal management technologies for automotive, specialty vehicle, medical, consumer and industrial markets. The company’s core focus lies in delivering integrated heating and cooling systems designed to enhance energy efficiency, comfort and safety across a wide range of applications. Gentherm’s product portfolio includes seat thermal systems, heated and ventilated seating surfaces, steering wheel heaters, battery thermal management solutions, and climate systems for electric vehicles.

In the automotive sector, Gentherm partners with leading original equipment manufacturers to engineer and manufacture high-performance thermal solutions that meet stringent industry demands for reduced weight, lower energy consumption and improved passenger comfort.