Gentherm Incorporated (NASDAQ:THRM) Shares Sold by Guinness Asset Management LTD

Guinness Asset Management LTD lessened its stake in Gentherm Incorporated (NASDAQ:THRM) by 8.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 340,382 shares of the auto parts company’s stock after selling 31,423 shares during the period. Guinness Asset Management LTD owned 1.08% of Gentherm worth $15,850,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Gentherm by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 3,651,904 shares of the auto parts company’s stock valued at $191,214,000 after purchasing an additional 16,513 shares during the last quarter. Moody National Bank Trust Division increased its stake in Gentherm by 28.7% in the 1st quarter. Moody National Bank Trust Division now owns 10,473 shares of the auto parts company’s stock valued at $603,000 after buying an additional 2,337 shares during the period. Bridge City Capital LLC lifted its stake in shares of Gentherm by 0.8% in the 1st quarter. Bridge City Capital LLC now owns 56,156 shares of the auto parts company’s stock worth $3,233,000 after acquiring an additional 443 shares during the period. Bouvel Investment Partners LLC boosted its holdings in shares of Gentherm by 2.8% in the first quarter. Bouvel Investment Partners LLC now owns 27,871 shares of the auto parts company’s stock valued at $1,605,000 after acquiring an additional 747 shares in the last quarter. Finally, Chatham Capital Group Inc. increased its stake in shares of Gentherm by 12.0% during the first quarter. Chatham Capital Group Inc. now owns 46,809 shares of the auto parts company’s stock worth $2,695,000 after acquiring an additional 5,010 shares during the period. Institutional investors and hedge funds own 97.13% of the company’s stock.

Insider Activity at Gentherm

In other news, CEO Phillip Eyler sold 4,402 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $50.20, for a total value of $220,980.40. Following the completion of the transaction, the chief executive officer now owns 147,317 shares of the company’s stock, valued at $7,395,313.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.91% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

THRM has been the topic of a number of analyst reports. Robert W. Baird lowered their price objective on Gentherm from $65.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, July 12th. StockNews.com upgraded Gentherm from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Gentherm from $60.00 to $56.00 and set an “underweight” rating on the stock in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $62.00.

Gentherm Price Performance

NASDAQ THRM traded up $0.04 during mid-day trading on Friday, hitting $42.67. The stock had a trading volume of 94,450 shares, compared to its average volume of 176,899. The company has a 50 day simple moving average of $48.04 and a 200 day simple moving average of $50.39. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 29.23 and a beta of 1.43. Gentherm Incorporated has a 52-week low of $38.21 and a 52-week high of $62.93. The company has a quick ratio of 1.46, a current ratio of 2.11 and a debt-to-equity ratio of 0.35.

Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.04. The business had revenue of $375.70 million during the quarter, compared to the consensus estimate of $375.82 million. Gentherm had a return on equity of 14.03% and a net margin of 4.61%. The business’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.58 EPS. Equities analysts forecast that Gentherm Incorporated will post 2.81 EPS for the current fiscal year.

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.