Gentherm Inc $THRM Stock Position Cut by Trigran Investments Inc.

Trigran Investments Inc. cut its holdings in shares of Gentherm Inc (NASDAQ:THRM) by 16.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,463,143 shares of the auto parts company’s stock after selling 286,324 shares during the quarter. Gentherm makes up approximately 10.5% of Trigran Investments Inc.’s holdings, making the stock its 2nd largest holding. Trigran Investments Inc.’s holdings in Gentherm were worth $53,215,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its holdings in Gentherm by 160.3% during the 4th quarter. Farther Finance Advisors LLC now owns 812 shares of the auto parts company’s stock worth $30,000 after purchasing an additional 500 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Gentherm during the 4th quarter worth approximately $35,000. Eagle Bay Advisors LLC purchased a new stake in Gentherm during the 4th quarter worth approximately $50,000. Palladiem LLC purchased a new stake in Gentherm during the 4th quarter worth approximately $52,000. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Gentherm by 21.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,994 shares of the auto parts company’s stock valued at $73,000 after acquiring an additional 353 shares during the last quarter. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

Gentherm Stock Performance

Shares of THRM stock opened at $36.36 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.36 and a current ratio of 1.97. Gentherm Inc has a 1 year low of $27.00 and a 1 year high of $39.48. The stock has a fifty day moving average of $31.60 and a two-hundred day moving average of $33.09. The firm has a market capitalization of $1.12 billion, a PE ratio of 48.48 and a beta of 1.38.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings results on Thursday, April 23rd. The auto parts company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.31. Gentherm had a return on equity of 11.25% and a net margin of 1.47%.The company had revenue of $393.71 million during the quarter, compared to analyst estimates of $363.82 million. During the same quarter in the previous year, the firm posted $0.51 EPS. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. As a group, research analysts expect that Gentherm Inc will post 2.74 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Loop Capital set a $38.00 price target on Gentherm in a report on Wednesday, February 25th. Robert W. Baird upped their price objective on Gentherm from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Stifel Nicolaus upped their price objective on Gentherm from $37.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Wall Street Zen upgraded Gentherm from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 25th. Finally, Weiss Ratings upgraded Gentherm from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 8th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $37.40.

Gentherm 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.