Gentherm Incorporated (NASDAQ:THRM) Shares Sold by Nuance Investments LLC

Nuance Investments LLC lowered its stake in shares of Gentherm Incorporated (NASDAQ:THRM) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 355,951 shares of the auto parts company’s stock after selling 3,973 shares during the quarter. Nuance Investments LLC owned approximately 1.15% of Gentherm worth $14,211,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of THRM. Barclays PLC increased its stake in Gentherm by 234.8% during the third quarter. Barclays PLC now owns 61,466 shares of the auto parts company’s stock valued at $2,861,000 after purchasing an additional 43,108 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Gentherm by 46.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 67,831 shares of the auto parts company’s stock valued at $3,158,000 after buying an additional 21,376 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Gentherm by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 460,829 shares of the auto parts company’s stock valued at $21,452,000 after buying an additional 5,754 shares during the last quarter. Global Alpha Capital Management Ltd. lifted its holdings in Gentherm by 23.8% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 782,983 shares of the auto parts company’s stock worth $31,261,000 after acquiring an additional 150,310 shares during the last quarter. Finally, Cerity Partners LLC boosted its stake in Gentherm by 880.7% in the third quarter. Cerity Partners LLC now owns 188,683 shares of the auto parts company’s stock valued at $8,783,000 after acquiring an additional 169,443 shares during the period. Institutional investors own 97.13% of the company’s stock.

Gentherm Stock Down 0.9 %

NASDAQ:THRM opened at $31.02 on Wednesday. The business’s fifty day moving average price is $34.98 and its 200 day moving average price is $39.92. The firm has a market capitalization of $955.07 million, a price-to-earnings ratio of 14.99 and a beta of 1.45. The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.36. Gentherm Incorporated has a 1-year low of $29.70 and a 1-year high of $57.96.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.39). Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The company had revenue of $352.91 million during the quarter, compared to analysts’ expectations of $360.29 million. During the same period last year, the company earned $0.90 earnings per share. Gentherm’s revenue for the quarter was down 3.8% compared to the same quarter last year. On average, sell-side analysts forecast that Gentherm Incorporated will post 3.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on THRM. Robert W. Baird cut their target price on Gentherm from $44.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. StockNews.com lowered Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. cut their price objective on Gentherm from $56.00 to $51.00 and set a “neutral” rating on the stock in a report on Monday, January 27th.

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.