Envestnet Asset Management Inc. Lowers Stock Position in Gentherm Incorporated (NASDAQ:THRM)

Envestnet Asset Management Inc. decreased its position in shares of Gentherm Incorporated (NASDAQ:THRM - Free Report) by 18.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 142,118 shares of the auto parts company's stock after selling 32,742 shares during the period. Envestnet Asset Management Inc. owned 0.46% of Gentherm worth $5,674,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Signaturefd LLC boosted its position in shares of Gentherm by 233.8% in the 4th quarter. Signaturefd LLC now owns 661 shares of the auto parts company's stock worth $26,000 after purchasing an additional 463 shares in the last quarter. KBC Group NV boosted its holdings in Gentherm by 82.2% in the fourth quarter. KBC Group NV now owns 1,822 shares of the auto parts company's stock worth $73,000 after acquiring an additional 822 shares in the last quarter. Headlands Technologies LLC grew its stake in shares of Gentherm by 117.1% during the fourth quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company's stock worth $73,000 after acquiring an additional 991 shares during the last quarter. Palouse Capital Management Inc. grew its stake in shares of Gentherm by 91.6% during the fourth quarter. Palouse Capital Management Inc. now owns 3,585 shares of the auto parts company's stock worth $143,000 after acquiring an additional 1,714 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC increased its holdings in shares of Gentherm by 37.8% during the fourth quarter. MeadowBrook Investment Advisors LLC now owns 4,630 shares of the auto parts company's stock valued at $185,000 after acquiring an additional 1,270 shares in the last quarter. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Gentherm Price Performance

THRM remained flat at $24.74 during trading on Friday. 516,872 shares of the company's stock were exchanged, compared to its average volume of 243,651. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.38. Gentherm Incorporated has a 12 month low of $22.75 and a 12 month high of $56.72. The stock has a 50-day moving average of $28.56 and a two-hundred day moving average of $36.41. The stock has a market capitalization of $761.72 million, a PE ratio of 11.95 and a beta of 1.46.

Gentherm (NASDAQ:THRM - Get Free Report) last issued its earnings results on Thursday, April 24th. The auto parts company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. Gentherm had a net margin of 4.46% and a return on equity of 11.43%. The firm had revenue of $353.85 million during the quarter, compared to analysts' expectations of $347.39 million. During the same quarter last year, the company posted $0.62 earnings per share. Equities analysts forecast that Gentherm Incorporated will post 3.1 EPS for the current year.

Analyst Ratings Changes

Several analysts have weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of Gentherm from $56.00 to $51.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th. Robert W. Baird boosted their price objective on shares of Gentherm from $27.00 to $28.00 and gave the company a "neutral" rating in a report on Friday. Finally, StockNews.com lowered Gentherm from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 26th.

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.