Bank of New York Mellon Corp Sells 10,437 Shares of Gentherm Inc (NASDAQ:THRM)

Bank of New York Mellon Corp lowered its stake in shares of Gentherm Inc (NASDAQ:THRM - Free Report) by 4.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 208,698 shares of the auto parts company's stock after selling 10,437 shares during the period. Bank of New York Mellon Corp owned approximately 0.68% of Gentherm worth $5,581,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. FNY Investment Advisers LLC acquired a new position in shares of Gentherm during the 1st quarter worth approximately $26,000. Versant Capital Management Inc bought a new stake in Gentherm in the 1st quarter valued at $28,000. Quarry LP lifted its position in shares of Gentherm by 226.8% during the 4th quarter. Quarry LP now owns 1,755 shares of the auto parts company's stock valued at $70,000 after acquiring an additional 1,218 shares during the period. Headlands Technologies LLC lifted its position in shares of Gentherm by 117.1% during the 4th quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company's stock valued at $73,000 after acquiring an additional 991 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Gentherm by 332.4% during the 1st quarter. GAMMA Investing LLC now owns 2,106 shares of the auto parts company's stock worth $56,000 after buying an additional 1,619 shares in the last quarter. Institutional investors and hedge funds own 97.13% of the company's stock.

Gentherm Stock Up 4.7%

Shares of Gentherm stock traded up $1.53 on Friday, hitting $34.40. The company had a trading volume of 613,910 shares, compared to its average volume of 310,049. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 33.73 and a beta of 1.42. Gentherm Inc has a 1 year low of $22.75 and a 1 year high of $56.68. The stock has a 50 day moving average of $28.88 and a 200-day moving average of $30.49. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.49 and a current ratio of 2.01.

Gentherm (NASDAQ:THRM - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The auto parts company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.05). The company had revenue of $375.09 million during the quarter, compared to analysts' expectations of $358.09 million. Gentherm had a return on equity of 9.90% and a net margin of 2.18%. The business's revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the company earned $0.66 earnings per share. As a group, sell-side analysts forecast that Gentherm Inc will post 3.1 earnings per share for the current year.

Analysts Set New Price Targets

THRM has been the subject of a number of research analyst reports. Robert W. Baird boosted their price target on Gentherm from $28.00 to $35.00 and gave the stock an "outperform" rating in a report on Friday, July 11th. Wall Street Zen upgraded Gentherm from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Baird R W upgraded Gentherm from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 11th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Gentherm currently has a consensus rating of "Buy" and a consensus target price of $50.33.

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.