Barrow Hanley Mewhinney & Strauss LLC Lowers Stock Position in Gentherm Incorporated (NASDAQ:THRM)

Barrow Hanley Mewhinney & Strauss LLC cut its stake in shares of Gentherm Incorporated (NASDAQ:THRM - Free Report) by 4.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 904,102 shares of the auto parts company's stock after selling 42,620 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 2.92% of Gentherm worth $36,096,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. PharVision Advisers LLC acquired a new position in Gentherm during the fourth quarter worth $297,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Gentherm by 8.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 75,394 shares of the auto parts company's stock worth $3,010,000 after acquiring an additional 5,663 shares during the period. Voloridge Investment Management LLC raised its position in Gentherm by 280.9% during the fourth quarter. Voloridge Investment Management LLC now owns 114,187 shares of the auto parts company's stock worth $4,559,000 after acquiring an additional 84,207 shares during the period. Squarepoint Ops LLC raised its position in Gentherm by 105.4% during the fourth quarter. Squarepoint Ops LLC now owns 42,647 shares of the auto parts company's stock worth $1,703,000 after acquiring an additional 21,888 shares during the period. Finally, Sherbrooke Park Advisers LLC raised its position in Gentherm by 104.7% during the fourth quarter. Sherbrooke Park Advisers LLC now owns 11,965 shares of the auto parts company's stock worth $478,000 after acquiring an additional 6,121 shares during the period. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO William T. Presley acquired 3,000 shares of the business's stock in a transaction that occurred on Friday, April 25th. The stock was purchased at an average cost of $24.67 per share, for a total transaction of $74,010.00. Following the completion of the transaction, the chief executive officer now owns 161,103 shares in the company, valued at approximately $3,974,411.01. This trade represents a 1.90% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.40% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on THRM. Wall Street Zen cut shares of Gentherm from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. reduced their price objective on shares of Gentherm from $56.00 to $51.00 and set a "neutral" rating for the company in a research report on Monday, January 27th. Finally, Robert W. Baird increased their target price on shares of Gentherm from $27.00 to $28.00 and gave the company a "neutral" rating in a research report on Friday, April 25th.

Gentherm Price Performance

Shares of NASDAQ THRM opened at $27.26 on Friday. The firm has a 50-day simple moving average of $26.52 and a 200-day simple moving average of $34.46. The stock has a market capitalization of $841.24 million, a price-to-earnings ratio of 13.17 and a beta of 1.44. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.36. Gentherm Incorporated has a 52 week low of $22.75 and a 52 week high of $56.68.

Gentherm (NASDAQ:THRM - Get Free Report) last issued its earnings results on Thursday, April 24th. The auto parts company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. The business had revenue of $353.85 million during the quarter, compared to analysts' expectations of $347.39 million. Gentherm had a net margin of 4.46% and a return on equity of 11.43%. The company's quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.62 earnings per share. On average, equities analysts predict that Gentherm Incorporated will post 3.1 earnings per share for the current fiscal year.

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.

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