Envestnet Asset Management Inc. Sells 8,572 Shares of Gentherm Inc (NASDAQ:THRM)

Envestnet Asset Management Inc. lowered its position in shares of Gentherm Inc (NASDAQ:THRM - Free Report) by 6.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 133,546 shares of the auto parts company's stock after selling 8,572 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.43% of Gentherm worth $3,571,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. grew its stake in Gentherm by 2.3% in the first quarter. Principal Financial Group Inc. now owns 154,679 shares of the auto parts company's stock valued at $4,136,000 after acquiring an additional 3,485 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Gentherm by 12.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,477 shares of the auto parts company's stock worth $424,000 after buying an additional 1,676 shares during the period. Diversified Trust Co acquired a new position in shares of Gentherm during the first quarter worth about $251,000. Oppenheimer Asset Management Inc. boosted its position in shares of Gentherm by 10.2% during the first quarter. Oppenheimer Asset Management Inc. now owns 19,616 shares of the auto parts company's stock worth $525,000 after buying an additional 1,818 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in shares of Gentherm during the first quarter worth about $26,000. Institutional investors own 97.13% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on THRM. Baird R W raised Gentherm from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 11th. Robert W. Baird increased their price target on Gentherm from $28.00 to $35.00 and gave the company an "outperform" rating in a research report on Friday, July 11th. Finally, Wall Street Zen raised Gentherm from a "hold" rating to a "buy" rating in a research report on Saturday. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $50.33.

Gentherm Trading Up 4.7%

NASDAQ THRM opened at $34.40 on Friday. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. Gentherm Inc has a twelve month low of $22.75 and a twelve month high of $56.68. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 33.73 and a beta of 1.42. The business's fifty day moving average is $28.88 and its 200 day moving average is $30.42.

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

About Gentherm

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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