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

Key Points

• Envestnet Asset Management Inc. has reduced its stake in Gentherm Inc by 6.0%, selling 8,572 shares and holding 133,546 shares valued at approximately $3.57 million.
• Gentherm was upgraded to a "strong-buy" rating by Baird R W, with a new price target set at $35.00 following a report indicating a consensus target price of $50.33.
• The company's recent earnings report revealed EPS of $0.54, which fell short of the consensus estimate of $0.59, while revenue for the quarter was $375.09 million, outperforming expectations of $358.09 million.

Envestnet Asset Management Inc. decreased its stake in Gentherm Inc (NASDAQ:THRM - Free Report) by 6.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 quarter.

A number of other large investors have also recently bought and sold shares of THRM. FNY Investment Advisers LLC bought a new stake in shares of Gentherm during the first quarter worth $26,000. Versant Capital Management Inc acquired a new stake in Gentherm in the 1st quarter valued at about $28,000. GAMMA Investing LLC raised its stake in shares of Gentherm by 332.4% in the first quarter. GAMMA Investing LLC now owns 2,106 shares of the auto parts company's stock worth $56,000 after acquiring an additional 1,619 shares during the last quarter. Quarry LP raised its stake in shares of Gentherm by 226.8% in the fourth quarter. Quarry LP now owns 1,755 shares of the auto parts company's stock worth $70,000 after acquiring an additional 1,218 shares during the last quarter. Finally, 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 valued at $73,000 after purchasing an additional 991 shares during the last quarter. 97.13% of the stock is currently owned by institutional investors.

Gentherm Stock Performance

THRM stock traded down $1.36 during trading hours on Wednesday, hitting $32.59. 332,687 shares of the stock were exchanged, compared to its average volume of 289,383. The company has a current ratio of 2.01, a quick ratio of 1.35 and a debt-to-equity ratio of 0.30. The company has a 50-day simple moving average of $29.26 and a two-hundred day simple moving average of $30.38. Gentherm Inc has a 12 month low of $22.75 and a 12 month high of $56.68. The firm has a market capitalization of $994.65 million, a P/E ratio of 31.95 and a beta of 1.42.

Gentherm (NASDAQ:THRM - Get Free Report) last posted its quarterly 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 firm had revenue of $375.09 million for the quarter, compared to analyst estimates of $358.09 million. During the same quarter in the prior year, the business posted $0.66 EPS. The business's revenue was down .2% on a year-over-year basis. On average, analysts forecast that Gentherm Inc will post 3.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Robert W. Baird upped their price objective on Gentherm from $28.00 to $35.00 and gave the stock an "outperform" rating in a report on Friday, July 11th. JPMorgan Chase & Co. raised their price target on Gentherm from $37.00 to $38.00 and gave the company a "neutral" rating in a report on Monday. Baird R W raised Gentherm from a "hold" rating to a "strong-buy" rating in a report on Friday, July 11th. Finally, Wall Street Zen raised shares of Gentherm from a "hold" rating to a "buy" rating in a research note on Saturday. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $46.00.

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.