Allspring Global Investments Holdings LLC lowered its position in shares of Gentherm Inc (NASDAQ:THRM - Free Report) by 5.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 224,391 shares of the auto parts company's stock after selling 13,238 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.73% of Gentherm worth $6,000,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Signaturefd LLC grew its holdings in Gentherm by 233.8% during the 4th quarter. Signaturefd LLC now owns 661 shares of the auto parts company's stock valued at $26,000 after purchasing an additional 463 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Gentherm during the first quarter valued at about $26,000. Versant Capital Management Inc purchased a new stake in shares of Gentherm during the first quarter worth about $28,000. Quarry LP lifted 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 in the last quarter. Finally, Headlands Technologies LLC boosted its holdings in Gentherm by 117.1% in 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 owned by institutional investors and hedge funds.
Gentherm Stock Down 3.2%
Shares of THRM stock traded down $0.97 during trading hours on Monday, hitting $29.79. 192,447 shares of the company were exchanged, compared to its average volume of 266,320. The stock has a market capitalization of $919.32 million, a price-to-earnings ratio of 18.62 and a beta of 1.42. Gentherm Inc has a one year low of $22.75 and a one year high of $56.68. The business's 50-day simple moving average is $27.67 and its two-hundred day simple moving average is $31.16. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.49 and a current ratio of 2.16.
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, topping the consensus estimate of $0.48 by $0.03. The company had revenue of $353.85 million during the quarter, compared to analyst estimates of $347.39 million. Gentherm had a return on equity of 10.81% and a net margin of 3.44%. The business's revenue was down .6% on a year-over-year basis. During the same quarter last year, the firm earned $0.62 EPS. Sell-side analysts predict that Gentherm Inc will post 3.1 EPS for the current fiscal year.
Insider Buying and Selling at Gentherm
In other Gentherm news, CEO William T. Presley purchased 3,000 shares of the firm's stock in a transaction dated Friday, April 25th. The stock was acquired at an average cost of $24.67 per share, with a total value of $74,010.00. Following the acquisition, the chief executive officer owned 161,103 shares of the company's stock, valued at approximately $3,974,411.01. This represents a 1.90% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.40% of the company's stock.
Wall Street Analyst Weigh In
Separately, Robert W. Baird upped their target price on Gentherm from $27.00 to $28.00 and gave the company a "neutral" rating in a research report on Friday, April 25th.
Check Out Our Latest Analysis on THRM
About Gentherm
(
Free Report)
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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