Allspring Global Investments Holdings LLC decreased its holdings in Gentherm Inc (NASDAQ:THRM - Free Report) by 5.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund 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.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its position in Gentherm by 12.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,477 shares of the auto parts company's stock worth $424,000 after acquiring an additional 1,676 shares during the last quarter. Diversified Trust Co bought a new stake in Gentherm during the 1st quarter worth $251,000. Oppenheimer Asset Management Inc. grew its position in Gentherm by 10.2% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 19,616 shares of the auto parts company's stock worth $525,000 after acquiring an additional 1,818 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Gentherm during the 1st quarter worth $26,000. Finally, Bouvel Investment Partners LLC bought a new stake in Gentherm during the 1st quarter worth $739,000. Institutional investors own 97.13% of the company's stock.
Analyst Ratings Changes
Separately, Robert W. Baird upped their price target on Gentherm from $27.00 to $28.00 and gave the company a "neutral" rating in a research report on Friday, April 25th.
View Our Latest Stock Report on THRM
Gentherm Trading Up 1.1%
Shares of NASDAQ THRM traded up $0.34 during trading on Wednesday, reaching $30.59. The company had a trading volume of 224,600 shares, compared to its average volume of 267,296. The company's fifty day moving average price is $27.85 and its 200-day moving average price is $31.15. Gentherm Inc has a 12 month low of $22.75 and a 12 month high of $56.68. The stock has a market cap of $944.01 million, a P/E ratio of 19.12 and a beta of 1.42. The company has a quick ratio of 1.49, a current ratio of 2.16 and a debt-to-equity ratio of 0.41.
Gentherm (NASDAQ:THRM - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The auto parts company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. The company had revenue of $353.85 million for the quarter, compared to the consensus estimate of $347.39 million. Gentherm had a return on equity of 10.81% and a net margin of 3.44%. The firm's revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.62 EPS. As a group, research analysts expect that Gentherm Inc will post 3.1 earnings per share for the current year.
Insider Activity
In other Gentherm news, CEO William T. Presley acquired 3,000 shares of the company's stock in a transaction dated Friday, April 25th. The shares were bought at an average cost of $24.67 per share, with a total value of $74,010.00. Following the purchase, the chief executive officer directly owned 161,103 shares of the company's stock, valued at $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 hyperlink. 1.40% of the stock is owned by corporate insiders.
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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