MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 13,435 Shares of Gentherm Incorporated (NASDAQ:THRM)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its position in shares of Gentherm Incorporated (NASDAQ:THRM - Free Report) by 11.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 102,789 shares of the auto parts company's stock after selling 13,435 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.33% of Gentherm worth $4,104,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC increased its position in Gentherm by 15.1% during the 4th quarter. Lazard Asset Management LLC now owns 202,878 shares of the auto parts company's stock worth $8,099,000 after buying an additional 26,576 shares during the period. Gotham Asset Management LLC bought a new position in Gentherm during the 4th quarter worth $617,000. Deutsche Bank AG increased its position in Gentherm by 23.0% during the 4th quarter. Deutsche Bank AG now owns 54,483 shares of the auto parts company's stock worth $2,176,000 after buying an additional 10,192 shares during the period. D. E. Shaw & Co. Inc. increased its position in Gentherm by 72.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 194,584 shares of the auto parts company's stock worth $7,769,000 after buying an additional 81,780 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in Gentherm during the 4th quarter worth $1,877,000. Institutional investors own 97.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on THRM shares. Robert W. Baird increased their price objective on Gentherm from $27.00 to $28.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. JPMorgan Chase & Co. decreased their price target on Gentherm from $56.00 to $51.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th. Finally, StockNews.com cut Gentherm from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 26th.

Gentherm Stock Down 1.6%

Shares of NASDAQ THRM opened at $27.68 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.38 and a current ratio of 2.01. Gentherm Incorporated has a 52 week low of $22.75 and a 52 week high of $56.68. The stock has a market capitalization of $854.20 million, a P/E ratio of 13.37 and a beta of 1.44. The stock's fifty day moving average is $26.70 and its 200 day moving average is $34.68.

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

Insider Activity at Gentherm

In other Gentherm news, CEO William T. Presley acquired 3,000 shares of Gentherm stock in a transaction that occurred on Friday, April 25th. The shares were acquired at an average cost of $24.67 per share, with a total value of $74,010.00. Following the completion of the purchase, the chief executive officer now directly owns 161,103 shares of the company's stock, valued at $3,974,411.01. This represents a 1.90% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is currently owned by insiders.

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.

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