MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Cuts Stake in Gentherm Incorporated (NASDAQ:THRM)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its stake in Gentherm Incorporated (NASDAQ:THRM - Free Report) by 11.6% during the fourth quarter, according to its most recent Form 13F filing with the 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 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Lazard Asset Management LLC increased its stake in Gentherm by 15.1% in the 4th quarter. Lazard Asset Management LLC now owns 202,878 shares of the auto parts company's stock valued at $8,099,000 after buying an additional 26,576 shares during the period. Gotham Asset Management LLC bought a new position in shares of Gentherm during the fourth quarter valued at $617,000. Deutsche Bank AG increased its position in Gentherm by 23.0% in the fourth 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 in the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of Gentherm by 72.5% in 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 acquiring an additional 81,780 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in Gentherm in the 4th quarter worth about $1,877,000. 97.13% of the stock is owned by institutional investors.

Gentherm Stock Down 1.5%

Shares of THRM stock traded down $0.41 during trading hours on Friday, hitting $26.85. 218,438 shares of the company's stock traded hands, compared to its average volume of 258,030. The stock has a market cap of $828.59 million, a price-to-earnings ratio of 12.97 and a beta of 1.44. Gentherm Incorporated has a 12-month low of $22.75 and a 12-month high of $56.68. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.36. The stock's fifty day simple moving average is $26.44 and its two-hundred day simple moving average is $34.20.

Gentherm (NASDAQ:THRM - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. Gentherm had a net margin of 4.46% and a return on equity of 11.43%. The company had revenue of $353.85 million during the quarter, compared to the consensus estimate of $347.39 million. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company's revenue for the quarter was down .6% compared to the same quarter last year. On average, analysts expect that Gentherm Incorporated will post 3.1 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Gentherm from $56.00 to $51.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th. Robert W. Baird boosted their price objective on shares of Gentherm from $27.00 to $28.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Finally, Wall Street Zen lowered shares of Gentherm from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 26th.

Insider Activity at Gentherm

In other Gentherm news, CEO William T. Presley bought 3,000 shares of the company's stock in a transaction dated Friday, April 25th. The stock was acquired at an average price of $24.67 per share, with a total value of $74,010.00. Following the completion of the acquisition, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is currently owned by insiders.

Gentherm 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.