Nuance Investments LLC Sells 148,284 Shares of Gentherm Inc (NASDAQ:THRM)

Key Points

• Nuance Investments LLC reduced its stake in Gentherm Inc by 41.7%, selling 148,284 shares during the first quarter, leaving it with approximately 0.67% ownership valued at $5.55 million.
• Gentherm reported $0.54 EPS for its last quarter, missing analyst estimates, but generated $375.09 million in revenue, exceeding expectations despite a slight decline compared to the previous year.
• Wall Street analysts have upgraded its stock, with a consensus price target of $46.00 and multiple firms rating it as a buy or strong-buy.

Nuance Investments LLC decreased its position in shares of Gentherm Inc (NASDAQ:THRM - Free Report) by 41.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 207,667 shares of the auto parts company's stock after selling 148,284 shares during the quarter. Nuance Investments LLC owned about 0.67% of Gentherm worth $5,553,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cerity Partners LLC boosted its stake in Gentherm by 89.9% during the 1st quarter. Cerity Partners LLC now owns 52,505 shares of the auto parts company's stock worth $1,404,000 after acquiring an additional 24,857 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake 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. GAMMA Investing LLC boosted its stake in Gentherm by 11,463.4% during the 1st quarter. GAMMA Investing LLC now owns 56,314 shares of the auto parts company's stock worth $1,506,000 after acquiring an additional 55,827 shares during the last quarter. Deutsche Bank AG boosted its stake 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 acquiring an additional 10,192 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in Gentherm by 22.0% during the 4th quarter. Bank of America Corp DE now owns 140,869 shares of the auto parts company's stock worth $5,624,000 after acquiring an additional 25,432 shares during the last quarter. Institutional investors own 97.13% of the company's stock.

Gentherm Price Performance

NASDAQ THRM opened at $32.69 on Tuesday. The firm's 50 day moving average is $30.12 and its 200-day moving average is $29.85. The company has a quick ratio of 1.35, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $997.70 million, a PE ratio of 32.05 and a beta of 1.45. Gentherm Inc has a 12-month low of $22.75 and a 12-month high of $52.06.

Gentherm (NASDAQ:THRM - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The auto parts company reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.59 by ($0.05). The business had revenue of $375.09 million during the quarter, compared to the consensus estimate of $358.09 million. Gentherm had a return on equity of 9.90% and a net margin of 2.18%. The business's revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.66 EPS. Equities research analysts anticipate that Gentherm Inc will post 3.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wall Street Zen upgraded shares of Gentherm from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Robert W. Baird raised their target price on shares of 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 target price on shares of Gentherm from $37.00 to $38.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Finally, Baird R W upgraded shares of Gentherm from a "hold" rating to a "strong-buy" rating in a report on Friday, July 11th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $46.00.

About Gentherm

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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