Nuance Investments LLC Trims Stock Holdings in 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 trimmed its holdings in Gentherm Inc (NASDAQ:THRM - Free Report) by 41.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 207,667 shares of the auto parts company's stock after selling 148,284 shares during the period. Nuance Investments LLC owned about 0.67% of Gentherm worth $5,553,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. FNY Investment Advisers LLC purchased a new stake in shares of Gentherm in the first quarter worth about $26,000. Versant Capital Management Inc purchased a new stake in shares of Gentherm in the first quarter worth about $28,000. Quarry LP increased its stake in Gentherm by 226.8% during 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 during the last quarter. GAMMA Investing LLC increased its stake in Gentherm by 332.4% during the first quarter. GAMMA Investing LLC now owns 2,106 shares of the auto parts company's stock worth $56,000 after acquiring an additional 1,619 shares during the last quarter. Finally, US Bancorp DE increased its stake in Gentherm by 20.2% during the first quarter. US Bancorp DE now owns 3,364 shares of the auto parts company's stock worth $90,000 after acquiring an additional 565 shares during the last quarter. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

Gentherm Stock Down 1.1%

Gentherm stock traded down $0.38 during mid-day trading on Friday, reaching $35.04. 135,503 shares of the company were exchanged, compared to its average volume of 306,110. The business has a fifty day moving average of $30.76 and a 200 day moving average of $29.85. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.35 and a current ratio of 2.01. The firm has a market cap of $1.07 billion, a P/E ratio of 34.35 and a beta of 1.45. Gentherm Inc has a 12-month low of $22.75 and a 12-month high of $51.73.

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Robert W. Baird boosted their price objective on Gentherm from $28.00 to $35.00 and gave the stock an "outperform" rating in a research note on Friday, July 11th. Baird R W raised Gentherm from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 11th. Wall Street Zen raised Gentherm from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Finally, JPMorgan Chase & Co. upped their target price on Gentherm from $37.00 to $38.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $46.00.

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.