Nuveen Asset Management LLC Has $3.47 Million Stake in Gentherm Incorporated (NASDAQ:THRM)

Nuveen Asset Management LLC lessened its holdings in Gentherm Incorporated (NASDAQ:THRM - Free Report) by 38.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,921 shares of the auto parts company's stock after selling 54,548 shares during the period. Nuveen Asset Management LLC owned approximately 0.28% of Gentherm worth $3,470,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in THRM. Rhumbline Advisers grew its stake in Gentherm by 0.3% during the fourth quarter. Rhumbline Advisers now owns 90,758 shares of the auto parts company's stock worth $3,623,000 after buying an additional 277 shares during the last quarter. Comerica Bank grew its stake in Gentherm by 1.4% during the fourth quarter. Comerica Bank now owns 21,012 shares of the auto parts company's stock worth $839,000 after buying an additional 300 shares during the last quarter. Signaturefd LLC grew its stake in Gentherm by 233.8% during the fourth quarter. Signaturefd LLC now owns 661 shares of the auto parts company's stock worth $26,000 after buying an additional 463 shares during the last quarter. KBC Group NV grew its stake in Gentherm by 82.2% during the fourth quarter. KBC Group NV now owns 1,822 shares of the auto parts company's stock worth $73,000 after buying an additional 822 shares during the last quarter. Finally, Barclays PLC grew its stake in Gentherm by 1.4% during the fourth quarter. Barclays PLC now owns 62,346 shares of the auto parts company's stock worth $2,489,000 after buying an additional 880 shares during the last quarter. Institutional investors and hedge funds own 97.13% of the company's stock.

Gentherm Price Performance

Shares of THRM traded down $0.23 during mid-day trading on Thursday, hitting $27.07. 161,477 shares of the company traded hands, compared to its average volume of 259,165. Gentherm Incorporated has a one year low of $22.75 and a one year high of $56.68. The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average of $26.00 and a 200 day moving average of $33.32. The stock has a market capitalization of $835.38 million, a price-to-earnings ratio of 13.08 and a beta of 1.44.

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 firm had revenue of $353.85 million for the quarter, compared to analysts' expectations of $347.39 million. Gentherm had a net margin of 4.46% and a return on equity of 11.43%. The business's revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the firm earned $0.62 earnings per share. As a group, equities analysts expect that Gentherm Incorporated will post 3.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on THRM. Wall Street Zen cut shares of Gentherm from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 26th. Robert W. Baird upped their price objective on shares of Gentherm from $27.00 to $28.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th.

Insiders Place Their Bets

In other news, CEO William T. Presley bought 3,000 shares of the business's stock in a transaction on Friday, April 25th. The shares were bought at an average cost of $24.67 per share, for a total transaction of $74,010.00. Following the completion of the acquisition, the chief executive officer now owns 161,103 shares in the company, valued at approximately $3,974,411.01. This trade represents a 1.90% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.40% of the company's stock.

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.