Royal Bank of Canada Lowers Stock Position in Gentherm Incorporated (NASDAQ:THRM)

Royal Bank of Canada trimmed its stake in shares of Gentherm Incorporated (NASDAQ:THRM - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 589,069 shares of the auto parts company's stock after selling 10,631 shares during the period. Royal Bank of Canada owned 1.90% of Gentherm worth $23,518,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC lifted its holdings in Gentherm by 233.8% during the fourth quarter. Signaturefd LLC now owns 661 shares of the auto parts company's stock valued at $26,000 after purchasing an additional 463 shares in the last quarter. Quarry LP lifted its holdings in Gentherm by 226.8% during the fourth quarter. Quarry LP now owns 1,755 shares of the auto parts company's stock valued at $70,000 after purchasing an additional 1,218 shares in the last quarter. KBC Group NV lifted its holdings in Gentherm by 82.2% during the fourth quarter. KBC Group NV now owns 1,822 shares of the auto parts company's stock valued at $73,000 after purchasing an additional 822 shares in the last quarter. Headlands Technologies LLC lifted its holdings in Gentherm by 117.1% during the fourth quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company's stock valued at $73,000 after purchasing an additional 991 shares in the last quarter. Finally, Palouse Capital Management Inc. lifted its holdings in Gentherm by 91.6% during the fourth quarter. Palouse Capital Management Inc. now owns 3,585 shares of the auto parts company's stock valued at $143,000 after purchasing an additional 1,714 shares in the last quarter. 97.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO William T. Presley acquired 3,000 shares of the business's stock in a transaction that occurred on Friday, April 25th. The stock was purchased at an average cost of $24.67 per share, for a total transaction of $74,010.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Wall Street Zen cut shares of Gentherm from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 26th. Robert W. Baird increased their target price 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.

Gentherm Price Performance

Shares of NASDAQ THRM traded up $0.20 during mid-day trading on Thursday, reaching $27.86. The company's stock had a trading volume of 84,547 shares, compared to its average volume of 257,468. The stock has a 50-day moving average of $26.28 and a two-hundred day moving average of $33.99. The stock has a market capitalization of $859.73 million, a P/E ratio of 13.46 and a beta of 1.44. 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 1-year low of $22.75 and a 1-year high of $56.68.

Gentherm (NASDAQ:THRM - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The auto parts company reported $0.51 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $353.85 million during the quarter, compared to analysts' expectations of $347.39 million. During the same period last year, the business earned $0.62 earnings per share. Gentherm's revenue was down .6% compared to the same quarter last year. On average, equities research analysts anticipate that Gentherm Incorporated will post 3.1 EPS for the current fiscal year.

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.