Gentherm Incorporated (NASDAQ:THRM) Shares Sold by Royal Bank of Canada

Royal Bank of Canada cut its holdings in Gentherm Incorporated (NASDAQ:THRM - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 589,069 shares of the auto parts company's stock after selling 10,631 shares during the quarter. Royal Bank of Canada owned about 1.90% of Gentherm worth $23,518,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Signaturefd LLC raised its stake in Gentherm by 233.8% during the 4th quarter. Signaturefd LLC now owns 661 shares of the auto parts company's stock valued at $26,000 after acquiring an additional 463 shares during the last quarter. Quarry LP increased its holdings in shares of Gentherm by 226.8% in 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 during the period. KBC Group NV raised its stake in shares of 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 purchasing an additional 822 shares during the last quarter. Headlands Technologies LLC lifted its holdings in shares of Gentherm by 117.1% during the fourth quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company's stock worth $73,000 after purchasing an additional 991 shares during the period. Finally, Palouse Capital Management Inc. grew its position in Gentherm by 91.6% in the 4th quarter. Palouse Capital Management Inc. now owns 3,585 shares of the auto parts company's stock valued at $143,000 after buying an additional 1,714 shares during the last quarter. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on THRM. 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 note on Friday, April 25th. 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 related news, CEO William T. Presley purchased 3,000 shares of Gentherm stock in a transaction dated Friday, April 25th. The stock was bought at an average cost of $24.67 per share, for a total transaction of $74,010.00. Following the transaction, the chief executive officer now owns 161,103 shares in the company, valued at approximately $3,974,411.01. The trade was a 1.90% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.40% of the company's stock.

Gentherm Price Performance

Shares of THRM traded down $0.11 during mid-day trading on Friday, hitting $27.80. The company's stock had a trading volume of 18,994 shares, compared to its average volume of 257,284. The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.36. Gentherm Incorporated has a 1-year low of $22.75 and a 1-year high of $56.68. The firm has a market capitalization of $857.88 million, a P/E ratio of 13.45 and a beta of 1.44. The firm has a 50-day simple moving average of $26.28 and a 200 day simple moving average of $33.99.

Gentherm (NASDAQ:THRM - Get Free Report) last released its earnings results on Thursday, April 24th. The auto parts company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The company had revenue of $353.85 million during the quarter, compared to the consensus estimate of $347.39 million. During the same quarter last year, the company earned $0.62 earnings per share. Gentherm's quarterly revenue was down .6% compared to the same quarter last year. Analysts predict 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.