Geode Capital Management LLC Sells 13,421 Shares of Gentherm Incorporated (NASDAQ:THRM)

Geode Capital Management LLC decreased 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 13F filing with the Securities and Exchange Commission. The firm owned 724,182 shares of the auto parts company's stock after selling 13,421 shares during the period. Geode Capital Management LLC owned approximately 2.34% of Gentherm worth $28,920,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in THRM. Barclays PLC raised its holdings in shares of Gentherm by 234.8% during the third quarter. Barclays PLC now owns 61,466 shares of the auto parts company's stock worth $2,861,000 after acquiring an additional 43,108 shares in the last quarter. JPMorgan Chase & Co. increased its position in Gentherm by 46.0% during the third quarter. JPMorgan Chase & Co. now owns 67,831 shares of the auto parts company's stock worth $3,158,000 after buying an additional 21,376 shares during the last quarter. Global Alpha Capital Management Ltd. increased its position in Gentherm by 23.8% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 782,983 shares of the auto parts company's stock worth $31,261,000 after buying an additional 150,310 shares during the last quarter. Amundi grew its position in shares of Gentherm by 185.5% in the fourth quarter. Amundi now owns 15,143 shares of the auto parts company's stock valued at $595,000 after purchasing an additional 9,839 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Gentherm during the fourth quarter worth about $15,400,000. Institutional investors and hedge funds own 97.13% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Robert W. Baird dropped their price target on Gentherm from $39.00 to $27.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. StockNews.com lowered Gentherm from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. lowered their price target on Gentherm from $56.00 to $51.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th.

Gentherm Stock Performance

THRM stock traded up $0.67 during midday trading on Wednesday, reaching $25.16. 165,344 shares of the company were exchanged, compared to its average volume of 233,649. The business has a 50-day moving average price of $29.22 and a two-hundred day moving average price of $36.73. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.38. The firm has a market capitalization of $774.65 million, a price-to-earnings ratio of 12.15 and a beta of 1.46. Gentherm Incorporated has a one year low of $22.75 and a one year high of $56.72.

Gentherm (NASDAQ:THRM - Get Free Report) last posted its earnings results on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.68 by ($0.39). Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The company had revenue of $352.91 million for the quarter, compared to analyst estimates of $360.29 million. During the same quarter in the prior year, the business posted $0.90 EPS. The business's quarterly revenue was down 3.8% compared to the same quarter last year. Equities research analysts forecast that Gentherm Incorporated will post 3.1 EPS for the current year.

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.