Lord Abbett & CO. LLC Decreases Stock Holdings in Gentherm Incorporated (NASDAQ:THRM)

Lord Abbett & CO. LLC trimmed its position in Gentherm Incorporated (NASDAQ:THRM - Free Report) by 38.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 313,528 shares of the auto parts company's stock after selling 194,866 shares during the quarter. Lord Abbett & CO. LLC owned about 1.01% of Gentherm worth $12,518,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC raised 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 acquiring an additional 463 shares during the period. KBC Group NV lifted its holdings in Gentherm by 82.2% in the 4th 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 in the last quarter. Headlands Technologies LLC boosted its stake in Gentherm by 117.1% in the 4th 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. Palouse Capital Management Inc. grew its holdings in Gentherm by 91.6% during 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 in the last quarter. Finally, MeadowBrook Investment Advisors LLC raised its position in shares of Gentherm by 37.8% during the fourth quarter. MeadowBrook Investment Advisors LLC now owns 4,630 shares of the auto parts company's stock valued at $185,000 after buying an additional 1,270 shares during the last quarter. Institutional investors own 97.13% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on THRM shares. StockNews.com downgraded shares of Gentherm from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. dropped their price target on Gentherm from $56.00 to $51.00 and set a "neutral" rating for the company in a research note on Monday, January 27th. Finally, Robert W. Baird lifted their price objective on Gentherm from $27.00 to $28.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th.

Insider Activity at Gentherm

In other Gentherm news, CEO William T. Presley purchased 3,000 shares of Gentherm stock in a transaction dated Friday, April 25th. The shares were purchased 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 $3,974,411.01. This represents a 1.90 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.40% of the stock is currently owned by insiders.

Gentherm Trading Up 1.4 %

THRM traded up $0.36 on Friday, hitting $26.76. The company had a trading volume of 169,070 shares, compared to its average volume of 249,130. The business's fifty day simple moving average is $27.94 and its 200 day simple moving average is $35.95. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.36. Gentherm Incorporated has a 12-month low of $22.75 and a 12-month high of $56.68. The company has a market cap of $825.72 million, a PE ratio of 12.93 and a beta of 1.46.

Gentherm (NASDAQ:THRM - Get Free Report) last announced its earnings results on Thursday, April 24th. The auto parts company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.03. The firm had revenue of $353.85 million during the quarter, compared to analysts' expectations of $347.39 million. Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The company's quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.62 EPS. Equities research analysts expect that Gentherm Incorporated will post 3.1 EPS for the current 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.