GW&K Investment Management LLC Lowers Position in Gentherm Incorporated (NASDAQ:THRM)

GW&K Investment Management LLC trimmed its position in shares of Gentherm Incorporated (NASDAQ:THRM - Free Report) by 6.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 504,078 shares of the auto parts company's stock after selling 35,393 shares during the quarter. GW&K Investment Management LLC owned approximately 1.54% of Gentherm worth $26,394,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its stake in shares of Gentherm by 211.4% during the fourth quarter. Quadrant Capital Group LLC now owns 1,149 shares of the auto parts company's stock valued at $60,000 after purchasing an additional 780 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Gentherm by 14.9% during the third quarter. PNC Financial Services Group Inc. now owns 2,123 shares of the auto parts company's stock valued at $115,000 after purchasing an additional 276 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Gentherm during the third quarter valued at about $207,000. Panagora Asset Management Inc. acquired a new position in shares of Gentherm in the third quarter worth approximately $210,000. Finally, Pathstone Family Office LLC acquired a new position in shares of Gentherm in the third quarter worth approximately $235,000. 97.13% of the stock is owned by institutional investors and hedge funds.

Gentherm Trading Down 1.3 %

THRM stock traded down $0.62 during mid-day trading on Wednesday, reaching $48.86. The company's stock had a trading volume of 118,722 shares, compared to its average volume of 173,072. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 33.47 and a beta of 1.49. Gentherm Incorporated has a 12 month low of $38.21 and a 12 month high of $66.54. The business's 50 day moving average price is $52.70 and its 200 day moving average price is $50.78. The company has a current ratio of 2.10, a quick ratio of 1.44 and a debt-to-equity ratio of 0.34.

Gentherm (NASDAQ:THRM - Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The auto parts company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.43 by $0.19. The firm had revenue of $356.00 million during the quarter, compared to the consensus estimate of $361.11 million. Gentherm had a return on equity of 13.56% and a net margin of 3.23%. The company's quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.49 earnings per share. On average, equities research analysts predict that Gentherm Incorporated will post 2.94 EPS for the current year.

Insider Activity

In related news, CEO Phillip Eyler sold 15,000 shares of the company's stock in a transaction on Monday, May 6th. The stock was sold at an average price of $51.47, for a total transaction of $772,050.00. Following the completion of the sale, the chief executive officer now owns 147,317 shares in the company, valued at $7,582,405.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.91% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on THRM shares. Robert W. Baird cut their price objective on Gentherm from $67.00 to $65.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 1st. StockNews.com raised Gentherm from a "hold" rating to a "buy" rating in a research note on Thursday, February 22nd. Finally, JPMorgan Chase & Co. cut their price objective on Gentherm from $63.00 to $60.00 and set an "underweight" rating on the stock in a research note on Monday, April 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $65.75.

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.