Rockefeller Capital Management L.P. Sells 426,362 Shares of Gentherm Incorporated (NASDAQ:THRM)

Rockefeller Capital Management L.P. reduced its stake in Gentherm Incorporated (NASDAQ:THRM - Free Report) by 96.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,353 shares of the auto parts company's stock after selling 426,362 shares during the period. Rockefeller Capital Management L.P. owned 0.06% of Gentherm worth $700,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Signaturefd LLC lifted its stake 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 during the last quarter. KBC Group NV lifted its stake 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 during the last quarter. Headlands Technologies LLC lifted its stake 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 during the last quarter. Palouse Capital Management Inc. lifted its position in shares of 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 acquiring an additional 1,714 shares in the last quarter. Finally, MeadowBrook Investment Advisors LLC boosted its stake in Gentherm by 37.8% in the 4th quarter. MeadowBrook Investment Advisors LLC now owns 4,630 shares of the auto parts company's stock worth $185,000 after purchasing an additional 1,270 shares during the period. 97.13% of the stock is owned by institutional investors and hedge funds.

Gentherm Stock Down 0.2 %

Shares of Gentherm stock traded down $0.05 during midday trading on Monday, hitting $24.69. The company's stock had a trading volume of 647,956 shares, compared to its average volume of 245,822. The firm has a market capitalization of $760.18 million, a P/E ratio of 11.93 and a beta of 1.46. The stock has a 50-day simple moving average of $28.39 and a 200-day simple moving average of $36.20. 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 1-year low of $22.75 and a 1-year high of $56.72.

Gentherm (NASDAQ:THRM - Get Free Report) last announced 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 return on equity of 11.43% and a net margin of 4.46%. The business had revenue of $353.85 million during the quarter, compared to analyst estimates of $347.39 million. During the same period last year, the company earned $0.62 earnings per share. Gentherm's quarterly revenue was down .6% compared to the same quarter last year. As a group, sell-side analysts expect that Gentherm Incorporated will post 3.1 earnings per share for the current year.

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 acquired 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 approximately $3,974,411.01. The trade was a 1.90 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on THRM. Robert W. Baird increased their target price on Gentherm from $27.00 to $28.00 and gave the company a "neutral" rating in a report on Friday. JPMorgan Chase & Co. decreased their target price on Gentherm from $56.00 to $51.00 and set a "neutral" rating for the company in a research report on Monday, January 27th. Finally, StockNews.com cut Gentherm from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 26th.

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.