Thermon Group Holdings, Inc. (NYSE:THR) Shares Sold by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. trimmed its holdings in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 13.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,713,802 shares of the technology company's stock after selling 261,353 shares during the period. Van Lanschot Kempen Investment Management N.V. owned 5.09% of Thermon Group worth $49,306,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Assetmark Inc. acquired a new stake in shares of Thermon Group during the 4th quarter worth approximately $26,000. Venturi Wealth Management LLC purchased a new stake in Thermon Group in the fourth quarter valued at $47,000. AlphaQuest LLC lifted its stake in shares of Thermon Group by 57,825.0% in the 4th quarter. AlphaQuest LLC now owns 2,317 shares of the technology company's stock valued at $67,000 after purchasing an additional 2,313 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Thermon Group by 4,731.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,865 shares of the technology company's stock worth $111,000 after purchasing an additional 3,785 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of Thermon Group during the 4th quarter worth about $172,000. 99.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Thermon Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th.

Thermon Group Trading Up 0.4 %

NYSE:THR traded up $0.10 during trading hours on Friday, reaching $26.29. 81,922 shares of the stock were exchanged, compared to its average volume of 169,375. Thermon Group Holdings, Inc. has a twelve month low of $23.05 and a twelve month high of $35.93. The company has a quick ratio of 1.71, a current ratio of 2.56 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average of $27.54 and a two-hundred day moving average of $28.67. The company has a market capitalization of $885.71 million, a price-to-earnings ratio of 19.33 and a beta of 0.96.

Thermon Group (NYSE:THR - Get Free Report) last announced its earnings results on Thursday, February 6th. The technology company reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.02. Thermon Group had a return on equity of 11.72% and a net margin of 9.48%. On average, equities analysts predict that Thermon Group Holdings, Inc. will post 1.88 EPS for the current year.

About Thermon Group

Thermon Group Holdings, Inc provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It offers heat tracing products, such as electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other products and services.