Chatham Capital Group Inc. reduced its position in Gentherm Inc (NASDAQ:THRM) by 7.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,214 shares of the auto parts company’s stock after selling 3,551 shares during the period. Chatham Capital Group Inc. owned 0.11% of Gentherm worth $1,618,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. First Bank & Trust purchased a new position in Gentherm during the fourth quarter worth approximately $108,000. US Bancorp DE raised its position in Gentherm by 43.9% in the third quarter. US Bancorp DE now owns 3,772 shares of the auto parts company’s stock worth $119,000 after buying an additional 1,151 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in Gentherm during the first quarter worth approximately $124,000. State of Alaska Department of Revenue raised its position in Gentherm by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 4,040 shares of the auto parts company’s stock worth $158,000 after buying an additional 90 shares in the last quarter. Finally, Forward Management LLC raised its position in Gentherm by 5.0% in the first quarter. Forward Management LLC now owns 5,104 shares of the auto parts company’s stock worth $201,000 after buying an additional 245 shares in the last quarter. 98.95% of the stock is owned by hedge funds and other institutional investors.
Shares of Gentherm Inc (NASDAQ:THRM) traded down 2.58% on Friday, reaching $37.80. 308,082 shares of the company traded hands. The stock has a 50 day moving average of $37.95 and a 200 day moving average of $35.97. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 15.43 and a beta of 1.89. Gentherm Inc has a 52-week low of $26.60 and a 52-week high of $39.90.
Gentherm (NASDAQ:THRM) last announced its earnings results on Thursday, April 27th. The auto parts company reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.14. The business had revenue of $249.30 million during the quarter, compared to analysts’ expectations of $240.57 million. Gentherm had a net margin of 9.47% and a return on equity of 19.53%. The firm’s revenue was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.59 earnings per share. On average, analysts expect that Gentherm Inc will post $2.52 earnings per share for the current year.
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A number of research firms recently commented on THRM. Zacks Investment Research lowered shares of Gentherm from a “hold” rating to a “sell” rating in a research note on Wednesday, April 26th. FBR & Co reissued an “outperform” rating and set a $45.00 target price on shares of Gentherm in a research note on Tuesday, March 28th. Argus raised shares of Gentherm from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Thursday, March 16th. TheStreet raised shares of Gentherm from a “c+” rating to a “b-” rating in a research note on Wednesday, March 1st. Finally, BMO Capital Markets reissued an “outperform” rating and set a $44.00 target price (up previously from $42.00) on shares of Gentherm in a research note on Wednesday, May 3rd. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $41.88.
In other Gentherm news, VP Erin Erwine Ascher sold 1,800 shares of the stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $39.17, for a total value of $70,506.00. Following the completion of the sale, the vice president now owns 23,839 shares in the company, valued at $933,773.63. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Darren Schumacher sold 15,000 shares of the stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $37.59, for a total transaction of $563,850.00. Following the completion of the sale, the insider now owns 47,881 shares of the company’s stock, valued at approximately $1,799,846.79. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,300 shares of company stock valued at $1,370,286. Corporate insiders own 2.30% of the company’s stock.
Gentherm Company Profile
Gentherm Incorporated (Gentherm) is a global technology company engaged in the design, development, and manufacturing of thermal management technologies. The Company has two segments: Automotive and Industrial. Its products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation, patient temperature management, environmental product testing and other consumer and industrial temperature control needs.
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