Royal Bank of Canada Trims Stake in Gentherm Incorporated (NASDAQ:THRM)

Royal Bank of Canada decreased its position in shares of Gentherm Incorporated (NASDAQ:THRM) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 589,069 shares of the auto parts company’s stock after selling 10,631 shares during the quarter. Royal Bank of Canada owned approximately 1.90% of Gentherm worth $23,518,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Barclays PLC increased its position in Gentherm by 234.8% during the 3rd quarter. Barclays PLC now owns 61,466 shares of the auto parts company’s stock valued at $2,861,000 after purchasing an additional 43,108 shares during the period. Global Alpha Capital Management Ltd. increased its holdings in Gentherm by 23.8% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 782,983 shares of the auto parts company’s stock valued at $31,261,000 after buying an additional 150,310 shares during the period. Amundi raised its stake in Gentherm by 185.5% in the fourth quarter. Amundi now owns 15,143 shares of the auto parts company’s stock worth $595,000 after buying an additional 9,839 shares in the last quarter. Invesco Ltd. lifted its holdings in Gentherm by 16.8% during the fourth quarter. Invesco Ltd. now owns 238,975 shares of the auto parts company’s stock worth $9,541,000 after buying an additional 34,353 shares during the period. Finally, Bank of Montreal Can boosted its position in Gentherm by 20.9% during the 4th quarter. Bank of Montreal Can now owns 6,167 shares of the auto parts company’s stock valued at $246,000 after acquiring an additional 1,067 shares in the last quarter. 97.13% of the stock is currently owned by institutional investors.

Gentherm Trading Down 1.5%

Shares of NASDAQ:THRM opened at $26.85 on Friday. 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 52-week low of $22.75 and a 52-week high of $56.68. The stock has a market cap of $828.59 million, a price-to-earnings ratio of 12.97 and a beta of 1.44. The business has a 50-day moving average price of $26.44 and a 200-day moving average price of $34.27.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. Gentherm had a net margin of 4.46% and a return on equity of 11.43%. The company had revenue of $353.85 million for the quarter, compared to the consensus estimate of $347.39 million. During the same quarter in the prior year, the company earned $0.62 EPS. Gentherm’s quarterly revenue was down .6% on a year-over-year basis. Equities analysts predict that Gentherm Incorporated will post 3.1 EPS for the current year.

Insider Buying and Selling

In related news, CEO William T. Presley bought 3,000 shares of the company’s stock in a transaction that occurred on Friday, April 25th. The shares were purchased at an average cost of $24.67 per share, with a total value of $74,010.00. Following the completion of the acquisition, the chief executive officer now directly 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on THRM shares. JPMorgan Chase & Co. dropped their price objective on Gentherm from $56.00 to $51.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Robert W. Baird increased their price objective on Gentherm from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Friday, April 25th. Finally, Wall Street Zen downgraded Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 26th.

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.