Gentherm Inc $THRM Shares Sold by Trigran Investments Inc.

Trigran Investments Inc. trimmed its position in Gentherm Inc (NASDAQ:THRM) by 20.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,749,467 shares of the auto parts company’s stock after selling 445,093 shares during the quarter. Gentherm accounts for approximately 10.8% of Trigran Investments Inc.’s portfolio, making the stock its 2nd largest holding. Trigran Investments Inc. owned about 5.73% of Gentherm worth $59,587,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of THRM. Nisa Investment Advisors LLC raised its holdings in Gentherm by 20.3% in the third quarter. Nisa Investment Advisors LLC now owns 1,641 shares of the auto parts company’s stock valued at $56,000 after buying an additional 277 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Gentherm by 8.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,710 shares of the auto parts company’s stock valued at $126,000 after acquiring an additional 304 shares in the last quarter. Amalgamated Bank boosted its position in Gentherm by 3.4% during the 3rd quarter. Amalgamated Bank now owns 9,165 shares of the auto parts company’s stock worth $312,000 after purchasing an additional 304 shares during the period. Diversified Trust Co increased its holdings in Gentherm by 6.2% in the 3rd quarter. Diversified Trust Co now owns 9,909 shares of the auto parts company’s stock valued at $338,000 after purchasing an additional 575 shares in the last quarter. Finally, Illinois Municipal Retirement Fund raised its position in Gentherm by 4.2% in the third quarter. Illinois Municipal Retirement Fund now owns 17,047 shares of the auto parts company’s stock valued at $581,000 after purchasing an additional 689 shares during the period. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Loop Capital set a $38.00 target price on Gentherm in a research note on Wednesday, February 25th. Weiss Ratings downgraded shares of Gentherm from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 9th. Argus raised shares of Gentherm to a “hold” rating in a research report on Friday, February 27th. Wall Street Zen downgraded shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 21st. Finally, Stifel Nicolaus initiated coverage on shares of Gentherm in a research note on Monday, February 23rd. They set a “buy” rating and a $41.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $40.40.

Gentherm Stock Down 0.7%

THRM stock opened at $30.54 on Friday. The company has a current ratio of 1.92, a quick ratio of 1.30 and a debt-to-equity ratio of 0.26. The firm has a 50 day simple moving average of $34.71 and a 200-day simple moving average of $35.46. The company has a market capitalization of $932.39 million, a P/E ratio of 50.07 and a beta of 1.31. Gentherm Inc has a twelve month low of $22.75 and a twelve month high of $39.48.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Thursday, February 19th. The auto parts company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.08). The company had revenue of $382.79 million for the quarter, compared to the consensus estimate of $371.91 million. Gentherm had a net margin of 1.22% and a return on equity of 10.07%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.29 earnings per share. On average, equities research analysts predict that Gentherm Inc will post 3.1 earnings per share for the current fiscal year.

About Gentherm

Gentherm Incorporated (NASDAQ: THRM) is a global developer and supplier of advanced thermal management technologies for automotive, specialty vehicle, medical, consumer and industrial markets. The company’s core focus lies in delivering integrated heating and cooling systems designed to enhance energy efficiency, comfort and safety across a wide range of applications. Gentherm’s product portfolio includes seat thermal systems, heated and ventilated seating surfaces, steering wheel heaters, battery thermal management solutions, and climate systems for electric vehicles.

In the automotive sector, Gentherm partners with leading original equipment manufacturers to engineer and manufacture high-performance thermal solutions that meet stringent industry demands for reduced weight, lower energy consumption and improved passenger comfort.