Mirae Asset Global Investments Co. Ltd. Sells 15,197 Shares of Gentherm Incorporated (NASDAQ:THRM)

Mirae Asset Global Investments Co. Ltd. trimmed its stake in Gentherm Incorporated (NASDAQ:THRM) by 7.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 185,138 shares of the auto parts company’s stock after selling 15,197 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Gentherm were worth $9,694,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of THRM. The Manufacturers Life Insurance Company raised its position in shares of Gentherm by 1.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,450 shares of the auto parts company’s stock worth $760,000 after purchasing an additional 175 shares during the last quarter. MetLife Investment Management LLC lifted its stake in shares of Gentherm by 1.0% in the fourth quarter. MetLife Investment Management LLC now owns 17,707 shares of the auto parts company’s stock worth $1,156,000 after buying an additional 179 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of Gentherm by 0.6% in the first quarter. Great West Life Assurance Co. Can now owns 28,849 shares of the auto parts company’s stock worth $2,157,000 after buying an additional 181 shares in the last quarter. Bouvel Investment Partners LLC increased its position in shares of Gentherm by 0.7% during the third quarter. Bouvel Investment Partners LLC now owns 26,622 shares of the auto parts company’s stock valued at $1,445,000 after acquiring an additional 198 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Gentherm by 28.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,085 shares of the auto parts company’s stock valued at $61,000 after acquiring an additional 239 shares in the last quarter. 97.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Phillip Eyler sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $55.17, for a total value of $827,550.00. Following the transaction, the chief executive officer now owns 147,317 shares of the company’s stock, valued at $8,127,478.89. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. StockNews.com upgraded Gentherm from a “hold” rating to a “buy” rating in a research note on Thursday, February 22nd. Robert W. Baird increased their price objective on Gentherm from $60.00 to $66.00 and gave the company a “neutral” rating in a research report on Thursday, February 22nd. Finally, JPMorgan Chase & Co. boosted their target price on Gentherm from $58.00 to $63.00 and gave the stock an “underweight” rating in a research report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Gentherm currently has a consensus rating of “Hold” and an average target price of $66.75.

Gentherm Price Performance

Shares of THRM opened at $51.89 on Friday. The firm has a fifty day simple moving average of $54.06 and a two-hundred day simple moving average of $50.87. The firm has a market cap of $1.64 billion, a PE ratio of 42.19 and a beta of 1.49. The company has a current ratio of 2.12, a quick ratio of 1.48 and a debt-to-equity ratio of 0.34. Gentherm Incorporated has a 1-year low of $38.21 and a 1-year high of $66.54.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Wednesday, February 21st. The auto parts company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.54 by $0.36. Gentherm had a return on equity of 12.91% and a net margin of 2.75%. The company had revenue of $366.93 million during the quarter, compared to analyst estimates of $364.40 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. Gentherm’s revenue was up 6.9% compared to the same quarter last year. On average, equities analysts anticipate that Gentherm Incorporated will post 2.81 EPS for the current year.

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.