Gentherm Incorporated (NASDAQ:THRM) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its stake in shares of Gentherm Incorporated (NASDAQ:THRMFree Report) by 42.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,221 shares of the auto parts company’s stock after selling 902 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Gentherm were worth $64,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Gentherm by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 3,651,904 shares of the auto parts company’s stock valued at $191,214,000 after buying an additional 16,513 shares during the last quarter. Trigran Investments Inc. grew its stake in Gentherm by 10.7% during the 4th quarter. Trigran Investments Inc. now owns 1,887,857 shares of the auto parts company’s stock valued at $98,848,000 after purchasing an additional 183,170 shares in the last quarter. Granahan Investment Management LLC raised its position in shares of Gentherm by 61.2% in the 4th quarter. Granahan Investment Management LLC now owns 412,971 shares of the auto parts company’s stock valued at $21,623,000 after purchasing an additional 156,842 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Gentherm by 5.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 412,338 shares of the auto parts company’s stock valued at $21,590,000 after purchasing an additional 20,600 shares in the last quarter. Finally, Mairs & Power Inc. raised its position in shares of Gentherm by 9.3% in the 4th quarter. Mairs & Power Inc. now owns 395,006 shares of the auto parts company’s stock valued at $20,683,000 after purchasing an additional 33,570 shares in the last quarter. 97.13% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Gentherm

In other Gentherm news, CEO Phillip Eyler sold 15,000 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $54.04, for a total value of $810,600.00. Following the completion of the transaction, the chief executive officer now owns 147,317 shares in the company, valued at approximately $7,961,010.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.91% of the company’s stock.

Analysts Set New Price Targets

THRM has been the subject of a number of research analyst reports. Robert W. Baird dropped their price target on shares of Gentherm from $67.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. JPMorgan Chase & Co. cut their target price on shares of Gentherm from $63.00 to $60.00 and set an “underweight” rating on the stock in a research note on Monday, April 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $65.75.

Check Out Our Latest Analysis on Gentherm

Gentherm Stock Performance

Shares of THRM opened at $48.46 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.10 and a quick ratio of 1.44. Gentherm Incorporated has a 12-month low of $38.21 and a 12-month high of $66.54. The business’s fifty day moving average price is $51.02 and its 200 day moving average price is $51.80. The stock has a market capitalization of $1.53 billion, a PE ratio of 33.19 and a beta of 1.46.

Gentherm (NASDAQ:THRMGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The auto parts company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.43 by $0.19. Gentherm had a net margin of 3.23% and a return on equity of 13.56%. The business had revenue of $356.00 million during the quarter, compared to analyst estimates of $361.11 million. During the same period in the previous year, the business posted $0.49 EPS. The company’s quarterly revenue was down 2.1% on a year-over-year basis. Equities research analysts forecast that Gentherm Incorporated will post 2.94 EPS for the current year.

Gentherm Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Gentherm (NASDAQ:THRM)

Receive News & Ratings for Gentherm Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gentherm and related companies with MarketBeat.com's FREE daily email newsletter.