Geode Capital Management LLC Sells 13,421 Shares of Gentherm Incorporated (NASDAQ:THRM)

Geode Capital Management LLC lowered its holdings 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 724,182 shares of the auto parts company’s stock after selling 13,421 shares during the quarter. Geode Capital Management LLC owned about 2.34% of Gentherm worth $28,920,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Barclays PLC increased its position in Gentherm by 234.8% during the third quarter. Barclays PLC now owns 61,466 shares of the auto parts company’s stock worth $2,861,000 after buying an additional 43,108 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Gentherm by 46.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 67,831 shares of the auto parts company’s stock worth $3,158,000 after acquiring an additional 21,376 shares in the last quarter. Global Alpha Capital Management Ltd. increased its holdings in shares of Gentherm by 23.8% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 782,983 shares of the auto parts company’s stock valued at $31,261,000 after acquiring an additional 150,310 shares during the last quarter. Amundi raised its stake in shares of Gentherm by 185.5% in the 4th quarter. Amundi now owns 15,143 shares of the auto parts company’s stock valued at $595,000 after acquiring an additional 9,839 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Gentherm in the 4th quarter worth approximately $15,400,000. Institutional investors and hedge funds own 97.13% of the company’s stock.

Analyst Upgrades and Downgrades

THRM has been the topic of several analyst reports. StockNews.com downgraded Gentherm from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 26th. Robert W. Baird lowered their target price on shares of Gentherm from $39.00 to $27.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, JPMorgan Chase & Co. cut their target price on shares of Gentherm from $56.00 to $51.00 and set a “neutral” rating for the company in a research report on Monday, January 27th.

Gentherm Stock Performance

Shares of NASDAQ THRM opened at $24.39 on Friday. Gentherm Incorporated has a 12 month low of $22.75 and a 12 month high of $56.72. The company has a market cap of $750.94 million, a P/E ratio of 11.78 and a beta of 1.46. The business’s 50 day moving average is $29.89 and its two-hundred day moving average is $37.17. 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 (NASDAQ:THRM) last announced its earnings results on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.39). The company had revenue of $352.91 million for the quarter, compared to the consensus estimate of $360.29 million. Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The company’s revenue was down 3.8% compared to the same quarter last year. During the same period last year, the firm posted $0.90 EPS. On average, equities analysts expect that Gentherm Incorporated will post 3.1 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.