Assenagon Asset Management S.A. Trims Position in Gentherm Inc (NASDAQ:THRM)

Assenagon Asset Management S.A. cut its holdings in shares of Gentherm Inc (NASDAQ:THRM) by 36.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,861 shares of the auto parts company’s stock after selling 6,924 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Gentherm were worth $317,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Signaturefd LLC increased its holdings in shares of Gentherm by 233.8% during the 4th quarter. Signaturefd LLC now owns 661 shares of the auto parts company’s stock valued at $26,000 after purchasing an additional 463 shares in the last quarter. Versant Capital Management Inc purchased a new stake in Gentherm in the 1st quarter worth $28,000. GAMMA Investing LLC increased its holdings in Gentherm by 332.4% in the 1st quarter. GAMMA Investing LLC now owns 2,106 shares of the auto parts company’s stock worth $56,000 after acquiring an additional 1,619 shares in the last quarter. Quarry LP increased its holdings in Gentherm by 226.8% in the 4th quarter. Quarry LP now owns 1,755 shares of the auto parts company’s stock worth $70,000 after acquiring an additional 1,218 shares in the last quarter. Finally, Headlands Technologies LLC increased its holdings in Gentherm by 117.1% in the 4th quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company’s stock worth $73,000 after acquiring an additional 991 shares in the last quarter. 97.13% of the stock is owned by hedge funds and other institutional investors.

Gentherm Stock Performance

Shares of THRM stock opened at $27.44 on Friday. Gentherm Inc has a one year low of $22.75 and a one year high of $56.68. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.49 and a current ratio of 2.16. The company has a 50 day moving average price of $26.45 and a 200 day moving average price of $32.42. The firm has a market capitalization of $846.80 million, a price-to-earnings ratio of 17.15 and a beta of 1.42.

Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Thursday, April 24th. The auto parts company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. The company had revenue of $353.85 million during the quarter, compared to the consensus estimate of $347.39 million. Gentherm had a net margin of 3.44% and a return on equity of 10.81%. Gentherm’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 earnings per share. Sell-side analysts anticipate that Gentherm Inc will post 3.1 EPS for the current year.

Insider Activity at Gentherm

In related news, CEO William T. Presley bought 3,000 shares of the stock in a transaction on Friday, April 25th. The shares were purchased at an average price of $24.67 per share, with a total value of $74,010.00. Following the purchase, the chief executive officer now owns 161,103 shares in the company, valued at approximately $3,974,411.01. This represents a 1.90% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Robert W. Baird boosted their price target on shares of Gentherm from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Friday, April 25th. Wall Street Zen lowered shares of Gentherm from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 26th.

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.