Nuance Investments LLC Decreases Stake in Gentherm Inc $THRM

Nuance Investments LLC reduced its holdings in shares of Gentherm Inc (NASDAQ:THRM) by 88.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,170 shares of the auto parts company’s stock after selling 159,709 shares during the quarter. Nuance Investments LLC owned 0.07% of Gentherm worth $721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of THRM. Global Alpha Capital Management Ltd. lifted its stake in Gentherm by 23.5% during the 2nd quarter. Global Alpha Capital Management Ltd. now owns 1,109,383 shares of the auto parts company’s stock valued at $31,384,000 after acquiring an additional 211,300 shares during the period. Bastion Asset Management Inc. purchased a new position in shares of Gentherm during the second quarter valued at approximately $5,032,000. Qube Research & Technologies Ltd lifted its position in Gentherm by 56.5% during the second quarter. Qube Research & Technologies Ltd now owns 469,097 shares of the auto parts company’s stock valued at $13,271,000 after purchasing an additional 169,401 shares during the period. Segall Bryant & Hamill LLC boosted its holdings in Gentherm by 32.3% in the second quarter. Segall Bryant & Hamill LLC now owns 679,879 shares of the auto parts company’s stock worth $19,234,000 after purchasing an additional 166,057 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Gentherm by 59.5% in the second quarter. Ameriprise Financial Inc. now owns 444,634 shares of the auto parts company’s stock worth $12,579,000 after purchasing an additional 165,934 shares during the last quarter. 97.13% of the stock is currently owned by institutional investors.

Gentherm Stock Up 0.7%

NASDAQ THRM opened at $32.20 on Monday. Gentherm Inc has a 52 week low of $22.75 and a 52 week high of $39.48. The company has a quick ratio of 1.33, a current ratio of 1.96 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $982.74 million, a P/E ratio of 32.20 and a beta of 1.34. The stock’s 50-day moving average price is $36.51 and its 200-day moving average price is $35.66.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on THRM. Roth Mkm reissued a “buy” rating and set a $44.00 price target on shares of Gentherm in a report on Friday, October 24th. Robert W. Baird set a $42.00 target price on Gentherm in a report on Friday, October 24th. Weiss Ratings raised Gentherm from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 26th. Wall Street Zen raised shares of Gentherm from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 25th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Gentherm from $38.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $43.00.

Gentherm Profile

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.