Barrow Hanley Mewhinney & Strauss LLC Has $34.37 Million Position in Gentherm Inc $THRM

Barrow Hanley Mewhinney & Strauss LLC lessened its stake in shares of Gentherm Inc (NASDAQ:THRM) by 5.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,009,224 shares of the auto parts company’s stock after selling 59,849 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 3.31% of Gentherm worth $34,374,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of THRM. Allworth Financial LP lifted its position in shares of Gentherm by 1,609.1% during the 2nd quarter. Allworth Financial LP now owns 940 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 885 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Gentherm by 20.3% during the third quarter. Nisa Investment Advisors LLC now owns 1,641 shares of the auto parts company’s stock worth $56,000 after buying an additional 277 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Gentherm by 168.7% in the second quarter. PNC Financial Services Group Inc. now owns 1,913 shares of the auto parts company’s stock valued at $54,000 after purchasing an additional 1,201 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Gentherm by 232.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,154 shares of the auto parts company’s stock valued at $89,000 after acquiring an additional 2,204 shares during the period. Finally, GAMMA Investing LLC raised its position in Gentherm by 8.9% in the third quarter. GAMMA Investing LLC now owns 3,710 shares of the auto parts company’s stock worth $126,000 after purchasing an additional 304 shares in the last quarter. Institutional investors own 97.13% of the company’s stock.

Gentherm Stock Up 0.8%

Shares of THRM opened at $29.14 on Thursday. The business’s fifty day moving average price is $34.07 and its two-hundred day moving average price is $35.28. The firm has a market capitalization of $889.64 million, a price-to-earnings ratio of 47.77 and a beta of 1.31. Gentherm Inc has a 52 week low of $22.75 and a 52 week high of $39.48. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.30 and a current ratio of 1.92.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Thursday, February 19th. The auto parts company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.08). The firm had revenue of $382.79 million for the quarter, compared to analyst estimates of $371.91 million. Gentherm had a net margin of 1.22% and a return on equity of 10.07%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same period last year, the company earned $0.29 EPS. On average, analysts predict that Gentherm Inc will post 3.1 earnings per share for the current year.

Analysts Set New Price Targets

THRM has been the topic of a number of recent research reports. Weiss Ratings downgraded Gentherm from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 9th. Wall Street Zen downgraded Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 21st. Robert W. Baird decreased their price target on Gentherm from $42.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, February 20th. Stifel Nicolaus assumed coverage on Gentherm in a research note on Monday, February 23rd. They set a “buy” rating and a $41.00 price objective for the company. Finally, Loop Capital set a $38.00 price objective on Gentherm in a report on Wednesday, February 25th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $40.40.

Gentherm Company 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.