JPMorgan Chase & Co. Lowers Stake in Gentherm Inc $THRM

JPMorgan Chase & Co. reduced its stake in shares of Gentherm Inc (NASDAQ:THRM) by 41.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,806 shares of the auto parts company’s stock after selling 44,445 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.21% of Gentherm worth $2,173,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its stake in shares of Gentherm by 20.3% during the third quarter. Nisa Investment Advisors LLC now owns 1,641 shares of the auto parts company’s stock valued at $56,000 after purchasing an additional 277 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Gentherm by 232.0% during 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 purchasing an additional 2,204 shares during the period. iSAM Funds UK Ltd purchased a new stake in shares of Gentherm during the third quarter valued at $111,000. GAMMA Investing LLC boosted its stake in shares of Gentherm by 8.9% during the third quarter. GAMMA Investing LLC now owns 3,710 shares of the auto parts company’s stock valued at $126,000 after purchasing an additional 304 shares during the period. Finally, Quadrant Capital Group LLC purchased a new stake in shares of Gentherm during the third quarter valued at $174,000. 97.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

THRM has been the subject of a number of recent analyst reports. Argus raised shares of Gentherm to a “hold” rating in a research note on Friday, February 27th. Wall Street Zen lowered shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 21st. Weiss Ratings lowered shares of Gentherm from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, February 9th. Robert W. Baird decreased their price objective on Gentherm from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, February 20th. Finally, Roth Mkm decreased their price objective on Gentherm from $44.00 to $39.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Gentherm has a consensus rating of “Hold” and a consensus target price of $39.40.

Gentherm Stock Performance

THRM stock opened at $27.69 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.92 and a quick ratio of 1.30. The business has a 50-day moving average price of $30.67 and a 200 day moving average price of $34.26. The company has a market capitalization of $845.26 million, a P/E ratio of 45.39 and a beta of 1.34. Gentherm Inc has a 1-year low of $22.75 and a 1-year high of $39.48.

Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Thursday, February 19th. The auto parts company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.08). The firm had revenue of $382.79 million during the quarter, compared to the consensus estimate of $371.91 million. Gentherm had a net margin of 1.22% and a return on equity of 10.07%. The business’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 earnings per share. As a group, equities research analysts forecast that Gentherm Inc will post 3.1 EPS for the current fiscal year.

About Gentherm

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.