Gentherm Inc $THRM Shares Sold by Truist Financial Corp

Truist Financial Corp lowered its holdings in Gentherm Inc (NASDAQ:THRM) by 77.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,131 shares of the auto parts company’s stock after selling 42,651 shares during the period. Truist Financial Corp’s holdings in Gentherm were worth $441,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Gentherm by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 3,332,197 shares of the auto parts company’s stock worth $121,192,000 after purchasing an additional 29,214 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Gentherm by 1.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,361,684 shares of the auto parts company’s stock worth $46,380,000 after buying an additional 18,259 shares during the period. Harvey Partners LLC boosted its holdings in shares of Gentherm by 72.6% in the third quarter. Harvey Partners LLC now owns 1,024,500 shares of the auto parts company’s stock worth $34,894,000 after buying an additional 431,072 shares during the period. Segall Bryant & Hamill LLC boosted its holdings in shares of Gentherm by 46.7% in the third quarter. Segall Bryant & Hamill LLC now owns 997,125 shares of the auto parts company’s stock worth $33,962,000 after buying an additional 317,246 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Gentherm by 42.8% in the third quarter. Ameriprise Financial Inc. now owns 635,066 shares of the auto parts company’s stock worth $21,630,000 after buying an additional 190,432 shares during the period. Institutional investors and hedge funds own 97.13% of the company’s stock.

Gentherm Stock Performance

THRM stock opened at $29.96 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.36 and a current ratio of 1.97. The stock has a market cap of $918.87 million, a P/E ratio of 39.95 and a beta of 1.35. The firm has a 50 day simple moving average of $29.14 and a 200 day simple moving average of $33.19. Gentherm Inc has a 52 week low of $25.76 and a 52 week high of $39.48.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Thursday, April 23rd. The auto parts company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.53 by $0.31. The business had revenue of $393.71 million during the quarter, compared to analysts’ expectations of $363.82 million. Gentherm had a net margin of 1.47% and a return on equity of 11.25%. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period last year, the company posted $0.51 earnings per share. Research analysts anticipate that Gentherm Inc will post 2.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Argus upgraded shares of Gentherm to a “hold” rating in a report on Friday, February 27th. JPMorgan Chase & Co. raised their target price on shares of Gentherm from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Loop Capital set a $38.00 target price on shares of Gentherm in a report on Wednesday, February 25th. Robert W. Baird raised their target price on shares of Gentherm from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Finally, Roth Mkm decreased their target price on shares of 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 and five have given a Hold rating to the company. Based on data from MarketBeat, Gentherm has a consensus rating of “Hold” and a consensus target price of $37.40.

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.