Trigran Investments Inc. Lowers Position in Gentherm Inc $THRM

Trigran Investments Inc. decreased its holdings in Gentherm Inc (NASDAQ:THRM) by 0.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,194,560 shares of the auto parts company’s stock after selling 15,828 shares during the quarter. Gentherm accounts for about 10.8% of Trigran Investments Inc.’s portfolio, making the stock its 2nd largest holding. Trigran Investments Inc. owned approximately 7.19% of Gentherm worth $62,084,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. First Trust Advisors LP raised its position in shares of Gentherm by 31.9% in the second quarter. First Trust Advisors LP now owns 101,616 shares of the auto parts company’s stock valued at $2,875,000 after buying an additional 24,581 shares in the last quarter. Kennedy Capital Management LLC bought a new position in Gentherm during the 2nd quarter worth $3,662,000. Invesco Ltd. raised its holdings in Gentherm by 11.0% in the 2nd quarter. Invesco Ltd. now owns 306,825 shares of the auto parts company’s stock valued at $8,680,000 after acquiring an additional 30,324 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Gentherm by 92.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 111,929 shares of the auto parts company’s stock valued at $3,166,000 after acquiring an additional 53,725 shares in the last quarter. Finally, Wealthedge Investment Advisors LLC bought a new stake in shares of Gentherm during the 2nd quarter valued at $512,000. Institutional investors and hedge funds own 97.13% of the company’s stock.

Analysts Set New Price Targets

THRM has been the topic of a number of recent analyst reports. Zacks Research cut Gentherm from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 20th. Robert W. Baird set a $42.00 price objective on shares of Gentherm in a research note on Friday, October 24th. Wall Street Zen upgraded shares of Gentherm from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 25th. Weiss Ratings downgraded shares of Gentherm from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. Finally, Roth Capital reiterated a “buy” rating and set a $44.00 price target on shares of Gentherm in a research report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Gentherm Stock Up 0.9%

THRM stock opened at $37.06 on Friday. The firm has a 50-day moving average price of $35.53 and a 200-day moving average price of $33.06. Gentherm Inc has a 12 month low of $22.75 and a 12 month high of $43.99. The company has a current ratio of 1.96, a quick ratio of 1.33 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $1.13 billion, a P/E ratio of 37.06 and a beta of 1.38.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings results on Thursday, October 23rd. The auto parts company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.09. The company had revenue of $386.87 million for the quarter, compared to analyst estimates of $374.75 million. Gentherm had a net margin of 2.08% and a return on equity of 9.55%. The firm’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.75 EPS. As a group, equities research analysts anticipate that Gentherm Inc will post 3.1 EPS for the current fiscal year.

Gentherm Company Profile

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.