Universal Beteiligungs und Servicegesellschaft mbH Reduces Holdings in Gentherm Inc $THRM

Universal Beteiligungs und Servicegesellschaft mbH trimmed its holdings in shares of Gentherm Inc (NASDAQ:THRM) by 58.3% in the fourth quarter, HoldingsChannel reports. The firm owned 49,667 shares of the auto parts company’s stock after selling 69,447 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Gentherm were worth $1,806,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC increased its stake in shares of Gentherm by 160.3% during the 4th quarter. Farther Finance Advisors LLC now owns 812 shares of the auto parts company’s stock worth $30,000 after purchasing an additional 500 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of Gentherm during the 4th quarter worth approximately $50,000. Nisa Investment Advisors LLC increased its stake in shares of Gentherm by 20.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,641 shares of the auto parts company’s stock worth $56,000 after purchasing an additional 277 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Gentherm by 232.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,154 shares of the auto parts company’s stock worth $89,000 after purchasing an additional 2,204 shares in the last quarter. Finally, iSAM Funds UK Ltd purchased a new position in shares of Gentherm during the 3rd quarter worth approximately $111,000. 97.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on THRM. Roth Mkm dropped their price objective on shares of Gentherm from $44.00 to $39.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. Loop Capital set a $38.00 price objective on shares of Gentherm in a research note on Wednesday, February 25th. Stifel Nicolaus lifted their target price on shares of Gentherm from $37.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Argus raised shares of Gentherm to a “hold” rating in a research note on Friday, February 27th. Finally, Robert W. Baird lifted their target price on shares of Gentherm from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $37.20.

Gentherm Stock Up 0.7%

THRM stock opened at $30.30 on Friday. The stock has a market capitalization of $929.30 million, a P/E ratio of 40.40 and a beta of 1.35. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.36 and a current ratio of 1.97. Gentherm Inc has a one year low of $25.47 and a one year high of $39.48. The company has a 50 day moving average price of $29.48 and a two-hundred day moving average price of $33.58.

Gentherm (NASDAQ:THRM) last released its 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 firm 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%. Gentherm’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.51 EPS. As a group, sell-side analysts expect that Gentherm Inc will post 2.68 EPS for the current 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.