Allspring Global Investments Holdings LLC Sells 14,067 Shares of Gentherm Incorporated (NASDAQ:THRM)

Allspring Global Investments Holdings LLC trimmed its position in shares of Gentherm Incorporated (NASDAQ:THRM - Free Report) by 5.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 237,629 shares of the auto parts company's stock after selling 14,067 shares during the period. Allspring Global Investments Holdings LLC owned 0.77% of Gentherm worth $9,487,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP raised its position in shares of Gentherm by 952.9% during the 3rd quarter. Quarry LP now owns 537 shares of the auto parts company's stock worth $25,000 after buying an additional 486 shares in the last quarter. Gladius Capital Management LP bought a new stake in shares of Gentherm during the 3rd quarter worth about $44,000. KBC Group NV raised its position in shares of Gentherm by 82.2% during the 4th quarter. KBC Group NV now owns 1,822 shares of the auto parts company's stock worth $73,000 after buying an additional 822 shares in the last quarter. MeadowBrook Investment Advisors LLC raised its position in shares of Gentherm by 8.4% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company's stock worth $156,000 after buying an additional 260 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Gentherm during the 3rd quarter worth about $207,000. 97.13% of the stock is owned by institutional investors and hedge funds.

Gentherm Price Performance

Shares of THRM traded down $0.37 during trading hours on Friday, hitting $33.08. The stock had a trading volume of 300,313 shares, compared to its average volume of 247,609. The company's fifty day moving average is $38.31 and its two-hundred day moving average is $42.78. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.38. Gentherm Incorporated has a 52 week low of $30.25 and a 52 week high of $59.84. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 15.98 and a beta of 1.42.

Gentherm (NASDAQ:THRM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The auto parts company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.68 by ($0.39). Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The company had revenue of $352.91 million for the quarter, compared to the consensus estimate of $360.29 million. During the same period in the prior year, the company earned $0.90 EPS. The firm's revenue was down 3.8% compared to the same quarter last year. On average, analysts anticipate that Gentherm Incorporated will post 3.1 EPS for the current year.

Insider Activity

In related news, SVP Thomas Stocker sold 1,295 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $42.98, for a total value of $55,659.10. Following the sale, the senior vice president now directly owns 13,413 shares in the company, valued at $576,490.74. This trade represents a 8.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Hui (Helen) Xu sold 2,500 shares of the firm's stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $42.00, for a total transaction of $105,000.00. Following the sale, the senior vice president now owns 18,947 shares in the company, valued at $795,774. This trade represents a 11.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.91% of the company's stock.

Wall Street Analysts Forecast Growth

THRM has been the topic of a number of research reports. Robert W. Baird dropped their target price on shares of Gentherm from $44.00 to $39.00 and set a "neutral" rating on the stock in a report on Thursday. JPMorgan Chase & Co. lowered their price objective on shares of Gentherm from $56.00 to $51.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th. Craig Hallum decreased their target price on shares of Gentherm from $85.00 to $65.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. Finally, StockNews.com raised shares of Gentherm from a "buy" rating to a "strong-buy" rating in a research report on Tuesday.

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.