Assenagon Asset Management S.A. Sells 38,313 Shares of Gentherm Incorporated (NASDAQ:THRM)

Assenagon Asset Management S.A. decreased its position in shares of Gentherm Incorporated (NASDAQ:THRM - Free Report) by 67.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 18,785 shares of the auto parts company's stock after selling 38,313 shares during the period. Assenagon Asset Management S.A. owned about 0.06% of Gentherm worth $750,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC increased its stake in shares of Gentherm by 234.8% during the third quarter. Barclays PLC now owns 61,466 shares of the auto parts company's stock valued at $2,861,000 after purchasing an additional 43,108 shares in the last quarter. Global Alpha Capital Management Ltd. raised its stake in Gentherm by 22.6% during the third quarter. Global Alpha Capital Management Ltd. now owns 632,673 shares of the auto parts company's stock valued at $29,451,000 after buying an additional 116,500 shares during the last quarter. Raymond James & Associates boosted its holdings in Gentherm by 18.9% in the third quarter. Raymond James & Associates now owns 128,468 shares of the auto parts company's stock worth $5,980,000 after acquiring an additional 20,401 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Gentherm by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 460,829 shares of the auto parts company's stock worth $21,452,000 after acquiring an additional 5,754 shares during the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of Gentherm by 880.7% during the third quarter. Cerity Partners LLC now owns 188,683 shares of the auto parts company's stock valued at $8,783,000 after acquiring an additional 169,443 shares in the last quarter. Institutional investors own 97.13% of the company's stock.

Insider Transactions at Gentherm

In other news, SVP Thomas Stocker sold 1,295 shares of the stock in a transaction 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 completion of the sale, the senior vice president now directly owns 13,413 shares of the company's stock, valued at $576,490.74. This represents a 8.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Hui (Helen) Xu sold 2,500 shares of the firm's stock in a transaction on Thursday, December 5th. The shares were 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. The trade was a 11.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.91% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on THRM shares. StockNews.com downgraded shares of Gentherm from a "strong-buy" rating to a "buy" rating in a research report on Friday. Robert W. Baird cut their price target on shares of Gentherm from $54.00 to $50.00 and set a "neutral" rating on the stock in a report on Thursday, October 31st. Craig Hallum lowered their price target on Gentherm from $85.00 to $65.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. upgraded shares of Gentherm from an "underweight" rating to a "neutral" rating and set a $56.00 target price on the stock in a research note on Monday, October 21st.

Gentherm Stock Performance

Shares of THRM stock traded down $0.01 on Friday, reaching $39.67. The stock had a trading volume of 101,271 shares, compared to its average volume of 145,286. The stock has a market cap of $1.23 billion, a P/E ratio of 18.54 and a beta of 1.42. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.38 and a current ratio of 2.02. Gentherm Incorporated has a 1 year low of $37.94 and a 1 year high of $62.93. The company has a 50 day simple moving average of $40.60 and a 200 day simple moving average of $44.82.

Gentherm (NASDAQ:THRM - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.09. Gentherm had a net margin of 4.61% and a return on equity of 14.36%. The company had revenue of $371.50 million for the quarter, compared to the consensus estimate of $372.89 million. During the same quarter last year, the firm posted $0.64 earnings per share. The firm's revenue was up 1.4% compared to the same quarter last year. Equities research analysts expect that Gentherm Incorporated will post 2.71 EPS for the current year.

Gentherm 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.