Gentherm Incorporated (NASDAQ:THRM) Holdings Cut by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in Gentherm Incorporated (NASDAQ:THRM - Free Report) by 51.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 219,135 shares of the auto parts company's stock after selling 231,756 shares during the period. Bank of New York Mellon Corp owned 0.71% of Gentherm worth $8,749,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of THRM. MQS Management LLC acquired a new stake in shares of Gentherm during the 3rd quarter worth $240,000. Oppenheimer Asset Management Inc. increased its holdings in shares of Gentherm by 23.0% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 13,451 shares of the auto parts company's stock worth $626,000 after buying an additional 2,516 shares during the last quarter. Zions Bancorporation N.A. increased its holdings in shares of Gentherm by 18.3% during the 3rd quarter. Zions Bancorporation N.A. now owns 31,869 shares of the auto parts company's stock worth $1,484,000 after buying an additional 4,923 shares during the last quarter. Natixis Advisors LLC increased its holdings in shares of Gentherm by 12.2% during the 3rd quarter. Natixis Advisors LLC now owns 15,938 shares of the auto parts company's stock worth $742,000 after buying an additional 1,729 shares during the last quarter. Finally, Gladius Capital Management LP acquired a new stake in shares of Gentherm during the 3rd quarter worth $44,000. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Gentherm Stock Up 0.9 %

NASDAQ:THRM traded up $0.26 on Tuesday, reaching $30.59. The stock had a trading volume of 387,039 shares, compared to its average volume of 191,664. The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average of $35.99 and a 200 day moving average of $40.67. The stock has a market cap of $941.84 million, a P/E ratio of 14.78 and a beta of 1.45. Gentherm Incorporated has a 12-month low of $29.75 and a 12-month high of $57.96.

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Robert W. Baird dropped their price objective on Gentherm from $44.00 to $39.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. StockNews.com downgraded Gentherm from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. lowered their price target on Gentherm from $56.00 to $51.00 and set a "neutral" rating for the company in a report on Monday, January 27th.

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.