Cerity Partners LLC Sells 161,035 Shares of Gentherm Incorporated (NASDAQ:THRM)

Cerity Partners LLC trimmed its stake in Gentherm Incorporated (NASDAQ:THRM - Free Report) by 85.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,648 shares of the auto parts company's stock after selling 161,035 shares during the quarter. Cerity Partners LLC owned about 0.09% of Gentherm worth $1,104,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC grew its stake in shares of Gentherm by 233.8% in the fourth quarter. Signaturefd LLC now owns 661 shares of the auto parts company's stock worth $26,000 after purchasing an additional 463 shares during the last quarter. KBC Group NV lifted its holdings in Gentherm by 82.2% in the 4th quarter. KBC Group NV now owns 1,822 shares of the auto parts company's stock worth $73,000 after purchasing an additional 822 shares in the last quarter. Headlands Technologies LLC lifted its position in Gentherm by 117.1% during the fourth quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company's stock valued at $73,000 after purchasing an additional 991 shares during the last quarter. Palouse Capital Management Inc. lifted its position in Gentherm by 91.6% in the fourth quarter. Palouse Capital Management Inc. now owns 3,585 shares of the auto parts company's stock worth $143,000 after buying an additional 1,714 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC grew its holdings in shares of Gentherm by 37.8% in the fourth quarter. MeadowBrook Investment Advisors LLC now owns 4,630 shares of the auto parts company's stock worth $185,000 after purchasing an additional 1,270 shares during the last quarter. Institutional investors and hedge funds own 97.13% of the company's stock.

Gentherm Stock Performance

NASDAQ:THRM traded down $0.68 during trading hours on Thursday, reaching $24.14. 392,782 shares of the stock were exchanged, compared to its average volume of 238,741. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.36. The firm has a 50 day simple moving average of $29.00 and a 200-day simple moving average of $36.65. Gentherm Incorporated has a 52 week low of $22.75 and a 52 week high of $56.72. The stock has a market capitalization of $743.12 million, a P/E ratio of 11.68 and a beta of 1.46.

Gentherm (NASDAQ:THRM - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. Gentherm had a net margin of 4.46% and a return on equity of 11.43%. As a group, sell-side analysts forecast that Gentherm Incorporated will post 3.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of Gentherm from $56.00 to $51.00 and set a "neutral" rating for the company in a report on Monday, January 27th. Robert W. Baird cut their target price on Gentherm from $39.00 to $27.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Finally, StockNews.com downgraded shares of Gentherm from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 26th.

About Gentherm

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.