Envestnet Asset Management Inc. Lowers Stock Position in Gentherm Incorporated (NASDAQ:THRM)

Envestnet Asset Management Inc. trimmed its stake in shares of Gentherm Incorporated (NASDAQ:THRM - Free Report) by 18.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,118 shares of the auto parts company's stock after selling 32,742 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.46% of Gentherm worth $5,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in THRM. Signaturefd LLC raised its holdings in Gentherm by 233.8% during the 4th 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 raised its stake in Gentherm by 82.2% during the fourth 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 during the last quarter. Headlands Technologies LLC lifted its holdings in Gentherm by 117.1% in the fourth quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company's stock valued at $73,000 after buying an additional 991 shares during the period. Palouse Capital Management Inc. boosted its position in Gentherm by 91.6% during the fourth quarter. Palouse Capital Management Inc. now owns 3,585 shares of the auto parts company's stock valued at $143,000 after acquiring an additional 1,714 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC grew its holdings in Gentherm by 37.8% during the 4th quarter. MeadowBrook Investment Advisors LLC now owns 4,630 shares of the auto parts company's stock worth $185,000 after acquiring an additional 1,270 shares during the period. 97.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on THRM. StockNews.com cut Gentherm from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. lowered their price objective on shares of Gentherm from $56.00 to $51.00 and set a "neutral" rating for the company in a research note on Monday, January 27th. Finally, Robert W. Baird boosted their target price on shares of Gentherm from $27.00 to $28.00 and gave the company a "neutral" rating in a research report on Friday.

Gentherm Stock Up 0.4 %

Gentherm stock traded up $0.10 during mid-day trading on Friday, reaching $24.84. The stock had a trading volume of 317,141 shares, compared to its average volume of 242,488. The firm has a market capitalization of $764.83 million, a PE ratio of 12.03 and a beta of 1.46. Gentherm Incorporated has a fifty-two week low of $22.75 and a fifty-two week high of $56.72. The stock's 50-day simple moving average is $28.79 and its 200-day simple moving average is $36.54. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.38 and a current ratio of 2.01.

Gentherm (NASDAQ:THRM - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. The business had revenue of $353.85 million during the quarter, compared to analyst estimates of $347.39 million. Gentherm had a net margin of 4.46% and a return on equity of 11.43%. During the same quarter in the previous year, the business posted $0.62 EPS. On average, sell-side analysts forecast that Gentherm Incorporated will post 3.1 EPS for the current fiscal 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.