Gentherm Incorporated (NASDAQ:THRM) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC cut its stake in Gentherm Incorporated (NASDAQ:THRM - Free Report) by 1.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 724,182 shares of the auto parts company's stock after selling 13,421 shares during the period. Geode Capital Management LLC owned approximately 2.34% of Gentherm worth $28,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of Gentherm in the 4th quarter valued at approximately $15,400,000. Segall Bryant & Hamill LLC raised its stake in shares of Gentherm by 42.9% in the fourth quarter. Segall Bryant & Hamill LLC now owns 525,026 shares of the auto parts company's stock valued at $20,962,000 after acquiring an additional 157,544 shares in the last quarter. Global Alpha Capital Management Ltd. raised its position in Gentherm by 23.8% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 782,983 shares of the auto parts company's stock valued at $31,261,000 after purchasing an additional 150,310 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Gentherm by 136.1% in the fourth quarter. JPMorgan Chase & Co. now owns 160,176 shares of the auto parts company's stock worth $6,395,000 after acquiring an additional 92,345 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Gentherm by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 3,667,551 shares of the auto parts company's stock worth $146,427,000 after purchasing an additional 74,758 shares during the last quarter. 97.13% of the stock is owned by institutional investors and hedge funds.

Gentherm Stock Performance

Shares of THRM stock traded up $0.06 during midday trading on Monday, hitting $24.45. The company had a trading volume of 513,203 shares, compared to its average volume of 229,653. Gentherm Incorporated has a 52-week low of $22.75 and a 52-week high of $56.72. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.38. The company's 50 day simple moving average is $29.66 and its 200 day simple moving average is $36.95. The stock has a market cap of $752.79 million, a price-to-earnings ratio of 11.81 and a beta of 1.46.

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

Analysts Set New Price Targets

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