Guinness Asset Management LTD Decreases Holdings in Gentherm Incorporated (NASDAQ:THRM)

Guinness Asset Management LTD cut its stake in shares of Gentherm Incorporated (NASDAQ:THRM - Free Report) by 30.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 238,271 shares of the auto parts company's stock after selling 102,111 shares during the quarter. Guinness Asset Management LTD owned 0.77% of Gentherm worth $9,511,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Barclays PLC increased its holdings 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 worth $2,861,000 after buying an additional 43,108 shares in the last quarter. Global Alpha Capital Management Ltd. increased its holdings in Gentherm by 22.6% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 632,673 shares of the auto parts company's stock worth $29,451,000 after purchasing an additional 116,500 shares in the last quarter. Raymond James & Associates raised its position in Gentherm by 18.9% in the third quarter. Raymond James & Associates now owns 128,468 shares of the auto parts company's stock valued at $5,980,000 after purchasing an additional 20,401 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Gentherm by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 460,829 shares of the auto parts company's stock valued at $21,452,000 after purchasing an additional 5,754 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Gentherm by 1.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 951,798 shares of the auto parts company's stock worth $46,943,000 after purchasing an additional 10,402 shares during the last quarter. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Gentherm

In other news, SVP Thomas Stocker sold 1,295 shares of Gentherm stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $42.98, for a total transaction of $55,659.10. Following the completion of the transaction, the senior vice president now directly owns 13,413 shares in the company, valued at $576,490.74. This trade represents a 8.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Hui (Helen) Xu sold 2,500 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $42.00, for a total value of $105,000.00. Following the completion of the sale, the senior vice president now directly owns 18,947 shares of the company's stock, valued at approximately $795,774. This trade represents 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 owned by corporate insiders.

Analyst Upgrades and Downgrades

THRM has been the topic of several recent research reports. Robert W. Baird cut their target price on shares of Gentherm from $54.00 to $50.00 and set a "neutral" rating on the stock in a research report on Thursday, October 31st. StockNews.com raised Gentherm from a "buy" rating to a "strong-buy" rating in a report on Thursday. JPMorgan Chase & Co. upgraded Gentherm from an "underweight" rating to a "neutral" rating and set a $56.00 price objective for the company in a research report on Monday, October 21st. Finally, Craig Hallum cut their price objective on Gentherm from $85.00 to $65.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st.

Gentherm Trading Up 1.5 %

THRM traded up $0.61 during trading on Monday, reaching $40.14. 186,831 shares of the stock traded hands, compared to its average volume of 212,153. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.34. The stock's 50-day moving average is $40.95 and its 200 day moving average is $45.09. Gentherm Incorporated has a 12 month low of $37.94 and a 12 month high of $62.93. The stock has a market capitalization of $1.24 billion, a PE ratio of 18.76 and a beta of 1.42.

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