Royce & Associates LP Decreases Stock Position in Gentherm Incorporated (NASDAQ:THRM)

Royce & Associates LP reduced its stake in Gentherm Incorporated (NASDAQ:THRM - Free Report) by 49.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 106,402 shares of the auto parts company's stock after selling 102,750 shares during the period. Royce & Associates LP owned 0.34% of Gentherm worth $4,248,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in THRM. Rhumbline Advisers grew its position in shares of Gentherm by 0.3% during the fourth quarter. Rhumbline Advisers now owns 90,758 shares of the auto parts company's stock worth $3,623,000 after acquiring an additional 277 shares during the last quarter. Captrust Financial Advisors grew its position in shares of Gentherm by 3.9% during the third quarter. Captrust Financial Advisors now owns 8,296 shares of the auto parts company's stock worth $386,000 after acquiring an additional 314 shares during the last quarter. Quarry LP grew its position in shares of Gentherm by 952.9% during the third quarter. Quarry LP now owns 537 shares of the auto parts company's stock worth $25,000 after acquiring an additional 486 shares during the last quarter. KBC Group NV grew its position in shares of 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 acquiring an additional 822 shares during the last quarter. Finally, Truist Financial Corp grew its position in shares of Gentherm by 2.6% during the fourth quarter. Truist Financial Corp now owns 40,490 shares of the auto parts company's stock worth $1,617,000 after acquiring an additional 1,037 shares during the last quarter. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

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Gentherm Price Performance

Shares of NASDAQ:THRM traded down $0.29 on Friday, reaching $30.08. 674,091 shares of the company were exchanged, compared to its average volume of 193,682. The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.36. Gentherm Incorporated has a 1-year low of $29.70 and a 1-year high of $57.96. The firm has a market cap of $926.13 million, a price-to-earnings ratio of 14.53 and a beta of 1.45. The company has a 50-day moving average of $35.29 and a 200-day moving average of $40.19.

Gentherm (NASDAQ:THRM - Get Free Report) last posted its quarterly earnings results 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 return on equity of 11.43% and a net margin of 4.46%. The company had revenue of $352.91 million for the quarter, compared to analyst estimates of $360.29 million. During the same period last year, the company earned $0.90 earnings per share. The business's revenue for the quarter was down 3.8% compared to the same quarter last year. Equities analysts forecast that Gentherm Incorporated will post 3.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on THRM. JPMorgan Chase & Co. lowered their target price on shares of Gentherm from $56.00 to $51.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th. Robert W. Baird lowered their target price on shares of Gentherm from $44.00 to $39.00 and set a "neutral" rating on the stock in a research report on Thursday, February 20th. Finally, StockNews.com lowered shares of Gentherm from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 26th.

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.