Thermon Group Holdings, Inc. (NYSE:THR) Shares Sold by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. reduced its position in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 13.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,713,802 shares of the technology company's stock after selling 261,353 shares during the period. Van Lanschot Kempen Investment Management N.V. owned about 5.09% of Thermon Group worth $49,306,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. State Street Corp increased its stake in Thermon Group by 0.8% in the third quarter. State Street Corp now owns 769,187 shares of the technology company's stock valued at $22,953,000 after purchasing an additional 5,882 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Thermon Group by 40.4% during the 3rd quarter. Jane Street Group LLC now owns 48,458 shares of the technology company's stock valued at $1,446,000 after acquiring an additional 13,950 shares during the last quarter. Barclays PLC lifted its holdings in shares of Thermon Group by 312.1% during the 3rd quarter. Barclays PLC now owns 54,149 shares of the technology company's stock worth $1,616,000 after acquiring an additional 41,009 shares during the period. Geode Capital Management LLC boosted its position in shares of Thermon Group by 1.2% in the third quarter. Geode Capital Management LLC now owns 772,597 shares of the technology company's stock worth $23,059,000 after acquiring an additional 8,910 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in Thermon Group by 2.1% in the third quarter. Franklin Resources Inc. now owns 20,665 shares of the technology company's stock valued at $595,000 after purchasing an additional 422 shares during the period. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Thermon Group Trading Up 0.4 %

Shares of NYSE THR traded up $0.10 during midday trading on Friday, hitting $26.29. The stock had a trading volume of 81,922 shares, compared to its average volume of 188,064. The company has a fifty day moving average price of $27.60 and a 200 day moving average price of $28.69. The company has a market capitalization of $885.71 million, a price-to-earnings ratio of 19.33 and a beta of 0.96. Thermon Group Holdings, Inc. has a 1-year low of $23.05 and a 1-year high of $35.93. The company has a quick ratio of 1.71, a current ratio of 2.56 and a debt-to-equity ratio of 0.28.

Thermon Group (NYSE:THR - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.02. Thermon Group had a net margin of 9.48% and a return on equity of 11.72%. On average, analysts predict that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Thermon Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th.

About Thermon Group

Thermon Group Holdings, Inc provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It offers heat tracing products, such as electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other products and services.