Gentherm Incorporated (NASDAQ:THRM) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its stake in Gentherm Incorporated (NASDAQ:THRM - Free Report) by 93.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,804 shares of the auto parts company's stock after selling 79,194 shares during the period. Victory Capital Management Inc.'s holdings in Gentherm were worth $232,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Quarry LP lifted its position in Gentherm by 952.9% in the third quarter. Quarry LP now owns 537 shares of the auto parts company's stock valued at $25,000 after acquiring an additional 486 shares during the last quarter. KBC Group NV boosted its position in shares of Gentherm by 82.2% in the 4th quarter. KBC Group NV now owns 1,822 shares of the auto parts company's stock valued at $73,000 after purchasing an additional 822 shares during the period. Palouse Capital Management Inc. increased 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 worth $143,000 after buying an additional 1,714 shares during the period. MeadowBrook Investment Advisors LLC boosted its holdings in shares of Gentherm by 37.8% in the fourth quarter. MeadowBrook Investment Advisors LLC now owns 4,630 shares of the auto parts company's stock valued at $185,000 after acquiring an additional 1,270 shares during the period. Finally, Olympiad Research LP purchased a new stake in Gentherm in the 4th quarter valued at $201,000. Institutional investors and hedge funds own 97.13% of the company's stock.

Gentherm Trading Down 6.5 %

NASDAQ:THRM traded down $2.02 during mid-day trading on Thursday, reaching $29.10. The company's stock had a trading volume of 509,038 shares, compared to its average volume of 195,953. The stock has a market cap of $895.96 million, a P/E ratio of 14.06 and a beta of 1.45. Gentherm Incorporated has a twelve month low of $29.08 and a twelve month high of $57.96. 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 fifty day simple moving average is $34.81 and its two-hundred day simple moving average is $39.85.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Robert W. Baird cut their price target on Gentherm from $44.00 to $39.00 and set a "neutral" rating for the company in a research note on Thursday, February 20th. 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. dropped their target price on shares of Gentherm from $56.00 to $51.00 and set a "neutral" rating for the company in a report on Monday, January 27th.

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.