Truist Financial Corp lowered its position in shares of Gentherm Incorporated (NASDAQ:THRM – Free Report) by 2.1% in the fourth quarter, HoldingsChannel reports. The firm owned 37,107 shares of the auto parts company’s stock after selling 813 shares during the period. Truist Financial Corp’s holdings in Gentherm were worth $1,943,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in THRM. PNC Financial Services Group Inc. grew its stake in Gentherm by 14.9% during the third quarter. PNC Financial Services Group Inc. now owns 2,123 shares of the auto parts company’s stock worth $115,000 after buying an additional 276 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in shares of Gentherm in the 3rd quarter worth approximately $207,000. Panagora Asset Management Inc. bought a new stake in Gentherm during the 3rd quarter worth approximately $210,000. Pathstone Family Office LLC acquired a new stake in Gentherm during the 3rd quarter valued at $235,000. Finally, Handelsbanken Fonder AB raised its position in Gentherm by 9.2% in the 4th quarter. Handelsbanken Fonder AB now owns 5,916 shares of the auto parts company’s stock valued at $310,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 97.13% of the company’s stock.
Insider Activity at Gentherm
In other Gentherm news, CEO Phillip Eyler sold 15,000 shares of Gentherm stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $51.47, for a total transaction of $772,050.00. Following the transaction, the chief executive officer now directly owns 147,317 shares in the company, valued at $7,582,405.99. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.91% of the company’s stock.
Gentherm Stock Down 0.4 %
Shares of NASDAQ THRM opened at $51.37 on Friday. The company has a current ratio of 2.10, a quick ratio of 1.44 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $1.63 billion, a PE ratio of 35.18 and a beta of 1.49. The firm’s 50-day moving average is $53.60 and its 200-day moving average is $50.39. Gentherm Incorporated has a 1 year low of $38.21 and a 1 year high of $66.54.
Gentherm (NASDAQ:THRM – Get Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.19. The business had revenue of $356.00 million for the quarter, compared to analyst estimates of $361.11 million. Gentherm had a return on equity of 13.56% and a net margin of 3.23%. The firm’s revenue was down 2.1% on a year-over-year basis. During the same period last year, the company earned $0.49 EPS. Equities analysts expect that Gentherm Incorporated will post 2.93 EPS for the current year.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the company. Robert W. Baird decreased their target price on Gentherm from $67.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. JPMorgan Chase & Co. decreased their price objective on shares of Gentherm from $63.00 to $60.00 and set an “underweight” rating on the stock in a report on Monday, April 22nd. Finally, StockNews.com upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $65.75.
Get Our Latest Stock Analysis on THRM
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.
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Source: defenseworld.net
