American International Group Inc. lowered its holdings in shares of Gentherm Inc (NASDAQ:THRM) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,053 shares of the auto parts company’s stock after selling 1,774 shares during the quarter. American International Group Inc. owned 0.08% of Gentherm worth $1,082,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC purchased a new stake in Gentherm during the third quarter valued at about $204,000. BlackRock Inc. boosted its position in shares of Gentherm by 3.0% in the 3rd quarter. BlackRock Inc. now owns 5,225,390 shares of the auto parts company’s stock worth $237,497,000 after purchasing an additional 150,810 shares in the last quarter. United Services Automobile Association raised its holdings in Gentherm by 1.0% in the 3rd quarter. United Services Automobile Association now owns 199,649 shares of the auto parts company’s stock worth $9,074,000 after acquiring an additional 2,061 shares during the last quarter. William Blair Investment Management LLC raised its holdings in Gentherm by 14.1% in the 3rd quarter. William Blair Investment Management LLC now owns 408,932 shares of the auto parts company’s stock worth $18,586,000 after acquiring an additional 50,426 shares during the last quarter. Finally, Riverhead Capital Management LLC raised its stake in Gentherm by 37.0% during the 3rd quarter. Riverhead Capital Management LLC now owns 5,552 shares of the auto parts company’s stock valued at $252,000 after buying an additional 1,500 shares during the last quarter.
THRM has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Gentherm from a “sell” rating to a “hold” rating in a report on Saturday, January 19th. BidaskClub lowered shares of Gentherm from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Craig Hallum lowered shares of Gentherm from a “buy” rating to a “hold” rating and reduced their target price for the stock from $48.00 to $46.00 in a research report on Thursday, February 21st. TheStreet upgraded shares of Gentherm from a “c” rating to a “b-” rating in a research note on Friday, February 22nd. Finally, Barrington Research restated a “buy” rating and issued a $50.00 target price on shares of Gentherm in a research note on Tuesday, February 19th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $45.22.
Gentherm (NASDAQ:THRM) last announced its earnings results on Thursday, February 21st. The auto parts company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.08). Gentherm had a return on equity of 13.83% and a net margin of 4.04%. The business had revenue of $253.65 million for the quarter, compared to analysts’ expectations of $266.86 million. During the same period in the previous year, the company earned $0.61 earnings per share. Gentherm’s quarterly revenue was down 1.4% on a year-over-year basis. As a group, analysts predict that Gentherm Inc will post 2.08 earnings per share for the current fiscal year.
Gentherm Incorporated designs, develops, and manufactures thermal management technologies in North America, Europe, and Asia. The company operates through two segments, Automotive and Industrial. The Automotive segment offers automotive seat comfort systems, including seat heaters, variable temperature climate control seats that are designed to provide individualized thermal comfort to automobile passengers; and integrated electronic components, such as blowers and electronic control units.
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