Prudential Financial Inc. Decreases Stake in Gentherm Inc (THRM)

Prudential Financial Inc. lowered its position in Gentherm Inc (NASDAQ:THRM) by 7.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 61,849 shares of the auto parts company’s stock after selling 4,620 shares during the period. Prudential Financial Inc. owned 0.17% of Gentherm worth $2,298,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Riverhead Capital Management LLC raised its position in shares of Gentherm by 70.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,730 shares of the auto parts company’s stock worth $106,000 after acquiring an additional 1,130 shares in the last quarter. First Bank & Trust raised its position in shares of Gentherm by 4.3% in the 2nd quarter. First Bank & Trust now owns 3,515 shares of the auto parts company’s stock worth $137,000 after acquiring an additional 144 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Gentherm by 12.7% in the 2nd quarter. Victory Capital Management Inc. now owns 4,479 shares of the auto parts company’s stock worth $174,000 after acquiring an additional 504 shares in the last quarter. Forward Management LLC grew its stake in shares of Gentherm by 6.0% in the 2nd quarter. Forward Management LLC now owns 5,409 shares of the auto parts company’s stock worth $210,000 after buying an additional 305 shares during the last quarter. Finally, CWA Asset Management Group LLC grew its stake in shares of Gentherm by 0.7% in the 2nd quarter. CWA Asset Management Group LLC now owns 5,792 shares of the auto parts company’s stock worth $225,000 after buying an additional 42 shares during the last quarter. 99.28% of the stock is owned by hedge funds and other institutional investors.

Shares of Gentherm Inc (THRM) opened at $34.75 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.23 and a quick ratio of 2.47. The firm has a market capitalization of $1,302.16, a P/E ratio of 19.94, a P/E/G ratio of 1.10 and a beta of 1.94. Gentherm Inc has a 52 week low of $29.50 and a 52 week high of $40.80.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.33). Gentherm had a return on equity of 12.82% and a net margin of 6.89%. The company had revenue of $235.85 million during the quarter, compared to analysts’ expectations of $235.94 million. During the same quarter in the previous year, the company earned $0.61 EPS. The business’s quarterly revenue was up 1.4% on a year-over-year basis. analysts forecast that Gentherm Inc will post 1.62 earnings per share for the current fiscal year.

In other Gentherm news, VP Erin Erwine Ascher sold 2,000 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $35.14, for a total transaction of $70,280.00. Following the sale, the vice president now directly owns 29,161 shares in the company, valued at approximately $1,024,717.54. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.30% of the company’s stock.

Several analysts recently weighed in on the company. FBR & Co restated a “buy” rating on shares of Gentherm in a research note on Wednesday, October 4th. Zacks Investment Research upgraded Gentherm from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. BidaskClub downgraded Gentherm from a “buy” rating to a “hold” rating in a research note on Tuesday. B. Riley restated a “buy” rating on shares of Gentherm in a research note on Thursday, November 2nd. Finally, ValuEngine downgraded Gentherm from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $40.75.

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Gentherm Profile

Gentherm Incorporated (Gentherm) is a global technology company engaged in the design, development, and manufacturing of thermal management technologies. The Company has two segments: Automotive and Industrial. Its products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation, patient temperature management, environmental product testing and other consumer and industrial temperature control needs.

Institutional Ownership by Quarter for Gentherm (NASDAQ:THRM)

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