Bank of New York Mellon Corp Sells 38,502 Shares of Gentherm Inc (THRM)

Bank of New York Mellon Corp reduced its position in shares of Gentherm Inc (NASDAQ:THRM) by 3.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,135,006 shares of the auto parts company’s stock after selling 38,502 shares during the quarter. Bank of New York Mellon Corp owned 3.09% of Gentherm worth $42,166,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in THRM. Louisiana State Employees Retirement System grew its stake in shares of Gentherm by 0.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 15,000 shares of the auto parts company’s stock valued at $582,000 after purchasing an additional 100 shares during the period. Aperio Group LLC grew its stake in shares of Gentherm by 11.5% during the 2nd quarter. Aperio Group LLC now owns 15,108 shares of the auto parts company’s stock valued at $586,000 after purchasing an additional 1,557 shares during the period. US Bancorp DE lifted its position in shares of Gentherm by 783.0% during the 2nd quarter. US Bancorp DE now owns 10,993 shares of the auto parts company’s stock valued at $427,000 after buying an additional 9,748 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Gentherm by 5.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 321,952 shares of the auto parts company’s stock valued at $12,492,000 after buying an additional 15,211 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its position in shares of Gentherm by 4.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,640 shares of the auto parts company’s stock valued at $335,000 after buying an additional 370 shares in the last quarter. Institutional investors and hedge funds own 99.28% of the company’s stock.

Gentherm Inc (THRM) opened at $34.05 on Wednesday. Gentherm Inc has a 12-month low of $29.50 and a 12-month high of $40.80. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.47 and a current ratio of 3.23. The firm has a market capitalization of $1,270.00, a PE ratio of 19.94, a PEG ratio of 1.10 and a beta of 1.94.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.18 EPS for the quarter, missing the Zacks’ 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 business had revenue of $235.85 million during the quarter, compared to analysts’ expectations of $235.94 million. During the same period in the prior year, the firm posted $0.61 earnings per share. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. sell-side analysts predict that Gentherm Inc will post 1.62 earnings per share for the current year.

In related news, VP Erin Erwine Ascher sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $35.14, for a total value of $70,280.00. Following the transaction, the vice president now directly owns 29,161 shares of the company’s stock, valued at approximately $1,024,717.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.30% of the stock is currently owned by insiders.

A number of research analysts have recently weighed in on THRM shares. FBR & Co reaffirmed a “buy” rating and set a $45.00 price objective on shares of Gentherm in a research report on Thursday, October 26th. ValuEngine cut Gentherm from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research cut Gentherm from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. B. Riley reaffirmed a “buy” rating on shares of Gentherm in a research report on Thursday, November 2nd. Finally, TheStreet cut Gentherm from a “b-” rating to a “c+” rating in a research report on Thursday, August 17th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus 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.

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Institutional Ownership by Quarter for Gentherm (NASDAQ:THRM)

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