Envestnet Asset Management Inc. lessened its holdings in shares of Gentherm Inc (NASDAQ:THRM) by 19.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,113 shares of the auto parts company’s stock after selling 2,677 shares during the period. Envestnet Asset Management Inc.’s holdings in Gentherm were worth $457,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Parallel Advisors LLC grew its position in shares of Gentherm by 32.5% during the 2nd quarter. Parallel Advisors LLC now owns 1,915 shares of the auto parts company’s stock worth $80,000 after purchasing an additional 470 shares in the last quarter. First Bank & Trust grew its position in shares of Gentherm by 45.9% during the 2nd quarter. First Bank & Trust now owns 3,234 shares of the auto parts company’s stock worth $135,000 after purchasing an additional 1,017 shares in the last quarter. Convergence Investment Partners LLC acquired a new position in shares of Gentherm during the 2nd quarter worth approximately $146,000. Robeco Institutional Asset Management B.V. acquired a new position in shares of Gentherm during the 3rd quarter worth approximately $167,000. Finally, Zions Bancorporation N.A. grew its position in shares of Gentherm by 6.5% during the 2nd quarter. Zions Bancorporation N.A. now owns 4,553 shares of the auto parts company’s stock worth $190,000 after purchasing an additional 276 shares in the last quarter.
Shares of Gentherm stock opened at $42.41 on Thursday. The company has a 50 day moving average of $41.66 and a 200-day moving average of $40.17. Gentherm Inc has a 1-year low of $35.63 and a 1-year high of $47.30. The company has a current ratio of 2.26, a quick ratio of 1.56 and a debt-to-equity ratio of 0.22. The company has a market cap of $1.43 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 1.66 and a beta of 1.29.
A number of research analysts have issued reports on THRM shares. Argus lowered shares of Gentherm from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Barrington Research restated a “buy” rating and set a $50.00 target price on shares of Gentherm in a research report on Monday, October 28th. ValuEngine upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Zacks Investment Research restated a “sell” rating on shares of Gentherm in a research report on Sunday, November 3rd. Finally, TheStreet upgraded shares of Gentherm from a “c+” rating to a “b+” rating in a research report on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Gentherm currently has an average rating of “Hold” and an average price target of $43.00.
Gentherm, Inc engages in the design, development, manufacture, and marketing of heating, cooling, and ventilating devices. It operates through the following business segments: Automotive and Industrial.. The Automotive segment designs, develops, produces, and sells automotive seat comfort systems, specialized automotive cable systems, and automotive and non-automotive thermal convenience products.
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