Royce & Associates LP Sells 102,750 Shares of Gentherm Incorporated (NASDAQ:THRM)

Royce & Associates LP reduced its holdings in shares of Gentherm Incorporated (NASDAQ:THRM) by 49.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 106,402 shares of the auto parts company’s stock after selling 102,750 shares during the quarter. Royce & Associates LP owned 0.34% of Gentherm worth $4,248,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Disciplined Growth Investors Inc. MN lifted its position in shares of Gentherm by 2.0% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,169,671 shares of the auto parts company’s stock worth $54,448,000 after buying an additional 23,051 shares during the last quarter. Global Alpha Capital Management Ltd. lifted its position in shares of Gentherm by 23.8% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 782,983 shares of the auto parts company’s stock worth $31,261,000 after buying an additional 150,310 shares during the last quarter. FMR LLC lifted its position in shares of Gentherm by 26.8% during the 3rd quarter. FMR LLC now owns 507,598 shares of the auto parts company’s stock worth $23,629,000 after buying an additional 107,322 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Gentherm by 5.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 486,565 shares of the auto parts company’s stock worth $19,426,000 after buying an additional 25,736 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Gentherm by 9.2% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 443,715 shares of the auto parts company’s stock worth $20,659,000 after buying an additional 37,215 shares during the last quarter. 97.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

THRM has been the subject of several recent analyst reports. JPMorgan Chase & Co. dropped their price objective on Gentherm from $56.00 to $51.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. StockNews.com downgraded Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 26th. Finally, Robert W. Baird dropped their target price on Gentherm from $44.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th.

Gentherm Price Performance

Gentherm stock opened at $30.44 on Thursday. The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $937.22 million, a PE ratio of 14.71 and a beta of 1.45. Gentherm Incorporated has a 12 month low of $29.75 and a 12 month high of $57.96. The stock has a 50-day moving average price of $35.63 and a two-hundred day moving average price of $40.46.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.39). The company had revenue of $352.91 million during the quarter, compared to analyst estimates of $360.29 million. Gentherm had a net margin of 4.46% and a return on equity of 11.43%. The company’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.90 EPS. Analysts expect that Gentherm Incorporated will post 3.1 EPS for the current year.

About Gentherm

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.