Boston Partners Sells 17,492 Shares of Thermon Group Holdings, Inc. (NYSE:THR)

Boston Partners trimmed its stake in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 66.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,709 shares of the technology company’s stock after selling 17,492 shares during the period. Boston Partners’ holdings in Thermon Group were worth $251,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. acquired a new position in Thermon Group during the 3rd quarter worth $481,000. Victory Capital Management Inc. raised its position in shares of Thermon Group by 11.1% during the third quarter. Victory Capital Management Inc. now owns 40,000 shares of the technology company’s stock worth $1,194,000 after acquiring an additional 4,000 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Thermon Group by 5.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 381,428 shares of the technology company’s stock valued at $11,382,000 after acquiring an additional 19,083 shares during the period. Algert Global LLC boosted its holdings in Thermon Group by 56.2% in the third quarter. Algert Global LLC now owns 47,607 shares of the technology company’s stock valued at $1,421,000 after acquiring an additional 17,124 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in Thermon Group by 1.8% in the third quarter. D.A. Davidson & CO. now owns 29,282 shares of the technology company’s stock valued at $874,000 after acquiring an additional 506 shares during the last quarter. 99.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Thermon Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th.

Thermon Group Stock Performance

Shares of Thermon Group stock opened at $29.26 on Monday. The firm has a fifty day moving average of $28.94 and a two-hundred day moving average of $29.19. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.71 and a current ratio of 2.56. The stock has a market capitalization of $985.60 million, a price-to-earnings ratio of 21.51 and a beta of 0.98. Thermon Group Holdings, Inc. has a 52 week low of $25.76 and a 52 week high of $35.93.

Thermon Group (NYSE:THR) last released its quarterly earnings data on Thursday, February 6th. The technology company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. Thermon Group had a return on equity of 11.72% and a net margin of 9.48%. As a group, equities research analysts predict that Thermon Group Holdings, Inc. will post 1.88 EPS for the current year.

Thermon Group Company Profile

Thermon Group Holdings, Inc provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It offers heat tracing products, such as electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other products and services.