First Mercantile Trust Co. reduced its stake in shares of Gentherm Inc. (NASDAQ:THRM) by 21.8% during the second quarter, Holdings Channel reports. The fund owned 5,327 shares of the company’s stock after selling 1,487 shares during the period. First Mercantile Trust Co.’s holdings in Gentherm were worth $182,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of THRM. BlackRock Inc. increased its position in shares of Gentherm by 85.3% in the first quarter. BlackRock Inc. now owns 2,477 shares of the company’s stock worth $103,000 after buying an additional 1,140 shares during the period. Springbok Capital Management LLC increased its position in shares of Gentherm by 4.0% in the first quarter. Springbok Capital Management LLC now owns 2,600 shares of the company’s stock worth $108,000 after buying an additional 100 shares during the period. PineBridge Investments L.P. increased its position in shares of Gentherm by 4.1% in the second quarter. PineBridge Investments L.P. now owns 4,621 shares of the company’s stock worth $158,000 after buying an additional 183 shares during the period. Schonfeld Strategic Advisors LLC purchased a new position in shares of Gentherm during the first quarter worth approximately $213,000. Finally, Teacher Retirement System of Texas increased its position in shares of Gentherm by 21.3% in the second quarter. Teacher Retirement System of Texas now owns 5,115 shares of the company’s stock worth $175,000 after buying an additional 898 shares during the period. Hedge funds and other institutional investors own 96.36% of the company’s stock.
Shares of Gentherm Inc. (NASDAQ:THRM) opened at 30.75 on Wednesday. The company’s 50 day moving average is $31.68 and its 200 day moving average is $35.75. The company has a market cap of $1.12 billion, a P/E ratio of 12.98 and a beta of 1.89. Gentherm Inc. has a one year low of $29.78 and a one year high of $51.71.
Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by $0.07. Gentherm had a return on equity of 20.22% and a net margin of 9.77%. The business had revenue of $232.72 million for the quarter, compared to analyst estimates of $240.54 million. During the same quarter in the previous year, the company posted $0.54 EPS. The business’s quarterly revenue was up 9.0% on a year-over-year basis. On average, equities analysts predict that Gentherm Inc. will post $2.06 earnings per share for the current year.
A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of Gentherm from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. FBR & Co decreased their price objective on shares of Gentherm from $49.00 to $42.00 and set a “market perform” rating for the company in a research report on Friday, July 29th. KeyCorp reissued an “equal weight” rating on shares of Gentherm in a research report on Friday, September 9th. Argus reaffirmed a “buy” rating and set a $44.00 target price on shares of Gentherm in a report on Tuesday, June 14th. Finally, Roth Capital downgraded shares of Gentherm from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $33.00 to $53.00 in a report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $45.00.
Gentherm Company Profile
Gentherm Incorporated (Gentherm) is a global technology company, which is engaged in the design, development, and manufacturing of innovative thermal management technologies and automotive cable systems. The Company has two segments: Automotive and Industrial. The Automotive segment comprises Gentherm’s three geographic operating segments: North America, Europe and Asia.
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