Reinhart Partners Inc. Decreases Stock Position in Gentherm Inc (NASDAQ:THRM)

Reinhart Partners Inc. cut its position in Gentherm Inc (NASDAQ:THRM) by 0.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,670 shares of the auto parts company’s stock after selling 322 shares during the quarter. Reinhart Partners Inc.’s holdings in Gentherm were worth $2,164,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Gentherm by 2.0% in the second quarter. Vanguard Group Inc. now owns 3,573,869 shares of the auto parts company’s stock valued at $149,495,000 after purchasing an additional 69,697 shares during the period. Van Berkom & Associates Inc. raised its holdings in Gentherm by 1.0% in the second quarter. Van Berkom & Associates Inc. now owns 1,973,694 shares of the auto parts company’s stock valued at $82,560,000 after acquiring an additional 19,943 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Gentherm by 11.6% in the second quarter. Bank of New York Mellon Corp now owns 1,190,915 shares of the auto parts company’s stock valued at $49,816,000 after acquiring an additional 123,463 shares in the last quarter. Trigran Investments Inc. raised its holdings in Gentherm by 3.7% in the second quarter. Trigran Investments Inc. now owns 1,151,896 shares of the auto parts company’s stock valued at $48,183,000 after acquiring an additional 40,643 shares in the last quarter. Finally, Pembroke Management LTD raised its holdings in Gentherm by 1.1% in the second quarter. Pembroke Management LTD now owns 520,452 shares of the auto parts company’s stock valued at $21,771,000 after acquiring an additional 5,705 shares in the last quarter.

Shares of THRM stock traded up $0.49 during trading hours on Friday, reaching $43.72. The stock had a trading volume of 140,100 shares, compared to its average volume of 198,062. Gentherm Inc has a twelve month low of $35.63 and a twelve month high of $47.30. The firm has a 50-day simple moving average of $41.49 and a 200-day simple moving average of $40.15. The firm has a market capitalization of $1.39 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 1.61 and a beta of 1.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.26 and a quick ratio of 1.56.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Gentherm (NASDAQ:THRM) last announced its earnings results on Tuesday, October 29th. The auto parts company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.52 by $0.16. Gentherm had a net margin of 3.99% and a return on equity of 15.78%. The company had revenue of $240.06 million during the quarter, compared to analysts’ expectations of $250.14 million. During the same period last year, the company posted $0.54 earnings per share. The business’s revenue for the quarter was down 8.2% on a year-over-year basis. On average, equities analysts anticipate that Gentherm Inc will post 2.03 earnings per share for the current year.

THRM has been the topic of several recent analyst reports. Zacks Investment Research reaffirmed a “sell” rating on shares of Gentherm in a report on Sunday, November 3rd. BidaskClub raised shares of Gentherm from a “hold” rating to a “buy” rating in a report on Saturday. ValuEngine raised shares of Gentherm from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Barrington Research reissued a “buy” rating and set a $50.00 target price on shares of Gentherm in a report on Monday, October 28th. Finally, Argus cut shares of Gentherm from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Two equities 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. Gentherm has an average rating of “Hold” and an average target price of $43.00.

Gentherm Profile

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.

Further Reading: Swap

Want to see what other hedge funds are holding THRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gentherm Inc (NASDAQ:THRM).

Institutional Ownership by Quarter for Gentherm (NASDAQ:THRM)

Leave a Reply

Your email address will not be published. Required fields are marked *

*