Gentherm Incorporated (NASDAQ:THRM) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. decreased its position in shares of Gentherm Incorporated (NASDAQ:THRM) by 22.6% in the third quarter, HoldingsChannel reports. The firm owned 14,485 shares of the auto parts company’s stock after selling 4,224 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Gentherm were worth $695,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of THRM. Allspring Global Investments Holdings LLC lifted its stake in Gentherm by 2,995.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 268,920 shares of the auto parts company’s stock valued at $15,484,000 after acquiring an additional 260,233 shares during the period. American Century Companies Inc. lifted its position in Gentherm by 119.4% during the second quarter. American Century Companies Inc. now owns 259,185 shares of the auto parts company’s stock valued at $12,783,000 after purchasing an additional 141,047 shares during the period. Pembroke Management LTD boosted its holdings in Gentherm by 36.5% in the first quarter. Pembroke Management LTD now owns 273,827 shares of the auto parts company’s stock valued at $15,767,000 after purchasing an additional 73,227 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Gentherm by 265.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 94,247 shares of the auto parts company’s stock worth $4,648,000 after purchasing an additional 68,477 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Gentherm during the 3rd quarter valued at about $2,658,000. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Gentherm Stock Performance

Shares of THRM stock opened at $43.27 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.34. Gentherm Incorporated has a 12-month low of $39.86 and a 12-month high of $62.93. The business’s 50 day moving average is $45.23 and its two-hundred day moving average is $48.87. The company has a market capitalization of $1.36 billion, a P/E ratio of 20.22 and a beta of 1.43.

Gentherm (NASDAQ:THRM) last announced its earnings results on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.09. Gentherm had a return on equity of 14.36% and a net margin of 4.61%. The business had revenue of $371.50 million during the quarter, compared to the consensus estimate of $372.89 million. During the same period in the prior year, the company posted $0.64 EPS. The business’s quarterly revenue was up 1.4% on a year-over-year basis. Analysts expect that Gentherm Incorporated will post 2.75 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on THRM shares. Robert W. Baird lowered their target price on Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. upgraded Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price objective on the stock in a research report on Monday, October 21st. Craig Hallum cut their target price on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a report on Thursday. Finally, StockNews.com upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Gentherm presently has an average rating of “Hold” and a consensus price target of $57.00.

Insider Buying and Selling at Gentherm

In other news, CEO Phillip Eyler sold 4,402 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $50.20, for a total transaction of $220,980.40. Following the completion of the sale, the chief executive officer now owns 147,317 shares of the company’s stock, valued at $7,395,313.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.91% of the company’s stock.

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.