Victory Capital Management Inc. Cuts Holdings in Gentherm Incorporated (NASDAQ:THRM)

Victory Capital Management Inc. trimmed its holdings in Gentherm Incorporated (NASDAQ:THRM) by 93.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,804 shares of the auto parts company’s stock after selling 79,194 shares during the quarter. Victory Capital Management Inc.’s holdings in Gentherm were worth $232,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Quarry LP lifted its holdings in shares of Gentherm by 952.9% in the 3rd quarter. Quarry LP now owns 537 shares of the auto parts company’s stock worth $25,000 after acquiring an additional 486 shares during the last quarter. KBC Group NV raised its holdings in Gentherm by 82.2% during the 4th quarter. KBC Group NV now owns 1,822 shares of the auto parts company’s stock valued at $73,000 after buying an additional 822 shares during the last quarter. Palouse Capital Management Inc. raised its holdings in Gentherm by 91.6% during the 4th quarter. Palouse Capital Management Inc. now owns 3,585 shares of the auto parts company’s stock valued at $143,000 after buying an additional 1,714 shares during the last quarter. XTX Topco Ltd bought a new stake in Gentherm during the 3rd quarter valued at $207,000. Finally, MeadowBrook Investment Advisors LLC raised its holdings in Gentherm by 37.8% during the 4th quarter. MeadowBrook Investment Advisors LLC now owns 4,630 shares of the auto parts company’s stock valued at $185,000 after buying an additional 1,270 shares during the last quarter. 97.13% of the stock is currently owned by institutional investors.

Gentherm Stock Down 1.0 %

Shares of Gentherm stock opened at $30.08 on Monday. 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’s fifty day simple moving average is $35.29 and its two-hundred day simple moving average is $40.14. The company has a market cap of $926.13 million, a P/E ratio of 14.53 and a beta of 1.45. Gentherm Incorporated has a 12-month low of $29.70 and a 12-month high of $57.96.

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

Analyst Ratings Changes

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

Gentherm Company Profile

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.