Victory Capital Management Inc. Sells 8,464 Shares of Gentherm Incorporated (NASDAQ:THRM)

Victory Capital Management Inc. lowered its position in Gentherm Incorporated (NASDAQ:THRM) by 9.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,998 shares of the auto parts company’s stock after selling 8,464 shares during the quarter. Victory Capital Management Inc. owned approximately 0.27% of Gentherm worth $3,957,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. raised its holdings in Gentherm by 119.4% in the second quarter. American Century Companies Inc. now owns 259,185 shares of the auto parts company’s stock worth $12,783,000 after purchasing an additional 141,047 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of 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 acquiring an additional 68,477 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Gentherm during the 3rd quarter worth approximately $2,658,000. Pembroke Management LTD lifted its position in Gentherm by 16.6% during the second quarter. Pembroke Management LTD now owns 319,230 shares of the auto parts company’s stock valued at $15,744,000 after acquiring an additional 45,403 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Gentherm by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,146,375 shares of the auto parts company’s stock valued at $56,539,000 after acquiring an additional 37,365 shares in the last quarter. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Wall Street Analyst Weigh In

THRM has been the topic of several research analyst reports. JPMorgan Chase & Co. raised shares of Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 target price on the stock in a research report on Monday, October 21st. StockNews.com raised Gentherm from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Craig Hallum reduced their target price on Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Finally, Robert W. Baird dropped their price target on Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Gentherm presently has a consensus rating of “Hold” and an average target price of $57.00.

Gentherm Stock Performance

NASDAQ THRM opened at $43.38 on Friday. The stock has a fifty day simple moving average of $43.88 and a 200-day simple moving average of $48.18. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34. The stock has a market cap of $1.34 billion, a PE ratio of 19.92 and a beta of 1.44. Gentherm Incorporated has a twelve month low of $39.86 and a twelve month high of $62.93.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $371.50 million for the quarter, compared to the consensus estimate of $372.89 million. During the same quarter in the previous year, the business earned $0.64 EPS. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. Equities analysts anticipate that Gentherm Incorporated will post 2.71 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Phillip Eyler sold 4,402 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now owns 147,317 shares in the company, valued at approximately $7,395,313.40. The trade was a 2.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.91% of the company’s stock.

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.