HGK Asset Management Inc. Sells 604 Shares of Gentherm Inc (THRM)
HGK Asset Management Inc. lowered its position in shares of Gentherm Inc (NASDAQ:THRM) by 3.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,339 shares of the auto parts company’s stock after selling 604 shares during the period. HGK Asset Management Inc.’s holdings in Gentherm were worth $595,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. increased its stake in Gentherm by 152,589.9% during the 1st quarter. BlackRock Inc. now owns 4,608,180 shares of the auto parts company’s stock worth $180,872,000 after acquiring an additional 4,605,162 shares during the period. Vanguard Group Inc. increased its stake in Gentherm by 7.3% during the 1st quarter. Vanguard Group Inc. now owns 3,212,182 shares of the auto parts company’s stock worth $126,078,000 after acquiring an additional 218,171 shares during the period. Van Berkom & Associates Inc. increased its stake in Gentherm by 2.9% during the 2nd quarter. Van Berkom & Associates Inc. now owns 1,850,238 shares of the auto parts company’s stock worth $71,789,000 after acquiring an additional 51,960 shares during the period. Dimensional Fund Advisors LP increased its stake in Gentherm by 6.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,455,672 shares of the auto parts company’s stock worth $57,134,000 after acquiring an additional 89,183 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Gentherm by 7.5% during the 1st quarter. Bank of New York Mellon Corp now owns 1,202,882 shares of the auto parts company’s stock worth $47,214,000 after acquiring an additional 84,240 shares during the period. Institutional investors own 96.75% of the company’s stock.
Shares of Gentherm Inc (THRM) traded up 0.46% on Tuesday, reaching $32.45. The company’s stock had a trading volume of 4,302 shares. The stock has a 50 day moving average of $31.95 and a 200-day moving average of $36.15. Gentherm Inc has a 12 month low of $26.60 and a 12 month high of $40.80. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 14.89 and a beta of 1.94.
Gentherm (NASDAQ:THRM) last announced its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.38. Gentherm had a net margin of 8.34% and a return on equity of 16.34%. The company had revenue of $243.40 million for the quarter, compared to the consensus estimate of $244.48 million. During the same period last year, the business posted $0.59 earnings per share. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, analysts anticipate that Gentherm Inc will post $2.01 EPS for the current year.
A number of research firms have commented on THRM. BidaskClub lowered Gentherm from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. TheStreet lowered Gentherm from a “b-” rating to a “c+” rating in a research note on Thursday, August 17th. ValuEngine lowered Gentherm from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Barrington Research decreased their price target on Gentherm from $47.00 to $43.00 and set an “outperform” rating on the stock in a research note on Friday, July 28th. Finally, Zacks Investment Research lowered Gentherm from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $40.75.
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Gentherm Company Profile
Gentherm Incorporated (Gentherm) is a global technology company engaged in the design, development, and manufacturing of thermal management technologies. The Company has two segments: Automotive and Industrial. Its products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation, patient temperature management, environmental product testing and other consumer and industrial temperature control needs.
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