Wells Fargo & Company MN lessened its stake in shares of Gentherm Inc (NASDAQ:THRM) by 5.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 244,405 shares of the auto parts company’s stock after selling 12,762 shares during the quarter. Wells Fargo & Company MN owned about 0.66% of Gentherm worth $9,484,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Legato Capital Management LLC acquired a new stake in shares of Gentherm during the second quarter worth $1,416,000. Virginia Retirement Systems ET AL boosted its holdings in shares of Gentherm by 5.2% during the second quarter. Virginia Retirement Systems ET AL now owns 52,800 shares of the auto parts company’s stock worth $2,049,000 after purchasing an additional 2,600 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Gentherm by 3.2% during the first quarter. Geode Capital Management LLC now owns 293,124 shares of the auto parts company’s stock worth $11,505,000 after purchasing an additional 9,094 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Gentherm by 152,589.9% during the first quarter. BlackRock Inc. now owns 4,608,180 shares of the auto parts company’s stock worth $180,872,000 after purchasing an additional 4,605,162 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Gentherm by 185.0% during the first quarter. Envestnet Asset Management Inc. now owns 6,142 shares of the auto parts company’s stock worth $242,000 after purchasing an additional 3,987 shares during the last quarter. Hedge funds and other institutional investors own 96.75% of the company’s stock.

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Several research firms have recently issued reports on THRM. FBR & Co restated a “buy” rating on shares of Gentherm in a report on Wednesday. BidaskClub cut Gentherm from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Roth Capital set a $33.00 price objective on Gentherm and gave the stock a “hold” rating in a report on Friday, July 28th. TheStreet cut Gentherm from a “b-” rating to a “c+” rating in a report on Thursday, August 17th. Finally, Barrington Research decreased their price objective on Gentherm from $47.00 to $43.00 and set an “outperform” rating on the stock in a report on Friday, July 28th. Two equities research 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. The company has an average rating of “Hold” and an average target price of $40.75.

Gentherm Inc (NASDAQ THRM) opened at 37.05 on Thursday. Gentherm Inc has a 52-week low of $26.60 and a 52-week high of $40.80. The firm has a 50-day moving average price of $32.90 and a 200 day moving average price of $35.97. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 17.00 and a beta of 1.97.

Gentherm (NASDAQ:THRM) last released its earnings results on Thursday, July 27th. The auto parts company reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.38). The firm had revenue of $243.40 million for the quarter, compared to analyst estimates of $244.48 million. Gentherm had a return on equity of 16.34% and a net margin of 8.34%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.59 EPS. On average, equities research analysts predict that Gentherm Inc will post $2.07 EPS for the current year.

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.

Institutional Ownership by Quarter for Gentherm (NASDAQ:THRM)

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