State of Tennessee Treasury Department Lowers Position in Gentherm Inc (THRM)
State of Tennessee Treasury Department lessened its stake in shares of Gentherm Inc (NASDAQ:THRM) by 9.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 29,013 shares of the auto parts company’s stock after selling 3,159 shares during the period. State of Tennessee Treasury Department’s holdings in Gentherm were worth $921,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in THRM. Wells Fargo & Company MN grew its holdings in Gentherm by 124.9% during the 4th quarter. Wells Fargo & Company MN now owns 538,996 shares of the auto parts company’s stock valued at $17,113,000 after buying an additional 299,351 shares during the last quarter. Schroder Investment Management Group acquired a new stake in Gentherm during the 3rd quarter valued at $9,907,000. Fuller & Thaler Asset Management Inc. grew its holdings in Gentherm by 11.6% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 2,391,672 shares of the auto parts company’s stock valued at $88,851,000 after buying an additional 247,857 shares during the last quarter. Trigran Investments Inc. grew its holdings in Gentherm by 35.2% during the 3rd quarter. Trigran Investments Inc. now owns 741,784 shares of the auto parts company’s stock valued at $27,558,000 after buying an additional 193,277 shares during the last quarter. Finally, Van Berkom & Associates Inc. grew its holdings in Gentherm by 8.2% during the 3rd quarter. Van Berkom & Associates Inc. now owns 2,001,682 shares of the auto parts company’s stock valued at $74,362,000 after buying an additional 151,444 shares during the last quarter. Hedge funds and other institutional investors own 98.47% of the company’s stock.
Shares of Gentherm Inc (THRM) opened at $34.00 on Wednesday. Gentherm Inc has a fifty-two week low of $29.50 and a fifty-two week high of $40.80. The company has a current ratio of 2.69, a quick ratio of 1.98 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $1,250.00, a price-to-earnings ratio of 22.52, a PEG ratio of 0.59 and a beta of 1.82.
A number of brokerages have commented on THRM. BidaskClub cut Gentherm from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Longbow Research began coverage on Gentherm in a report on Friday, January 5th. They set an “underperform” rating on the stock. Craig Hallum upgraded Gentherm from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $39.00 target price (down previously from $40.00) on shares of Gentherm in a report on Wednesday, February 21st. Finally, Zacks Investment Research cut Gentherm from a “hold” rating to a “sell” rating in a report on Thursday, December 28th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $40.13.
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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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