Northern Trust Corp cut its stake in Gentherm Inc (NASDAQ:THRM) by 1.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 480,624 shares of the auto parts company’s stock after selling 9,046 shares during the period. Northern Trust Corp owned about 1.32% of Gentherm worth $18,888,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the stock. WINTON GROUP Ltd acquired a new position in Gentherm in the 2nd quarter valued at about $3,486,000. B. Riley Financial Inc. acquired a new position in Gentherm in the 2nd quarter valued at about $252,000. grace capital acquired a new position in Gentherm in the 2nd quarter valued at about $157,000. Bank of America Corp DE increased its position in Gentherm by 8.5% in the 2nd quarter. Bank of America Corp DE now owns 298,886 shares of the auto parts company’s stock valued at $11,745,000 after acquiring an additional 23,465 shares during the period. Finally, Raymond James & Associates acquired a new position in Gentherm in the 2nd quarter valued at about $563,000.
NASDAQ THRM opened at $43.64 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.94 and a current ratio of 2.55. Gentherm Inc has a 12-month low of $30.17 and a 12-month high of $50.30. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 18.89 and a beta of 1.60.
Gentherm (NASDAQ:THRM) last released its earnings results on Thursday, October 25th. The auto parts company reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.05). Gentherm had a return on equity of 14.28% and a net margin of 2.31%. The business had revenue of $258.94 million for the quarter, compared to analyst estimates of $261.61 million. As a group, equities research analysts forecast that Gentherm Inc will post 2.24 EPS for the current year.
In other Gentherm news, Director Ronald T. Hundzinski bought 1,500 shares of the company’s stock in a transaction on Friday, August 3rd. The shares were bought at an average price of $45.90 per share, for a total transaction of $68,850.00. Following the transaction, the director now owns 9,831 shares of the company’s stock, valued at approximately $451,242.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Frithjof Oldorff sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $49.15, for a total value of $983,000.00. Following the transaction, the insider now owns 57,442 shares in the company, valued at approximately $2,823,274.30. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.
THRM has been the topic of several recent research reports. Longbow Research restated a “sell” rating and issued a $26.00 price target on shares of Gentherm in a research report on Thursday, July 26th. Barrington Research set a $50.00 price target on Gentherm and gave the company a “buy” rating in a research report on Monday, October 22nd. BidaskClub cut Gentherm from a “hold” rating to a “sell” rating in a research report on Friday, October 19th. Roth Capital set a $43.00 price target on Gentherm and gave the company a “hold” rating in a research report on Friday, July 27th. Finally, ValuEngine cut Gentherm from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $44.20.
Gentherm Incorporated designs, develops, and manufactures thermal management technologies in North America, Europe, and Asia. The company operates through two segments, Automotive and Industrial. The Automotive segment offers automotive seat comfort systems, including seat heaters, variable temperature climate control seats that are designed to provide individualized thermal comfort to automobile passengers; and integrated electronic components, such as blowers and electronic control units.
Read More: Risk Tolerance and Your Investment Decisions
Receive News & Ratings for Gentherm Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gentherm and related companies with MarketBeat.com's FREE daily email newsletter.