Truist Financial Corp Lowers Holdings in Gentherm Incorporated (NASDAQ:THRM)

Truist Financial Corp reduced its stake in shares of Gentherm Incorporated (NASDAQ:THRM) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,107 shares of the auto parts company’s stock after selling 813 shares during the quarter. Truist Financial Corp owned 0.11% of Gentherm worth $1,943,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its holdings in Gentherm by 25.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 175,591 shares of the auto parts company’s stock valued at $9,194,000 after purchasing an additional 35,854 shares in the last quarter. Bridge City Capital LLC lifted its holdings in Gentherm by 40.6% during the third quarter. Bridge City Capital LLC now owns 40,039 shares of the auto parts company’s stock valued at $2,173,000 after purchasing an additional 11,555 shares in the last quarter. Trigran Investments Inc. lifted its stake in shares of Gentherm by 6.1% in the third quarter. Trigran Investments Inc. now owns 1,704,687 shares of the auto parts company’s stock worth $92,496,000 after buying an additional 97,293 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Gentherm by 127.1% in the third quarter. Envestnet Asset Management Inc. now owns 169,381 shares of the auto parts company’s stock worth $9,191,000 after buying an additional 94,809 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its stake in shares of Gentherm by 107.4% in the third quarter. Hsbc Holdings PLC now owns 10,513 shares of the auto parts company’s stock worth $576,000 after buying an additional 5,443 shares in the last quarter. 97.13% of the stock is owned by institutional investors and hedge funds.

Gentherm Price Performance

Gentherm stock opened at $51.37 on Friday. Gentherm Incorporated has a 12-month low of $38.21 and a 12-month high of $66.54. The stock has a market cap of $1.63 billion, a P/E ratio of 35.18 and a beta of 1.49. The company has a 50-day moving average price of $53.60 and a 200 day moving average price of $50.39. The company has a current ratio of 2.10, a quick ratio of 1.44 and a debt-to-equity ratio of 0.34.

Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Tuesday, April 30th. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.19. Gentherm had a net margin of 3.23% and a return on equity of 13.56%. The firm had revenue of $356.00 million during the quarter, compared to analysts’ expectations of $361.11 million. During the same period last year, the business earned $0.49 earnings per share. Gentherm’s revenue was down 2.1% compared to the same quarter last year. Sell-side analysts anticipate that Gentherm Incorporated will post 2.93 earnings per share for the current year.

Insider Buying and Selling at Gentherm

In other Gentherm news, CEO Phillip Eyler sold 15,000 shares of Gentherm stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $51.47, for a total transaction of $772,050.00. Following the completion of the sale, the chief executive officer now directly owns 147,317 shares in the company, valued at $7,582,405.99. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.91% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on THRM shares. StockNews.com raised shares of Gentherm from a “hold” rating to a “buy” rating in a research note on Thursday, February 22nd. Robert W. Baird decreased their price target on shares of Gentherm from $67.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. Finally, JPMorgan Chase & Co. decreased their price target on shares of Gentherm from $63.00 to $60.00 and set an “underweight” rating on the stock in a research note on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $65.75.

Gentherm 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.