Nuance Investments LLC Lowers Stock Holdings in Gentherm Inc $THRM

Nuance Investments LLC lowered its position in Gentherm Inc (NASDAQ:THRM) by 88.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 21,170 shares of the auto parts company’s stock after selling 159,709 shares during the period. Nuance Investments LLC’s holdings in Gentherm were worth $721,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Allworth Financial LP lifted its position in shares of Gentherm by 1,609.1% in the second quarter. Allworth Financial LP now owns 940 shares of the auto parts company’s stock valued at $27,000 after acquiring an additional 885 shares in the last quarter. Hantz Financial Services Inc. raised its stake in Gentherm by 16,716.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,009 shares of the auto parts company’s stock valued at $29,000 after purchasing an additional 1,003 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Gentherm by 295.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,364 shares of the auto parts company’s stock worth $39,000 after purchasing an additional 1,019 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Gentherm by 168.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,913 shares of the auto parts company’s stock worth $54,000 after purchasing an additional 1,201 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in Gentherm by 232.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,154 shares of the auto parts company’s stock worth $89,000 after purchasing an additional 2,204 shares during the period. 97.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

THRM has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Gentherm from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, October 20th. Weiss Ratings upgraded shares of Gentherm from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 26th. Robert W. Baird set a $42.00 price objective on shares of Gentherm in a report on Friday, October 24th. Roth Mkm reaffirmed a “buy” rating and issued a $44.00 target price on shares of Gentherm in a report on Friday, October 24th. Finally, Wall Street Zen upgraded Gentherm from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Gentherm has a consensus rating of “Moderate Buy” and an average price target of $43.00.

Gentherm Stock Performance

Gentherm stock opened at $32.20 on Monday. The company’s 50-day moving average price is $36.51 and its 200-day moving average price is $35.66. The company has a quick ratio of 1.33, a current ratio of 1.96 and a debt-to-equity ratio of 0.26. The company has a market cap of $982.74 million, a PE ratio of 32.20 and a beta of 1.34. Gentherm Inc has a twelve month low of $22.75 and a twelve month high of $39.48.

About Gentherm

Gentherm Incorporated (NASDAQ: THRM) is a global developer and supplier of advanced thermal management technologies for automotive, specialty vehicle, medical, consumer and industrial markets. The company’s core focus lies in delivering integrated heating and cooling systems designed to enhance energy efficiency, comfort and safety across a wide range of applications. Gentherm’s product portfolio includes seat thermal systems, heated and ventilated seating surfaces, steering wheel heaters, battery thermal management solutions, and climate systems for electric vehicles.

In the automotive sector, Gentherm partners with leading original equipment manufacturers to engineer and manufacture high-performance thermal solutions that meet stringent industry demands for reduced weight, lower energy consumption and improved passenger comfort.