Bastion Asset Management Inc. Sells 111,900 Shares of Gentherm Inc $THRM

Bastion Asset Management Inc. trimmed its position in shares of Gentherm Inc (NASDAQ:THRM) by 61.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,619 shares of the auto parts company’s stock after selling 111,900 shares during the quarter. Gentherm accounts for approximately 1.3% of Bastion Asset Management Inc.’s holdings, making the stock its 27th largest position. Bastion Asset Management Inc. owned approximately 0.23% of Gentherm worth $2,311,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of THRM. Public Sector Pension Investment Board increased its position in Gentherm by 12.9% during the third quarter. Public Sector Pension Investment Board now owns 119,092 shares of the auto parts company’s stock valued at $4,056,000 after acquiring an additional 13,587 shares during the last quarter. Illinois Municipal Retirement Fund grew its stake in shares of Gentherm by 4.2% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 17,047 shares of the auto parts company’s stock valued at $581,000 after purchasing an additional 689 shares during the period. Linden Thomas Advisory Services LLC increased its position in shares of Gentherm by 3.5% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 40,509 shares of the auto parts company’s stock valued at $1,380,000 after purchasing an additional 1,388 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Gentherm by 4.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 122,961 shares of the auto parts company’s stock worth $4,188,000 after purchasing an additional 5,472 shares during the period. Finally, SummerHaven Investment Management LLC purchased a new position in shares of Gentherm in the third quarter worth approximately $929,000. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. Weiss Ratings cut shares of Gentherm from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 9th. Wall Street Zen upgraded Gentherm from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. JPMorgan Chase & Co. lifted their target price on Gentherm from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, October 20th. Robert W. Baird set a $42.00 price target on Gentherm in a report on Friday, October 24th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Gentherm in a research note on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $43.00.

Gentherm Stock Up 1.1%

Shares of NASDAQ:THRM opened at $32.21 on Monday. The company has a market cap of $983.05 million, a price-to-earnings ratio of 32.21 and a beta of 1.34. Gentherm Inc has a 12 month low of $22.75 and a 12 month high of $39.48. The company has a current ratio of 1.96, a quick ratio of 1.33 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average price of $36.08 and a 200 day moving average price of $35.61.

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.