JPMorgan Chase & Co. Sells 44,445 Shares of Gentherm Inc $THRM

JPMorgan Chase & Co. cut its position in Gentherm Inc (NASDAQ:THRM) by 41.1% in the third quarter, HoldingsChannel.com reports. The firm owned 63,806 shares of the auto parts company’s stock after selling 44,445 shares during the period. JPMorgan Chase & Co.’s holdings in Gentherm were worth $2,173,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in THRM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Gentherm by 5.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,613 shares of the auto parts company’s stock worth $2,904,000 after purchasing an additional 5,824 shares in the last quarter. Millennium Management LLC raised its holdings in Gentherm by 93.4% in the first quarter. Millennium Management LLC now owns 155,617 shares of the auto parts company’s stock worth $4,161,000 after purchasing an additional 75,170 shares in the last quarter. Jane Street Group LLC raised its holdings in Gentherm by 389.2% in the first quarter. Jane Street Group LLC now owns 84,403 shares of the auto parts company’s stock worth $2,257,000 after purchasing an additional 67,150 shares in the last quarter. Franklin Resources Inc. raised its holdings in Gentherm by 8.0% in the second quarter. Franklin Resources Inc. now owns 12,913 shares of the auto parts company’s stock worth $365,000 after purchasing an additional 953 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in Gentherm by 1.3% in the second quarter. Rhumbline Advisers now owns 92,587 shares of the auto parts company’s stock worth $2,619,000 after purchasing an additional 1,173 shares in the last quarter. 97.13% of the stock is currently owned by institutional investors.

Gentherm Price Performance

Shares of NASDAQ THRM opened at $27.69 on Tuesday. The business’s 50 day moving average price is $30.67 and its 200 day moving average price is $34.26. The firm has a market cap of $845.26 million, a P/E ratio of 45.39 and a beta of 1.34. Gentherm Inc has a 52 week low of $22.75 and a 52 week high of $39.48. The company has a quick ratio of 1.30, a current ratio of 1.92 and a debt-to-equity ratio of 0.26.

Gentherm (NASDAQ:THRM) last issued its earnings results on Thursday, February 19th. The auto parts company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.08). The firm had revenue of $382.79 million during the quarter, compared to analysts’ expectations of $371.91 million. Gentherm had a net margin of 1.22% and a return on equity of 10.07%. Gentherm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 EPS. On average, sell-side analysts expect that Gentherm Inc will post 3.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on THRM. Argus upgraded shares of Gentherm to a “hold” rating in a report on Friday, February 27th. Weiss Ratings downgraded shares of Gentherm from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 9th. Loop Capital set a $38.00 price objective on shares of Gentherm in a report on Wednesday, February 25th. Robert W. Baird cut their price objective on shares of Gentherm from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, February 20th. Finally, Roth Mkm cut their price objective on shares of Gentherm from $44.00 to $39.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $39.40.

Gentherm Company Profile

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.