Goldman Sachs Group Inc. Sells 27,265 Shares of Gentherm Inc (THRM)

Goldman Sachs Group Inc. cut its holdings in Gentherm Inc (NASDAQ:THRM) by 68.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,607 shares of the auto parts company’s stock after selling 27,265 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Gentherm were worth $489,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Riverhead Capital Management LLC boosted its stake in shares of Gentherm by 70.6% during the second quarter. Riverhead Capital Management LLC now owns 2,730 shares of the auto parts company’s stock valued at $106,000 after purchasing an additional 1,130 shares in the last quarter. First Bank & Trust boosted its stake in shares of Gentherm by 4.3% during the second quarter. First Bank & Trust now owns 3,515 shares of the auto parts company’s stock valued at $137,000 after purchasing an additional 144 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Gentherm by 12.7% during the second quarter. Victory Capital Management Inc. now owns 4,479 shares of the auto parts company’s stock valued at $174,000 after purchasing an additional 504 shares in the last quarter. Forward Management LLC boosted its stake in shares of Gentherm by 6.0% during the second quarter. Forward Management LLC now owns 5,409 shares of the auto parts company’s stock valued at $210,000 after purchasing an additional 305 shares in the last quarter. Finally, CWA Asset Management Group LLC boosted its stake in shares of Gentherm by 0.7% during the second quarter. CWA Asset Management Group LLC now owns 5,792 shares of the auto parts company’s stock valued at $225,000 after purchasing an additional 42 shares in the last quarter. 97.90% of the stock is currently owned by institutional investors and hedge funds.

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A number of brokerages have recently issued reports on THRM. Zacks Investment Research downgraded Gentherm from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. FBR & Co restated a “buy” rating on shares of Gentherm in a research report on Thursday, September 14th. Roth Capital set a $33.00 price objective on Gentherm and gave the stock a “hold” rating in a research report on Friday, July 28th. B. Riley restated a “buy” rating on shares of Gentherm in a research report on Thursday, November 2nd. Finally, BMO Capital Markets lowered their price objective on Gentherm from $46.00 to $42.00 and set an “outperform” rating for the company in a research report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $40.75.

Shares of Gentherm Inc (NASDAQ:THRM) opened at $35.35 on Thursday. The company has a market capitalization of $1,296.66, a P/E ratio of 19.86, a PEG ratio of 1.08 and a beta of 1.94. Gentherm Inc has a 1-year low of $29.50 and a 1-year high of $40.80. The company has a current ratio of 3.23, a quick ratio of 2.47 and a debt-to-equity ratio of 0.26.

Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.33). The firm had revenue of $235.85 million for the quarter, compared to the consensus estimate of $235.94 million. Gentherm had a net margin of 6.89% and a return on equity of 12.82%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 EPS. sell-side analysts expect that Gentherm Inc will post 1.63 EPS for the current year.

Gentherm Profile

Gentherm Incorporated (Gentherm) is a global technology company engaged in the design, development, and manufacturing of thermal management technologies. The Company has two segments: Automotive and Industrial. Its products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation, patient temperature management, environmental product testing and other consumer and industrial temperature control needs.

Institutional Ownership by Quarter for Gentherm (NASDAQ:THRM)

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