Connors Investor Services Inc. decreased its holdings in shares of Gentherm Inc (NASDAQ:THRM) by 0.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,754 shares of the auto parts company’s stock after selling 432 shares during the quarter. Connors Investor Services Inc. owned 0.14% of Gentherm worth $1,998,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Bremer Bank National Association acquired a new position in Gentherm during the first quarter worth about $42,000. Parallel Advisors LLC grew its holdings in shares of Gentherm by 32.5% during the second quarter. Parallel Advisors LLC now owns 1,915 shares of the auto parts company’s stock worth $80,000 after purchasing an additional 470 shares during the last quarter. First Bank & Trust grew its holdings in shares of Gentherm by 45.9% during the second quarter. First Bank & Trust now owns 3,234 shares of the auto parts company’s stock worth $135,000 after purchasing an additional 1,017 shares during the last quarter. Convergence Investment Partners LLC bought a new stake in shares of Gentherm during the second quarter worth about $146,000. Finally, NumerixS Investment Technologies Inc boosted its holdings in Gentherm by 200.0% in the first quarter. NumerixS Investment Technologies Inc now owns 4,200 shares of the auto parts company’s stock valued at $156,000 after acquiring an additional 2,800 shares during the last quarter.
Several analysts recently commented on the company. ValuEngine upgraded Gentherm from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Zacks Investment Research upgraded Gentherm from a “sell” rating to a “hold” rating in a report on Thursday, August 15th. Argus cut Gentherm from a “buy” rating to a “hold” rating in a report on Monday, July 29th. TheStreet cut Gentherm from a “b-” rating to a “c+” rating in a report on Thursday, July 25th. Finally, BidaskClub upgraded Gentherm from a “sell” rating to a “hold” rating in a report on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $43.67.
Gentherm (NASDAQ:THRM) last announced its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The business had revenue of $243.33 million during the quarter, compared to the consensus estimate of $254.53 million. Gentherm had a net margin of 2.31% and a return on equity of 14.49%. The firm’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.58 EPS. On average, research analysts expect that Gentherm Inc will post 2.1 EPS for the current year.
In other Gentherm news, VP Kenneth John Phillips sold 3,577 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $42.38, for a total value of $151,593.26. Following the sale, the vice president now owns 17,069 shares of the company’s stock, valued at approximately $723,384.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.
Gentherm, Inc engages in the design, development, manufacture, and marketing of heating, cooling, and ventilating devices. It operates through the following business segments: Automotive and Industrial.. The Automotive segment designs, develops, produces, and sells automotive seat comfort systems, specialized automotive cable systems, and automotive and non-automotive thermal convenience products.
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