Amalgamated Bank Decreases Stock Holdings in Gentherm Incorporated (NASDAQ:THRM)

Amalgamated Bank reduced its holdings in Gentherm Incorporated (NASDAQ:THRM) by 3.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,332 shares of the auto parts company’s stock after selling 359 shares during the period. Amalgamated Bank’s holdings in Gentherm were worth $434,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in THRM. Hsbc Holdings PLC lifted its holdings in shares of Gentherm by 3.5% in the 2nd quarter. Hsbc Holdings PLC now owns 6,834 shares of the auto parts company’s stock valued at $337,000 after acquiring an additional 229 shares during the last quarter. Headlands Technologies LLC lifted its stake in shares of Gentherm by 86.1% in the 1st quarter. Headlands Technologies LLC now owns 523 shares of the auto parts company’s stock valued at $30,000 after purchasing an additional 242 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of Gentherm by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 6,610 shares of the auto parts company’s stock worth $381,000 after purchasing an additional 454 shares during the period. Guinness Atkinson Asset Management Inc increased its position in shares of Gentherm by 3.2% during the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 17,929 shares of the auto parts company’s stock valued at $835,000 after purchasing an additional 553 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Gentherm by 7.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,923 shares of the auto parts company’s stock valued at $391,000 after purchasing an additional 581 shares during the last quarter. 97.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on THRM. Craig Hallum lowered their price target on Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. JPMorgan Chase & Co. raised shares of Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price target for the company in a research note on Monday, October 21st. StockNews.com raised shares of Gentherm from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Finally, Robert W. Baird decreased their price objective on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $57.00.

Gentherm Stock Down 2.2 %

Shares of THRM opened at $42.33 on Friday. The firm has a fifty day moving average price of $44.17 and a 200-day moving average price of $48.44. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $1.31 billion, a P/E ratio of 19.78 and a beta of 1.44. Gentherm Incorporated has a 12-month low of $39.86 and a 12-month high of $62.93.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. The company had revenue of $371.50 million during the quarter, compared to analyst estimates of $372.89 million. Gentherm had a net margin of 4.61% and a return on equity of 14.36%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the business posted $0.64 EPS. Equities research analysts expect that Gentherm Incorporated will post 2.71 earnings per share for the current year.

Insider Activity at Gentherm

In other Gentherm news, CEO Phillip Eyler sold 4,402 shares of Gentherm stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $50.20, for a total transaction of $220,980.40. Following the completion of the sale, the chief executive officer now directly owns 147,317 shares of the company’s stock, valued at $7,395,313.40. The trade was a 2.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.91% of the stock is owned by company insiders.

Gentherm Profile

Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.