Gentherm Incorporated (NASDAQ:THRM) Shares Acquired by Truist Financial Corp

Truist Financial Corp raised its position in shares of Gentherm Incorporated (NASDAQ:THRM) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,490 shares of the auto parts company’s stock after buying an additional 1,037 shares during the quarter. Truist Financial Corp owned about 0.13% of Gentherm worth $1,617,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Quarry LP increased its stake in Gentherm by 952.9% during the third quarter. Quarry LP now owns 537 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 486 shares during the last quarter. Gladius Capital Management LP acquired a new position in shares of Gentherm in the 3rd quarter valued at about $44,000. KBC Group NV grew its position in shares of Gentherm by 82.2% during the 4th quarter. KBC Group NV now owns 1,822 shares of the auto parts company’s stock valued at $73,000 after buying an additional 822 shares during the last quarter. Palouse Capital Management Inc. raised its stake in Gentherm by 91.6% during the fourth quarter. Palouse Capital Management Inc. now owns 3,585 shares of the auto parts company’s stock worth $143,000 after acquiring an additional 1,714 shares during the period. Finally, MeadowBrook Investment Advisors LLC lifted its holdings in Gentherm by 8.4% in the third quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock worth $156,000 after acquiring an additional 260 shares during the last quarter. Institutional investors own 97.13% of the company’s stock.

Insider Activity

In other Gentherm news, SVP Thomas Stocker sold 1,295 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $42.98, for a total value of $55,659.10. Following the completion of the transaction, the senior vice president now directly owns 13,413 shares in the company, valued at $576,490.74. This trade represents a 8.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Hui (Helen) Xu sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $42.00, for a total transaction of $105,000.00. Following the sale, the senior vice president now owns 18,947 shares in the company, valued at $795,774. This represents a 11.66 % decrease in their position. The disclosure for this sale can be found here. 1.91% of the stock is owned by insiders.

Gentherm Price Performance

Shares of NASDAQ THRM opened at $33.06 on Friday. The stock has a market cap of $1.02 billion, a P/E ratio of 15.97 and a beta of 1.42. The firm’s 50-day simple moving average is $37.96 and its 200 day simple moving average is $42.45. Gentherm Incorporated has a fifty-two week low of $30.25 and a fifty-two week high of $58.17. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.36.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.39). Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The company had revenue of $352.91 million during the quarter, compared to analyst estimates of $360.29 million. During the same period in the prior year, the company posted $0.90 earnings per share. The company’s revenue was down 3.8% on a year-over-year basis. Equities analysts expect that Gentherm Incorporated will post 3.1 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on THRM shares. Robert W. Baird reduced their price objective on Gentherm from $44.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th. JPMorgan Chase & Co. reduced their price target on shares of Gentherm from $56.00 to $51.00 and set a “neutral” rating for the company in a report on Monday, January 27th. StockNews.com lowered shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Finally, Craig Hallum cut their price objective on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st.

Gentherm Company 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.