Bank of New York Mellon Corp Has $8.75 Million Stake in Gentherm Incorporated (NASDAQ:THRM)

Bank of New York Mellon Corp lowered its stake in shares of Gentherm Incorporated (NASDAQ:THRM) by 51.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 219,135 shares of the auto parts company’s stock after selling 231,756 shares during the period. Bank of New York Mellon Corp owned about 0.71% of Gentherm worth $8,749,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Quarry LP raised its holdings in Gentherm by 952.9% in the 3rd quarter. Quarry LP now owns 537 shares of the auto parts company’s stock worth $25,000 after acquiring an additional 486 shares during the period. Gladius Capital Management LP bought a new position in shares of Gentherm during the 3rd quarter worth about $44,000. KBC Group NV boosted 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 acquiring an additional 822 shares in the last quarter. Palouse Capital Management Inc. boosted its position in shares of Gentherm by 91.6% during the 4th quarter. Palouse Capital Management Inc. now owns 3,585 shares of the auto parts company’s stock valued at $143,000 after acquiring an additional 1,714 shares in the last quarter. Finally, MeadowBrook Investment Advisors LLC boosted its position in shares of Gentherm by 37.8% during the 4th quarter. MeadowBrook Investment Advisors LLC now owns 4,630 shares of the auto parts company’s stock valued at $185,000 after acquiring an additional 1,270 shares in the last quarter. Institutional investors and hedge funds own 97.13% of the company’s stock.

Gentherm Stock Performance

NASDAQ THRM opened at $30.39 on Friday. The firm has a 50-day moving average of $36.18 and a 200-day moving average of $40.95. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.38 and a current ratio of 2.01. The stock has a market cap of $935.68 million, a PE ratio of 14.68 and a beta of 1.45. Gentherm Incorporated has a 52-week low of $29.75 and a 52-week high of $57.96.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.39). The business had revenue of $352.91 million during the quarter, compared to analyst estimates of $360.29 million. Gentherm had a return on equity of 11.43% and a net margin of 4.46%. Gentherm’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.90 EPS. On average, sell-side analysts anticipate that Gentherm Incorporated will post 3.1 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on THRM shares. StockNews.com lowered shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. dropped their price target on shares of Gentherm from $56.00 to $51.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Finally, Robert W. Baird lowered their target price on shares of Gentherm from $44.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th.

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.