Assenagon Asset Management S.A. Trims Stake in Gentherm Incorporated (NASDAQ:THRM)

Assenagon Asset Management S.A. lessened its position in shares of Gentherm Incorporated (NASDAQ:THRM) by 67.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,785 shares of the auto parts company’s stock after selling 38,313 shares during the quarter. Assenagon Asset Management S.A. owned about 0.06% of Gentherm worth $750,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Disciplined Growth Investors Inc. MN grew its position in shares of Gentherm by 2.0% during the third quarter. Disciplined Growth Investors Inc. MN now owns 1,169,671 shares of the auto parts company’s stock worth $54,448,000 after acquiring an additional 23,051 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Gentherm by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,146,375 shares of the auto parts company’s stock worth $56,539,000 after purchasing an additional 37,365 shares during the period. Global Alpha Capital Management Ltd. grew its position in Gentherm by 22.6% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 632,673 shares of the auto parts company’s stock worth $29,451,000 after purchasing an additional 116,500 shares during the last quarter. FMR LLC raised its holdings in shares of Gentherm by 26.8% in the third quarter. FMR LLC now owns 507,598 shares of the auto parts company’s stock valued at $23,629,000 after buying an additional 107,322 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Gentherm by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 460,829 shares of the auto parts company’s stock worth $21,452,000 after buying an additional 5,754 shares during the last quarter. Institutional investors and hedge funds own 97.13% of the company’s stock.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

THRM has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price objective for the company in a research report on Monday, October 21st. Craig Hallum cut their price objective on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Robert W. Baird lowered their target price on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Finally, StockNews.com cut shares of Gentherm from a “strong-buy” rating to a “buy” rating in a report on Friday.

Gentherm Price Performance

Gentherm stock opened at $39.67 on Friday. The company has a market cap of $1.23 billion, a P/E ratio of 18.54 and a beta of 1.42. Gentherm Incorporated has a one year low of $37.94 and a one year high of $62.93. The business has a fifty day moving average of $40.60 and a two-hundred day moving average of $44.84. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.38 and a current ratio of 2.02.

Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. Gentherm had a net margin of 4.61% and a return on equity of 14.36%. The firm had revenue of $371.50 million for the quarter, compared to the consensus estimate of $372.89 million. During the same quarter in the previous year, the firm earned $0.64 earnings per share. The firm’s revenue was up 1.4% on a year-over-year basis. As a group, analysts predict that Gentherm Incorporated will post 2.71 earnings per share for the current fiscal year.

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.