Allspring Global Investments Holdings LLC Has $9.49 Million Stock Holdings in Gentherm Incorporated (NASDAQ:THRM)

Allspring Global Investments Holdings LLC reduced its stake in shares of Gentherm Incorporated (NASDAQ:THRM) by 5.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 237,629 shares of the auto parts company’s stock after selling 14,067 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.77% of Gentherm worth $9,487,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of THRM. Nuance Investments LLC acquired a new stake in shares of Gentherm in the 3rd quarter valued at about $16,754,000. Cerity Partners LLC raised its stake in Gentherm by 880.7% in the 3rd quarter. Cerity Partners LLC now owns 188,683 shares of the auto parts company’s stock valued at $8,783,000 after acquiring an additional 169,443 shares during the period. Global Alpha Capital Management Ltd. lifted its holdings 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 valued at $29,451,000 after purchasing an additional 116,500 shares during the last quarter. FMR LLC boosted its position in Gentherm by 26.8% during the third quarter. FMR LLC now owns 507,598 shares of the auto parts company’s stock worth $23,629,000 after purchasing an additional 107,322 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Gentherm in the third quarter valued at $2,658,000. Institutional investors own 97.13% of the company’s stock.

Insider Buying and Selling at Gentherm

In other Gentherm news, SVP Thomas Stocker sold 1,295 shares of the firm’s stock in a transaction on 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 sale, the senior vice president now directly owns 13,413 shares in the company, valued at approximately $576,490.74. This trade represents a 8.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Hui (Helen) Xu sold 2,500 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $42.00, for a total transaction of $105,000.00. Following the transaction, 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. Corporate insiders own 1.91% of the company’s stock.

Gentherm Trading Up 2.0 %

NASDAQ THRM opened at $36.15 on Wednesday. The business’s fifty day moving average is $39.02 and its 200 day moving average is $43.19. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 16.89 and a beta of 1.42. Gentherm Incorporated has a twelve month low of $34.99 and a twelve month high of $62.93. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.34.

Wall Street Analysts Forecast Growth

THRM has been the topic of several research reports. Craig Hallum decreased their price target on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Robert W. Baird decreased their price target on Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. StockNews.com upgraded Gentherm from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. decreased their target price on Gentherm from $56.00 to $51.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th.

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.