Westwood Holdings Group Inc. Sells 8,747 Shares of Gentherm Incorporated (NASDAQ:THRM)

Westwood Holdings Group Inc. decreased its holdings in Gentherm Incorporated (NASDAQ:THRM) by 23.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,681 shares of the auto parts company’s stock after selling 8,747 shares during the quarter. Westwood Holdings Group Inc. owned approximately 0.09% of Gentherm worth $1,651,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its holdings in shares of Gentherm by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 412,338 shares of the auto parts company’s stock valued at $21,590,000 after purchasing an additional 20,600 shares in the last quarter. Global Alpha Capital Management Ltd. boosted its position in Gentherm by 9.7% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 320,173 shares of the auto parts company’s stock valued at $16,764,000 after buying an additional 28,200 shares during the last quarter. Mairs & Power Inc. increased its stake in shares of Gentherm by 9.3% in the 4th quarter. Mairs & Power Inc. now owns 395,006 shares of the auto parts company’s stock valued at $20,683,000 after buying an additional 33,570 shares during the period. Granahan Investment Management LLC raised its position in shares of Gentherm by 61.2% during the fourth quarter. Granahan Investment Management LLC now owns 412,971 shares of the auto parts company’s stock worth $21,623,000 after acquiring an additional 156,842 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Gentherm during the first quarter worth $1,089,000. Institutional investors and hedge funds own 97.13% of the company’s stock.

Gentherm Trading Up 3.2 %

Shares of Gentherm stock traded up $1.56 during trading on Friday, hitting $51.06. 205,388 shares of the company were exchanged, compared to its average volume of 138,309. The firm has a market capitalization of $1.62 billion, a P/E ratio of 34.97 and a beta of 1.46. The firm’s fifty day moving average price is $50.90 and its 200 day moving average price is $51.68. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.10 and a quick ratio of 1.44. Gentherm Incorporated has a 1-year low of $38.21 and a 1-year high of $66.54.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Tuesday, April 30th. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.19. Gentherm had a net margin of 3.23% and a return on equity of 13.56%. The firm had revenue of $356.00 million during the quarter, compared to analysts’ expectations of $361.11 million. During the same quarter in the previous year, the company earned $0.49 earnings per share. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, sell-side analysts expect that Gentherm Incorporated will post 2.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

THRM has been the subject of a number of research reports. Robert W. Baird lowered their price objective on Gentherm from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. JPMorgan Chase & Co. lowered their price target on shares of Gentherm from $60.00 to $56.00 and set an “underweight” rating for the company in a research report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $63.50.

Insider Buying and Selling

In other Gentherm news, CEO Phillip Eyler sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $54.04, for a total value of $810,600.00. Following the sale, the chief executive officer now owns 147,317 shares in the company, valued at approximately $7,961,010.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders sold 45,000 shares of company stock worth $2,338,650. 1.91% of the stock is owned by corporate insiders.

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.