Amalgamated Bank Lowers Stock Position in Gentherm Incorporated (NASDAQ:THRM)

Amalgamated Bank trimmed its holdings in shares of Gentherm Incorporated (NASDAQ:THRM) by 3.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 9,332 shares of the auto parts company’s stock after selling 359 shares during the quarter. Amalgamated Bank’s holdings in Gentherm were worth $434,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. American Century Companies Inc. boosted its position in Gentherm by 119.4% during the 2nd quarter. American Century Companies Inc. now owns 259,185 shares of the auto parts company’s stock valued at $12,783,000 after acquiring an additional 141,047 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in Gentherm by 265.7% during the second quarter. Harbor Capital Advisors Inc. now owns 94,247 shares of the auto parts company’s stock valued at $4,648,000 after purchasing an additional 68,477 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in Gentherm in the third quarter valued at about $2,658,000. Roubaix Capital LLC purchased a new position in Gentherm in the first quarter valued at about $2,647,000. Finally, Pembroke Management LTD raised its holdings in Gentherm by 16.6% in the second quarter. Pembroke Management LTD now owns 319,230 shares of the auto parts company’s stock worth $15,744,000 after purchasing an additional 45,403 shares in the last quarter. Institutional investors own 97.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. StockNews.com raised shares of Gentherm from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. raised shares of Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price target on the stock in a report on Monday, October 21st. Robert W. Baird reduced their price target on Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Finally, Craig Hallum lowered their price objective on Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $57.00.

Gentherm Stock Performance

Shares of Gentherm stock opened at $42.33 on Friday. The firm has a market capitalization of $1.31 billion, a P/E ratio of 19.78 and a beta of 1.44. Gentherm Incorporated has a 52 week low of $39.86 and a 52 week 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. The company has a 50 day moving average price of $44.17 and a 200 day moving average price of $48.44.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The business had revenue of $371.50 million during the quarter, compared to analysts’ expectations of $372.89 million. Gentherm had a net margin of 4.61% and a return on equity of 14.36%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the company posted $0.64 earnings per share. Sell-side analysts expect that Gentherm Incorporated will post 2.71 EPS for the current year.

Insider Buying and Selling

In related news, CEO Phillip Eyler sold 4,402 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $50.20, for a total value of $220,980.40. Following the transaction, the chief executive officer now owns 147,317 shares in the company, valued at approximately $7,395,313.40. This represents a 2.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.91% of the stock is currently owned by company insiders.

About Gentherm

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.