Kennedy Capital Management Inc. Sells 92,564 Shares of Gentherm Inc (NASDAQ:THRM)

Kennedy Capital Management Inc. decreased its stake in Gentherm Inc (NASDAQ:THRM) by 61.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,485 shares of the auto parts company’s stock after selling 92,564 shares during the period. Kennedy Capital Management Inc.’s holdings in Gentherm were worth $2,156,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in shares of Gentherm by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,627,206 shares of the auto parts company’s stock valued at $59,980,000 after acquiring an additional 12,679 shares in the last quarter. Trigran Investments Inc. grew its holdings in Gentherm by 4.0% during the fourth quarter. Trigran Investments Inc. now owns 1,141,413 shares of the auto parts company’s stock worth $45,634,000 after purchasing an additional 43,970 shares during the period. Pembroke Management LTD grew its holdings in Gentherm by 15.6% during the first quarter. Pembroke Management LTD now owns 514,747 shares of the auto parts company’s stock worth $18,974,000 after purchasing an additional 69,575 shares during the period. Geode Capital Management LLC grew its holdings in Gentherm by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 406,020 shares of the auto parts company’s stock worth $16,232,000 after purchasing an additional 10,280 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in Gentherm by 15.2% during the first quarter. Wells Fargo & Company MN now owns 356,380 shares of the auto parts company’s stock worth $13,137,000 after purchasing an additional 46,894 shares during the period.

Shares of NASDAQ:THRM opened at $39.00 on Friday. Gentherm Inc has a 12-month low of $36.00 and a 12-month high of $50.30. The company has a market cap of $1.33 billion, a PE ratio of 18.17 and a beta of 1.32. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.42 and a quick ratio of 1.74.

Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Tuesday, April 30th. The auto parts company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.12. Gentherm had a net margin of 3.61% and a return on equity of 14.71%. The company had revenue of $257.92 million during the quarter, compared to the consensus estimate of $250.39 million. During the same period in the previous year, the business earned $0.52 earnings per share. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. As a group, sell-side analysts predict that Gentherm Inc will post 2.14 earnings per share for the current fiscal year.

In other news, insider Frithjof Oldorff sold 10,230 shares of Gentherm stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $38.79, for a total value of $396,821.70. Following the completion of the sale, the insider now directly owns 36,218 shares in the company, valued at $1,404,896.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Kenneth John Phillips sold 11,222 shares of Gentherm stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $41.78, for a total transaction of $468,855.16. Following the completion of the sale, the vice president now owns 18,455 shares of the company’s stock, valued at $771,049.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,797 shares of company stock valued at $1,305,571. 1.50% of the stock is owned by company insiders.

A number of equities analysts recently commented on the company. BidaskClub upgraded Gentherm from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. Zacks Investment Research upgraded Gentherm from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. TheStreet upgraded Gentherm from a “c” rating to a “b-” rating in a report on Friday, February 22nd. ValuEngine cut Gentherm from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Finally, Craig Hallum cut Gentherm from a “buy” rating to a “hold” rating and reduced their price target for the stock from $48.00 to $46.00 in a report on Thursday, February 21st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $45.22.

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Gentherm Company Profile

Gentherm, Inc engages in the design, development, manufacture, and marketing of heating, cooling, and ventilating devices. It operates through the following business segments: Automotive and Industrial.. The Automotive segment designs, develops, produces, and sells automotive seat comfort systems, specialized automotive cable systems, and automotive and non-automotive thermal convenience products.

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Institutional Ownership by Quarter for Gentherm (NASDAQ:THRM)

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