Nuveen Asset Management LLC Sells 5,419 Shares of Gentherm Incorporated (NASDAQ:THRM)

Nuveen Asset Management LLC trimmed its position in shares of Gentherm Incorporated (NASDAQ:THRM – Get Rating) by 3.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 135,104 shares of the auto parts company’s stock after selling 5,419 shares during the period. Nuveen Asset Management LLC’s holdings in Gentherm were worth $6,719,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in THRM. Public Employees Retirement Association of Colorado purchased a new position in shares of Gentherm in the 2nd quarter valued at approximately $310,000. Voya Investment Management LLC lifted its position in Gentherm by 1.7% during the second quarter. Voya Investment Management LLC now owns 272,878 shares of the auto parts company’s stock valued at $17,030,000 after buying an additional 4,627 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Gentherm by 2.2% during the 2nd quarter. Nordea Investment Management AB now owns 134,582 shares of the auto parts company’s stock valued at $8,111,000 after buying an additional 2,940 shares in the last quarter. Guinness Asset Management LTD grew its position in shares of Gentherm by 4.4% in the 2nd quarter. Guinness Asset Management LTD now owns 453,843 shares of the auto parts company’s stock worth $28,324,000 after buying an additional 19,007 shares during the period. Finally, Mutual of America Capital Management LLC increased its stake in shares of Gentherm by 16.2% in the 2nd quarter. Mutual of America Capital Management LLC now owns 5,565 shares of the auto parts company’s stock worth $347,000 after acquiring an additional 777 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Robert W. Baird dropped their price objective on shares of Gentherm from $88.00 to $82.00 and set an “outperform” rating on the stock in a research note on Thursday, February 23rd. TheStreet cut Gentherm from a “b-” rating to a “c” rating in a research report on Wednesday, February 22nd. StockNews.com lowered Gentherm from a “buy” rating to a “hold” rating in a research report on Tuesday, February 28th. Finally, JPMorgan Chase & Co. dropped their target price on Gentherm from $64.00 to $61.00 and set an “underweight” rating on the stock in a report on Thursday, February 23rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Gentherm currently has a consensus rating of “Hold” and a consensus target price of $74.33.

Gentherm Trading Down 4.3 %

NASDAQ:THRM opened at $59.63 on Monday. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 82.82 and a beta of 1.37. The company has a quick ratio of 1.63, a current ratio of 2.39 and a debt-to-equity ratio of 0.35. The company’s 50 day moving average price is $69.65 and its 200-day moving average price is $65.16. Gentherm Incorporated has a 52 week low of $49.45 and a 52 week high of $77.46.

Gentherm (NASDAQ:THRM – Get Rating) last released its quarterly earnings data on Wednesday, February 22nd. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.18). The business had revenue of $343.30 million during the quarter, compared to the consensus estimate of $341.51 million. Gentherm had a net margin of 2.03% and a return on equity of 9.41%. The business’s revenue was up 38.3% compared to the same quarter last year. During the same period last year, the company posted $0.61 earnings per share. On average, equities research analysts forecast that Gentherm Incorporated will post 2.59 earnings per share for the current fiscal year.

Gentherm Company Profile

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