Lord Abbett & CO. LLC Sells 194,866 Shares of Gentherm Incorporated (NASDAQ:THRM)

Lord Abbett & CO. LLC lessened its stake in Gentherm Incorporated (NASDAQ:THRM) by 38.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 313,528 shares of the auto parts company’s stock after selling 194,866 shares during the quarter. Lord Abbett & CO. LLC’s holdings in Gentherm were worth $12,518,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Rhumbline Advisers grew its position in shares of Gentherm by 0.3% in the 4th quarter. Rhumbline Advisers now owns 90,758 shares of the auto parts company’s stock worth $3,623,000 after buying an additional 277 shares during the last quarter. Signaturefd LLC boosted its stake in Gentherm by 233.8% in the fourth quarter. Signaturefd LLC now owns 661 shares of the auto parts company’s stock valued at $26,000 after acquiring an additional 463 shares in the last quarter. KBC Group NV grew its holdings in Gentherm by 82.2% in the fourth quarter. KBC Group NV now owns 1,822 shares of the auto parts company’s stock worth $73,000 after purchasing an additional 822 shares during the last quarter. Barclays PLC increased its position in shares of Gentherm by 1.4% during the fourth quarter. Barclays PLC now owns 62,346 shares of the auto parts company’s stock worth $2,489,000 after purchasing an additional 880 shares in the last quarter. Finally, Headlands Technologies LLC boosted its position in shares of Gentherm by 117.1% in the 4th quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company’s stock worth $73,000 after purchasing an additional 991 shares in the last quarter. 97.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. reduced 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. Robert W. Baird upped their price objective on shares of Gentherm from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Friday. Finally, StockNews.com lowered shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 26th.

Gentherm Price Performance

Shares of THRM stock opened at $24.74 on Friday. Gentherm Incorporated has a fifty-two week low of $22.75 and a fifty-two week high of $56.72. The firm has a market capitalization of $761.72 million, a PE ratio of 11.95 and a beta of 1.46. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.38 and a current ratio of 2.01. The stock’s 50-day simple moving average is $28.56 and its 200-day simple moving average is $36.37.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings data on Thursday, April 24th. The auto parts company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. Gentherm had a net margin of 4.46% and a return on equity of 11.43%. The business had revenue of $353.85 million during the quarter, compared to analysts’ expectations of $347.39 million. During the same period in the previous year, the business posted $0.62 EPS. Equities analysts expect that Gentherm Incorporated will post 3.1 earnings per share for the current year.

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.