Barrow Hanley Mewhinney & Strauss LLC Trims Stock Holdings in Gentherm Incorporated (NASDAQ:THRM)

Barrow Hanley Mewhinney & Strauss LLC lowered its holdings in Gentherm Incorporated (NASDAQ:THRM) by 4.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 904,102 shares of the auto parts company’s stock after selling 42,620 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Gentherm were worth $36,096,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in shares of Gentherm by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 460,829 shares of the auto parts company’s stock worth $21,452,000 after acquiring an additional 5,754 shares in the last quarter. FMR LLC lifted its holdings in Gentherm by 26.8% during the 3rd quarter. FMR LLC now owns 507,598 shares of the auto parts company’s stock worth $23,629,000 after purchasing an additional 107,322 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Gentherm by 21.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 22,123 shares of the auto parts company’s stock worth $1,030,000 after purchasing an additional 3,837 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Gentherm by 3.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 69,731 shares of the auto parts company’s stock valued at $3,246,000 after buying an additional 2,491 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in shares of Gentherm by 9.2% during the third quarter. Rockefeller Capital Management L.P. now owns 443,715 shares of the auto parts company’s stock valued at $20,659,000 after buying an additional 37,215 shares during the period. 97.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

THRM has been the subject of several recent analyst reports. Robert W. Baird reduced their price objective on shares of Gentherm from $44.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. JPMorgan Chase & Co. cut their price target on shares of Gentherm from $56.00 to $51.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Finally, StockNews.com lowered Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 26th.

Gentherm Trading Down 5.8 %

Shares of Gentherm stock opened at $27.41 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.38. Gentherm Incorporated has a 1 year low of $27.36 and a 1 year high of $57.96. The firm has a market cap of $843.93 million, a PE ratio of 13.24 and a beta of 1.45. The company has a 50 day simple moving average of $34.35 and a two-hundred day simple moving average of $39.57.

Gentherm (NASDAQ:THRM) last announced its earnings results on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.39). Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The company had revenue of $352.91 million during the quarter, compared to analysts’ expectations of $360.29 million. During the same quarter last year, the firm posted $0.90 earnings per share. The firm’s revenue was down 3.8% on a year-over-year basis. Analysts expect that Gentherm Incorporated will post 3.1 earnings per share for the current fiscal 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.