Van Lanschot Kempen Investment Management N.V. Sells 435,373 Shares of Thermon Group Holdings, Inc. $THR

Van Lanschot Kempen Investment Management N.V. trimmed its stake in Thermon Group Holdings, Inc. (NYSE:THR) by 38.7% during the 4th quarter, Holdings Channel reports. The firm owned 689,677 shares of the technology company’s stock after selling 435,373 shares during the quarter. Van Lanschot Kempen Investment Management N.V.’s holdings in Thermon Group were worth $25,628,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of THR. Canada Pension Plan Investment Board bought a new position in shares of Thermon Group in the second quarter worth approximately $31,000. Assetmark Inc. increased its position in shares of Thermon Group by 68.1% in the third quarter. Assetmark Inc. now owns 1,530 shares of the technology company’s stock worth $41,000 after purchasing an additional 620 shares during the last quarter. Danske Bank A S bought a new position in shares of Thermon Group in the third quarter worth approximately $45,000. NewEdge Advisors LLC bought a new position in shares of Thermon Group in the third quarter worth approximately $83,000. Finally, Nkcfo LLC bought a new position in shares of Thermon Group in the fourth quarter worth approximately $85,000. 99.76% of the stock is currently owned by institutional investors.

Thermon Group Price Performance

Shares of NYSE THR opened at $61.14 on Friday. Thermon Group Holdings, Inc. has a one year low of $23.86 and a one year high of $71.87. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.69 and a quick ratio of 1.76. The firm’s 50 day simple moving average is $60.22 and its two-hundred day simple moving average is $49.57. The stock has a market capitalization of $2.01 billion, a P/E ratio of 45.63 and a beta of 0.83.

Thermon Group (NYSE:THR) last issued its quarterly earnings results on Tuesday, May 19th. The technology company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Thermon Group had a net margin of 8.31% and a return on equity of 13.42%. The business had revenue of $148.33 million for the quarter, compared to the consensus estimate of $137.85 million. During the same quarter in the previous year, the business earned $0.56 earnings per share. The firm’s revenue was up 10.6% on a year-over-year basis. As a group, analysts expect that Thermon Group Holdings, Inc. will post 2.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. William Blair cut shares of Thermon Group from an “outperform” rating to a “hold” rating in a research report on Wednesday, February 25th. CJS Securities cut shares of Thermon Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 25th. Wall Street Zen upgraded shares of Thermon Group to a “hold” rating in a research report on Saturday, May 30th. Roth Mkm cut shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Finally, Craig Hallum cut shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. Six research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Thermon Group presently has an average rating of “Hold” and an average target price of $57.00.

About Thermon Group

Thermon Group, Inc (NYSE: THR) is a global provider of engineered thermal solutions designed to maintain process temperatures, prevent freezing and improve energy efficiency across industrial, commercial and power generation applications. The company specializes in the design, manufacture, installation and service of heat tracing systems, insulation and protective coatings for pipelines, tanks, vessels and other critical equipment.

Thermon’s core offerings include electric heat tracing, steam tracing, custom-engineered control panels, monitoring systems and advanced sensor technologies.