Boston Partners Sells 17,492 Shares of Thermon Group Holdings, Inc. (NYSE:THR)

Boston Partners trimmed its holdings in Thermon Group Holdings, Inc. (NYSE:THR) by 66.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,709 shares of the technology company’s stock after selling 17,492 shares during the period. Boston Partners’ holdings in Thermon Group were worth $251,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Assetmark Inc. acquired a new position in shares of Thermon Group in the 4th quarter valued at approximately $26,000. Venturi Wealth Management LLC acquired a new position in shares of Thermon Group in the fourth quarter valued at approximately $47,000. AlphaQuest LLC increased its position in shares of Thermon Group by 57,825.0% during the fourth quarter. AlphaQuest LLC now owns 2,317 shares of the technology company’s stock worth $67,000 after acquiring an additional 2,313 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Thermon Group by 4,731.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,865 shares of the technology company’s stock worth $111,000 after acquiring an additional 3,785 shares during the period. Finally, Congress Asset Management Co. acquired a new stake in shares of Thermon Group during the fourth quarter worth $227,000. 99.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Thermon Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th.

Thermon Group Trading Down 2.0 %

NYSE:THR opened at $29.26 on Monday. The company has a market cap of $985.60 million, a P/E ratio of 21.51 and a beta of 0.98. Thermon Group Holdings, Inc. has a twelve month low of $25.76 and a twelve month high of $35.93. The business has a 50 day moving average price of $28.94 and a two-hundred day moving average price of $29.19. The company has a quick ratio of 1.71, a current ratio of 2.56 and a debt-to-equity ratio of 0.28.

Thermon Group (NYSE:THR) last released its earnings results on Thursday, February 6th. The technology company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. Thermon Group had a net margin of 9.48% and a return on equity of 11.72%. As a group, analysts expect that Thermon Group Holdings, Inc. will post 1.88 EPS for the current fiscal year.

Thermon Group Company Profile

Thermon Group Holdings, Inc provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It offers heat tracing products, such as electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other products and services.