State Board of Administration of Florida Retirement System cut its stake in shares of Gentherm Inc (NASDAQ:THRM) by 17.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,024 shares of the auto parts company’s stock after selling 5,190 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.07% of Gentherm worth $892,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Riverhead Capital Management LLC lifted its holdings in Gentherm by 70.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,730 shares of the auto parts company’s stock worth $106,000 after buying an additional 1,130 shares during the period. First Bank & Trust lifted its holdings in Gentherm by 4.3% during the 2nd quarter. First Bank & Trust now owns 3,515 shares of the auto parts company’s stock worth $137,000 after buying an additional 144 shares during the period. Victory Capital Management Inc. lifted its holdings in Gentherm by 12.7% during the 2nd quarter. Victory Capital Management Inc. now owns 4,479 shares of the auto parts company’s stock worth $174,000 after buying an additional 504 shares during the period. Forward Management LLC lifted its holdings in Gentherm by 6.0% during the 2nd quarter. Forward Management LLC now owns 5,409 shares of the auto parts company’s stock worth $210,000 after buying an additional 305 shares during the period. Finally, CWA Asset Management Group LLC lifted its holdings in Gentherm by 0.7% during the 2nd quarter. CWA Asset Management Group LLC now owns 5,792 shares of the auto parts company’s stock worth $225,000 after buying an additional 42 shares during the period. 99.28% of the stock is currently owned by hedge funds and other institutional investors.
Gentherm Inc (THRM) traded down $0.75 during mid-day trading on Monday, reaching $34.75. The company had a trading volume of 136,462 shares, compared to its average volume of 216,741. Gentherm Inc has a fifty-two week low of $29.50 and a fifty-two week high of $40.80. The company has a current ratio of 3.23, a quick ratio of 2.47 and a debt-to-equity ratio of 0.26. The firm has a market cap of $1,302.16, a P/E ratio of 19.94, a P/E/G ratio of 1.10 and a beta of 1.94.
Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.33). Gentherm had a return on equity of 12.82% and a net margin of 6.89%. The firm had revenue of $235.85 million for the quarter, compared to analyst estimates of $235.94 million. During the same period last year, the company posted $0.61 earnings per share. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. equities analysts predict that Gentherm Inc will post 1.62 EPS for the current year.
Several brokerages have commented on THRM. BidaskClub downgraded Gentherm from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. TheStreet downgraded Gentherm from a “b-” rating to a “c+” rating in a report on Thursday, August 17th. ValuEngine downgraded Gentherm from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. FBR & Co reissued a “buy” rating and issued a $45.00 price objective on shares of Gentherm in a research note on Thursday, October 26th. Finally, Zacks Investment Research raised Gentherm from a “sell” rating to a “hold” rating in a research note on Saturday, November 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $40.75.
In other Gentherm news, VP Erin Erwine Ascher sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $35.14, for a total transaction of $70,280.00. Following the completion of the sale, the vice president now directly owns 29,161 shares of the company’s stock, valued at approximately $1,024,717.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is currently owned by corporate insiders.
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Gentherm Company Profile
Gentherm Incorporated (Gentherm) is a global technology company engaged in the design, development, and manufacturing of thermal management technologies. The Company has two segments: Automotive and Industrial. Its products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation, patient temperature management, environmental product testing and other consumer and industrial temperature control needs.
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