California State Teachers Retirement System lessened its stake in shares of Gentherm Inc (NASDAQ:THRM) by 8.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,107 shares of the auto parts company’s stock after selling 5,805 shares during the quarter. California State Teachers Retirement System owned 0.16% of Gentherm worth $2,196,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. Riverhead Capital Management LLC increased 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 valued at $106,000 after purchasing an additional 1,130 shares in the last quarter. Victory Capital Management Inc. increased 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 valued at $174,000 after purchasing an additional 504 shares in the last quarter. Tiedemann Wealth Management LLC increased its holdings in Gentherm by 16.2% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 31,328 shares of the auto parts company’s stock valued at $192,000 after purchasing an additional 4,378 shares in the last quarter. Zeke Capital Advisors LLC acquired a new stake in Gentherm during the 3rd quarter valued at $228,000. Finally, Bancorpsouth Inc. increased its holdings in Gentherm by 12.4% during the 2nd quarter. Bancorpsouth Inc. now owns 6,314 shares of the auto parts company’s stock valued at $245,000 after purchasing an additional 696 shares in the last quarter. Institutional investors and hedge funds own 99.26% of the company’s stock.
A number of equities research analysts recently weighed in on THRM shares. FBR & Co reaffirmed a “buy” rating on shares of Gentherm in a report on Wednesday, October 4th. Zacks Investment Research raised Gentherm from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. B. Riley reaffirmed a “buy” rating on shares of Gentherm in a report on Thursday, November 2nd. BidaskClub cut Gentherm from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Finally, Argus dropped their price target on Gentherm to $40.00 and set a “buy” rating for the company in a report on Friday, December 15th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. Gentherm currently has a consensus rating of “Hold” and an average price target of $40.57.
In other news, VP Erin Erwine Ascher sold 2,000 shares of Gentherm stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $35.14, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Maurice Ep Gunderson sold 10,000 shares of Gentherm stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $33.44, for a total value of $334,400.00. Following the completion of the sale, the director now directly owns 26,557 shares of the company’s stock, valued at $888,066.08. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.
Shares of Gentherm Inc (NASDAQ:THRM) opened at $32.95 on Tuesday. The company has a market capitalization of $1,208.62, a price-to-earnings ratio of 18.20, a PEG ratio of 0.53 and a beta of 1.96. Gentherm Inc has a 52 week low of $29.50 and a 52 week high of $40.80. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.23 and a quick ratio of 2.47.
Gentherm (NASDAQ:THRM) last released its earnings results on Thursday, October 26th. The auto parts company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.33). The firm had revenue of $235.85 million during the quarter, compared to analyst estimates of $235.94 million. Gentherm had a net margin of 6.89% and a return on equity of 12.82%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the business posted $0.61 earnings per share. sell-side analysts predict that Gentherm Inc will post 1.62 earnings per share for the current fiscal year.
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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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