Metropolitan Life Insurance Co. NY reduced its position in shares of Gentherm Inc (NASDAQ:THRM) by 51.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,123 shares of the auto parts company’s stock after selling 12,777 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Gentherm were worth $385,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. BancorpSouth Bank purchased a new stake in shares of Gentherm during the fourth quarter worth about $228,000. Jefferies Group LLC purchased a new stake in shares of Gentherm during the fourth quarter worth about $254,000. Teacher Retirement System of Texas purchased a new stake in shares of Gentherm during the fourth quarter worth about $403,000. Guggenheim Capital LLC boosted its holdings in shares of Gentherm by 17.1% during the fourth quarter. Guggenheim Capital LLC now owns 14,240 shares of the auto parts company’s stock worth $451,000 after purchasing an additional 2,075 shares during the period. Finally, Legato Capital Management LLC boosted its holdings in shares of Gentherm by 47.2% during the fourth quarter. Legato Capital Management LLC now owns 18,705 shares of the auto parts company’s stock worth $594,000 after purchasing an additional 5,999 shares during the period. Institutional investors own 98.47% of the company’s stock.
Shares of THRM opened at $36.05 on Tuesday. The company has a quick ratio of 1.98, a current ratio of 2.69 and a debt-to-equity ratio of 0.25. Gentherm Inc has a one year low of $29.50 and a one year high of $40.80. The stock has a market capitalization of $1,297.72, a price-to-earnings ratio of 15.61, a P/E/G ratio of 0.60 and a beta of 1.70.
Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Tuesday, February 20th. The auto parts company reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.08. Gentherm had a net margin of 3.57% and a return on equity of 11.81%. The business had revenue of $257.19 million during the quarter, compared to analyst estimates of $253.48 million. During the same period last year, the business posted $0.68 earnings per share. Gentherm’s quarterly revenue was up 8.7% compared to the same quarter last year. sell-side analysts predict that Gentherm Inc will post 2.36 EPS for the current fiscal year.
A number of research firms have recently weighed in on THRM. BidaskClub upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a report on Wednesday, April 4th. Longbow Research began coverage on shares of Gentherm in a report on Friday, January 5th. They set an “underperform” rating for the company. Susquehanna Bancshares set a $35.00 target price on shares of Gentherm and gave the stock a “hold” rating in a report on Wednesday, March 14th. JPMorgan Chase reiterated an “overweight” rating and set a $39.00 target price (down from $40.00) on shares of Gentherm in a report on Wednesday, February 21st. Finally, Craig Hallum upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. Gentherm presently has a consensus rating of “Hold” and a consensus target price of $39.56.
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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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