New York State Common Retirement Fund lowered its holdings in shares of Gentherm Incorporated (NASDAQ:THRM – Free Report) by 1.2% during the fourth quarter, HoldingsChannel reports. The firm owned 34,220 shares of the auto parts company’s stock after selling 427 shares during the quarter. New York State Common Retirement Fund’s holdings in Gentherm were worth $1,366,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Disciplined Growth Investors Inc. MN increased its holdings in shares of Gentherm by 2.0% during the third quarter. Disciplined Growth Investors Inc. MN now owns 1,169,671 shares of the auto parts company’s stock worth $54,448,000 after purchasing an additional 23,051 shares during the period. Global Alpha Capital Management Ltd. increased its stake in shares of Gentherm by 22.6% in the third quarter. Global Alpha Capital Management Ltd. now owns 632,673 shares of the auto parts company’s stock valued at $29,451,000 after buying an additional 116,500 shares during the period. FMR LLC raised its holdings in Gentherm by 26.8% in the 3rd quarter. FMR LLC now owns 507,598 shares of the auto parts company’s stock valued at $23,629,000 after buying an additional 107,322 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Gentherm by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 460,829 shares of the auto parts company’s stock worth $21,452,000 after buying an additional 5,754 shares during the period. Finally, Rockefeller Capital Management L.P. grew its holdings in Gentherm by 9.2% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 443,715 shares of the auto parts company’s stock worth $20,659,000 after acquiring an additional 37,215 shares during the last quarter. Institutional investors and hedge funds own 97.13% of the company’s stock.
Insider Transactions at Gentherm
In other news, SVP Hui (Helen) Xu sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $42.00, for a total value of $105,000.00. Following the completion of the transaction, the senior vice president now directly owns 18,947 shares in the company, valued at approximately $795,774. This trade represents a 11.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Thomas Stocker sold 1,295 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $42.98, for a total transaction of $55,659.10. Following the completion of the transaction, the senior vice president now directly owns 13,413 shares in the company, valued at approximately $576,490.74. The trade was a 8.80 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.91% of the company’s stock.
Wall Street Analyst Weigh In
THRM has been the subject of several analyst reports. StockNews.com downgraded shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 26th. Robert W. Baird lowered their target price on Gentherm from $44.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. reduced their price target on Gentherm from $56.00 to $51.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th.
View Our Latest Analysis on THRM
Gentherm Trading Up 0.1 %
THRM opened at $33.08 on Monday. The stock has a market cap of $1.02 billion, a PE ratio of 15.98 and a beta of 1.42. Gentherm Incorporated has a twelve month low of $30.25 and a twelve month high of $58.17. The company has a fifty day moving average of $37.74 and a 200-day moving average of $42.21. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.36.
Gentherm (NASDAQ:THRM – Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.39). Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The business had revenue of $352.91 million for the quarter, compared to analyst estimates of $360.29 million. During the same quarter in the previous year, the company posted $0.90 EPS. The business’s quarterly revenue was down 3.8% on a year-over-year basis. On average, sell-side analysts predict that Gentherm Incorporated will post 3.1 EPS for the current year.
About Gentherm
Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.
See Also
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