Mutual of America Capital Management LLC grew its position in Gentherm Incorporated (NASDAQ:THRM – Get Rating) by 5.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,788 shares of the auto parts company’s stock after purchasing an additional 248 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Gentherm were worth $350,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC grew its holdings in Gentherm by 29.0% in the first quarter. SG Americas Securities LLC now owns 1,606 shares of the auto parts company’s stock worth $117,000 after purchasing an additional 361 shares during the last quarter. New York State Teachers Retirement System grew its holdings in Gentherm by 4.7% in the first quarter. New York State Teachers Retirement System now owns 32,973 shares of the auto parts company’s stock worth $2,408,000 after purchasing an additional 1,477 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Gentherm during the first quarter worth $19,815,000. Meritage Portfolio Management lifted its stake in shares of Gentherm by 11.4% during the first quarter. Meritage Portfolio Management now owns 2,790 shares of the auto parts company’s stock worth $204,000 after buying an additional 285 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Gentherm by 4.3% during the first quarter. Assenagon Asset Management S.A. now owns 37,261 shares of the auto parts company’s stock worth $2,722,000 after buying an additional 1,548 shares during the period. 99.08% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on THRM shares. TheStreet downgraded shares of Gentherm from a “b” rating to a “c+” rating in a research note on Friday, May 20th. Roth Capital reiterated a “buy” rating on shares of Gentherm in a research note on Thursday, May 5th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.00.
Gentherm Trading Up 0.4 %
Gentherm (NASDAQ:THRM – Get Rating) last issued its quarterly earnings data on Wednesday, May 4th. The auto parts company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.06). The firm had revenue of $267.70 million during the quarter, compared to analyst estimates of $254.31 million. Gentherm had a return on equity of 12.20% and a net margin of 7.05%. The company’s revenue was down 7.2% on a year-over-year basis. During the same quarter last year, the company posted $1.04 EPS. Research analysts forecast that Gentherm Incorporated will post 2.62 earnings per share for the current year.
Insiders Place Their Bets
In other Gentherm news, SVP Thomas Stocker sold 2,500 shares of the company’s stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of $70.06, for a total value of $175,150.00. Following the completion of the transaction, the senior vice president now owns 9,410 shares in the company, valued at $659,264.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.32% of the company’s stock.
Gentherm Incorporated designs, develops, manufactures, and markets thermal management technologies. 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 that utilize proprietary electronics technology and software; and other climate comfort systems, including neck conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.
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