State of New Jersey Common Pension Fund D Buys 3,773 Shares of Gentherm Incorporated (NASDAQ:THRM)

State of New Jersey Common Pension Fund D lifted its stake in shares of Gentherm Incorporated (NASDAQ:THRM – Get Rating) by 10.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,456 shares of the auto parts company’s stock after acquiring an additional 3,773 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.12% of Gentherm worth $1,912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Public Employees Retirement Association of Colorado bought a new position in shares of Gentherm during the second quarter worth about $310,000. Meeder Asset Management Inc. grew its stake in Gentherm by 4,202.9% during the second quarter. Meeder Asset Management Inc. now owns 5,981 shares of the auto parts company’s stock worth $372,000 after purchasing an additional 5,842 shares during the period. Voya Investment Management LLC grew its stake in Gentherm by 1.7% during the second quarter. Voya Investment Management LLC now owns 272,878 shares of the auto parts company’s stock worth $17,030,000 after purchasing an additional 4,627 shares during the period. Everence Capital Management Inc. grew its stake in Gentherm by 36.5% during the second quarter. Everence Capital Management Inc. now owns 6,580 shares of the auto parts company’s stock worth $411,000 after purchasing an additional 1,760 shares during the period. Finally, Van Berkom & Associates Inc. grew its stake in Gentherm by 4.3% during the second quarter. Van Berkom & Associates Inc. now owns 760,109 shares of the auto parts company’s stock worth $47,438,000 after purchasing an additional 31,209 shares during the period. 98.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

THRM has been the subject of several recent analyst reports. StockNews.com initiated coverage on Gentherm in a research note on Wednesday, October 12th. They set a “hold” rating for the company. TheStreet raised Gentherm from a “c+” rating to a “b-” rating in a research note on Friday, December 2nd. Finally, Seaport Res Ptn reaffirmed a “buy” rating on shares of Gentherm in a research note on Wednesday, November 2nd.

Gentherm Trading Up 1.5 %

Shares of Gentherm stock opened at $72.55 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.47 and a current ratio of 2.20. Gentherm Incorporated has a 52 week low of $49.45 and a 52 week high of $95.19. The stock has a 50 day moving average price of $69.91 and a two-hundred day moving average price of $63.42. The stock has a market capitalization of $2.41 billion, a PE ratio of 50.03 and a beta of 1.30.

Gentherm (NASDAQ:THRM – Get Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The auto parts company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.14. Gentherm had a return on equity of 10.22% and a net margin of 4.39%. The firm had revenue of $332.96 million during the quarter, compared to analysts’ expectations of $318.54 million. As a group, equities analysts anticipate that Gentherm Incorporated will post 2.05 earnings per share for the current fiscal year.

Insider Buying and Selling at Gentherm

In other Gentherm news, CAO Breisacher Nicholas sold 400 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $75.03, for a total value of $30,012.00. Following the completion of the sale, the chief accounting officer now owns 1,648 shares of the company’s stock, valued at $123,649.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Matthew Fisch sold 1,334 shares of Gentherm stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $74.98, for a total transaction of $100,023.32. Following the transaction, the senior vice president now owns 13,614 shares of the company’s stock, valued at $1,020,777.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Breisacher Nicholas sold 400 shares of Gentherm stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $75.03, for a total value of $30,012.00. Following the transaction, the chief accounting officer now directly owns 1,648 shares in the company, valued at approximately $123,649.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,838 shares of company stock valued at $207,271. Company insiders own 1.32% of the company’s stock.

Gentherm Profile

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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.