Gentherm Incorporated (NASDAQ:THRM) Stake Lessened by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its holdings in Gentherm Incorporated (NASDAQ:THRM) by 3.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,931 shares of the auto parts company’s stock after selling 1,005 shares during the period. New York State Teachers Retirement System’s holdings in Gentherm were worth $1,410,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Invesco Ltd. boosted its stake in shares of Gentherm by 171.9% during the 1st quarter. Invesco Ltd. now owns 988,683 shares of the auto parts company’s stock valued at $72,213,000 after buying an additional 625,083 shares during the period. Robeco Schweiz AG purchased a new stake in shares of Gentherm during the first quarter worth $30,991,000. Rockefeller Capital Management L.P. boosted its position in Gentherm by 1,762.9% during the first quarter. Rockefeller Capital Management L.P. now owns 403,123 shares of the auto parts company’s stock valued at $24,356,000 after purchasing an additional 381,483 shares during the last quarter. Norges Bank purchased a new position in Gentherm in the fourth quarter valued at about $17,802,000. Finally, Capital International Investors increased its position in Gentherm by 67.0% in the 1st quarter. Capital International Investors now owns 668,977 shares of the auto parts company’s stock worth $48,862,000 after purchasing an additional 268,477 shares during the last quarter. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Wall Street Analyst Weigh In

THRM has been the subject of several research reports. StockNews.com upgraded Gentherm from a “hold” rating to a “buy” rating in a report on Thursday, February 22nd. JPMorgan Chase & Co. lifted their target price on shares of Gentherm from $58.00 to $63.00 and gave the company an “underweight” rating in a research note on Friday, February 23rd. Finally, Robert W. Baird increased their target price on shares of Gentherm from $60.00 to $66.00 and gave the stock a “neutral” rating in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Gentherm has a consensus rating of “Hold” and an average target price of $66.75.

Insider Activity at Gentherm

In other news, CEO Phillip Eyler sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $55.17, for a total transaction of $827,550.00. Following the completion of the transaction, the chief executive officer now directly owns 147,317 shares in the company, valued at $8,127,478.89. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.91% of the stock is owned by corporate insiders.

Gentherm Price Performance

Shares of Gentherm stock opened at $50.48 on Thursday. The company has a current ratio of 2.12, a quick ratio of 1.48 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $54.22 and a 200-day simple moving average of $50.77. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 41.04 and a beta of 1.49. Gentherm Incorporated has a 1-year low of $38.21 and a 1-year high of $66.54.

Gentherm (NASDAQ:THRM) last released its earnings results on Wednesday, February 21st. The auto parts company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.36. The firm had revenue of $366.93 million during the quarter, compared to analyst estimates of $364.40 million. Gentherm had a net margin of 2.75% and a return on equity of 12.91%. The business’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.47 EPS. On average, sell-side analysts expect that Gentherm Incorporated will post 2.81 earnings per share 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.