Illinois Municipal Retirement Fund Lowers Stake in Gentherm Incorporated (NASDAQ:THRM)

Illinois Municipal Retirement Fund lowered its stake in shares of Gentherm Incorporated (NASDAQ:THRM) by 2.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 19,703 shares of the auto parts company’s stock after selling 430 shares during the period. Illinois Municipal Retirement Fund’s holdings in Gentherm were worth $1,032,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Assenagon Asset Management S.A. raised its position in shares of Gentherm by 25.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 175,591 shares of the auto parts company’s stock valued at $9,194,000 after buying an additional 35,854 shares in the last quarter. Bridge City Capital LLC raised its position in Gentherm by 40.6% in the 3rd quarter. Bridge City Capital LLC now owns 40,039 shares of the auto parts company’s stock worth $2,173,000 after purchasing an additional 11,555 shares during the period. Trigran Investments Inc. raised its position in Gentherm by 6.1% in the 3rd quarter. Trigran Investments Inc. now owns 1,704,687 shares of the auto parts company’s stock worth $92,496,000 after purchasing an additional 97,293 shares during the period. Envestnet Asset Management Inc. raised its position in Gentherm by 127.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 169,381 shares of the auto parts company’s stock worth $9,191,000 after purchasing an additional 94,809 shares during the period. Finally, Hsbc Holdings PLC raised its position in Gentherm by 107.4% in the 3rd quarter. Hsbc Holdings PLC now owns 10,513 shares of the auto parts company’s stock worth $576,000 after purchasing an additional 5,443 shares during the period. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Gentherm Stock Performance

Shares of NASDAQ:THRM opened at $50.59 on Monday. 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 company has a 50-day moving average price of $54.38 and a 200-day moving average price of $50.53. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 41.13 and a beta of 1.49. Gentherm Incorporated has a 12 month low of $38.21 and a 12 month high of $66.54.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings results on Wednesday, February 21st. The auto parts company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.36. Gentherm had a return on equity of 12.91% and a net margin of 2.75%. The company had revenue of $366.93 million for the quarter, compared to the consensus estimate of $364.40 million. During the same quarter in the previous year, the business earned $0.47 EPS. Gentherm’s revenue was up 6.9% compared to the same quarter last year. As a group, equities analysts anticipate that Gentherm Incorporated will post 2.8 EPS for the current year.

Insider Activity

In related news, CEO Phillip Eyler sold 15,000 shares of the firm’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $55.17, for a total value of $827,550.00. Following the completion of the sale, the chief executive officer now owns 147,317 shares of the company’s stock, valued at $8,127,478.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.91% of the company’s stock.

Wall Street Analyst Weigh In

THRM has been the topic of a number of analyst reports. Robert W. Baird lifted 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. JPMorgan Chase & Co. decreased their target price on shares of Gentherm from $63.00 to $60.00 and set an “underweight” rating on the stock in a research report on Monday, April 22nd. Finally, StockNews.com upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a research report on Thursday, February 22nd. One 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 data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $66.00.

Gentherm Company Profile

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.