New York State Common Retirement Fund Raises Position in Gentherm Incorporated (NASDAQ:THRM)

New York State Common Retirement Fund increased its holdings in shares of Gentherm Incorporated (NASDAQ:THRM) by 10.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 29,869 shares of the auto parts company’s stock after purchasing an additional 2,807 shares during the period. New York State Common Retirement Fund’s holdings in Gentherm were worth $1,564,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its position in shares of Gentherm by 14.9% in the third quarter. PNC Financial Services Group Inc. now owns 2,123 shares of the auto parts company’s stock valued at $115,000 after buying an additional 276 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of Gentherm in the 3rd quarter valued at approximately $207,000. Panagora Asset Management Inc. acquired a new stake in shares of Gentherm during the third quarter worth $210,000. Pathstone Family Office LLC purchased a new stake in shares of Gentherm in the third quarter valued at about $235,000. Finally, Handelsbanken Fonder AB lifted its holdings in shares of Gentherm by 9.2% in the 4th quarter. Handelsbanken Fonder AB now owns 5,916 shares of the auto parts company’s stock valued at $310,000 after buying an additional 500 shares during the period. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Gentherm Trading Down 0.4 %

Shares of NASDAQ THRM opened at $51.37 on Friday. The stock has a market capitalization of $1.63 billion, a P/E ratio of 35.18 and a beta of 1.49. The company has a quick ratio of 1.44, a current ratio of 2.10 and a debt-to-equity ratio of 0.34. The stock’s 50 day moving average price is $53.60 and its two-hundred day moving average price is $50.39. Gentherm Incorporated has a 52-week low of $38.21 and a 52-week high of $66.54.

Gentherm (NASDAQ:THRM) last released its earnings results on Tuesday, April 30th. The auto parts company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.43 by $0.19. The business had revenue of $356.00 million during the quarter, compared to analyst estimates of $361.11 million. Gentherm had a net margin of 3.23% and a return on equity of 13.56%. The business’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 earnings per share. On average, analysts anticipate that Gentherm Incorporated will post 2.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on THRM shares. Robert W. Baird lowered their target price on Gentherm from $67.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. JPMorgan Chase & Co. reduced their price objective on Gentherm from $63.00 to $60.00 and set an “underweight” rating on the stock in a research note on Monday, April 22nd. Finally, StockNews.com upgraded Gentherm from a “hold” rating to a “buy” rating in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $65.75.

Insider Transactions at Gentherm

In related news, CEO Phillip Eyler sold 15,000 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $51.47, for a total transaction of $772,050.00. Following the completion of the sale, the chief executive officer now directly owns 147,317 shares in the company, valued at $7,582,405.99. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.91% of the stock is owned by insiders.

Gentherm 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.