New York State Common Retirement Fund Lowers Holdings in Gentherm Incorporated (NASDAQ:THRM)

New York State Common Retirement Fund trimmed its position in shares of Gentherm Incorporated (NASDAQ:THRM) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,220 shares of the auto parts company’s stock after selling 427 shares during the quarter. New York State Common Retirement Fund owned approximately 0.11% of Gentherm worth $1,366,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of THRM. Quarry LP grew its holdings in shares of Gentherm by 952.9% during the third quarter. Quarry LP now owns 537 shares of the auto parts company’s stock worth $25,000 after buying an additional 486 shares in the last quarter. Gladius Capital Management LP purchased a new stake in Gentherm during the 3rd quarter worth $44,000. KBC Group NV grew its position in shares of Gentherm by 82.2% during the fourth quarter. KBC Group NV now owns 1,822 shares of the auto parts company’s stock worth $73,000 after buying an additional 822 shares in the last quarter. MeadowBrook Investment Advisors LLC boosted its stake in Gentherm by 8.4% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock valued at $156,000 after acquiring an additional 260 shares during the last quarter. Finally, Palouse Capital Management Inc. raised its stake in shares of Gentherm by 91.6% in the 4th quarter. Palouse Capital Management Inc. now owns 3,585 shares of the auto parts company’s stock valued at $143,000 after purchasing an additional 1,714 shares in the last quarter. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Gentherm Price Performance

Shares of NASDAQ THRM opened at $33.08 on Monday. The firm’s 50-day simple moving average is $37.74 and its 200 day simple moving average is $42.21. The stock has a market cap of $1.02 billion, a P/E ratio of 15.98 and a beta of 1.42. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.36. Gentherm Incorporated has a fifty-two week low of $30.25 and a fifty-two week high of $58.17.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings data on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.39). Gentherm had a net margin of 4.46% and a return on equity of 11.43%. The firm had revenue of $352.91 million during the quarter, compared to analyst estimates of $360.29 million. During the same quarter last year, the company earned $0.90 EPS. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. Equities analysts expect that Gentherm Incorporated will post 3.1 EPS for the current year.

Insider Buying and Selling

In other Gentherm news, SVP Thomas Stocker sold 1,295 shares of Gentherm stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $42.98, for a total transaction of $55,659.10. Following the sale, the senior vice president now directly owns 13,413 shares of the company’s stock, valued at approximately $576,490.74. The trade was a 8.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Hui (Helen) Xu sold 2,500 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $42.00, for a total transaction of $105,000.00. Following the sale, the senior vice president now directly owns 18,947 shares in the company, valued at $795,774. This represents a 11.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.91% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. StockNews.com downgraded Gentherm from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 26th. Robert W. Baird dropped their price target on Gentherm from $44.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Gentherm from $56.00 to $51.00 and set a “neutral” rating for the company in a report on Monday, January 27th.

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.