California State Teachers Retirement System Sells 659 Shares of Gentherm Incorporated (NASDAQ:THRM)

California State Teachers Retirement System lowered its stake in Gentherm Incorporated (NASDAQ:THRM) by 2.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,266 shares of the auto parts company’s stock after selling 659 shares during the quarter. California State Teachers Retirement System owned about 0.10% of Gentherm worth $1,168,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in THRM. Barclays PLC raised its stake in shares of Gentherm by 234.8% in the third quarter. Barclays PLC now owns 61,466 shares of the auto parts company’s stock worth $2,861,000 after buying an additional 43,108 shares during the period. KBC Group NV raised its stake in shares of Gentherm by 82.2% in 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 during the period. MeadowBrook Investment Advisors LLC raised its stake in shares of Gentherm by 37.8% in the fourth quarter. MeadowBrook Investment Advisors LLC now owns 4,630 shares of the auto parts company’s stock worth $185,000 after buying an additional 1,270 shares during the period. Rhumbline Advisers raised its stake in shares of Gentherm by 0.3% in the fourth quarter. Rhumbline Advisers now owns 90,758 shares of the auto parts company’s stock worth $3,623,000 after buying an additional 277 shares during the period. Finally, Palouse Capital Management Inc. raised its stake in shares of Gentherm by 91.6% in the fourth quarter. Palouse Capital Management Inc. now owns 3,585 shares of the auto parts company’s stock worth $143,000 after buying an additional 1,714 shares during the period. Institutional investors own 97.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on THRM shares. Robert W. Baird raised their price objective on Gentherm from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday, April 25th. Wall Street Zen downgraded Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 26th.

Gentherm Stock Performance

NASDAQ:THRM opened at $27.78 on Tuesday. The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.36. Gentherm Incorporated has a 12-month low of $22.75 and a 12-month high of $56.68. The stock has a 50-day moving average price of $26.02 and a 200 day moving average price of $32.99. The stock has a market capitalization of $857.29 million, a P/E ratio of 13.42 and a beta of 1.42.

Gentherm (NASDAQ:THRM) last released its earnings results on Thursday, April 24th. The auto parts company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The firm had revenue of $353.85 million during the quarter, compared to analysts’ expectations of $347.39 million. During the same quarter last year, the business posted $0.62 earnings per share. The firm’s revenue was down .6% on a year-over-year basis. Equities research analysts forecast that Gentherm Incorporated will post 3.1 EPS for the current fiscal year.

Insider Buying and Selling at Gentherm

In other news, CEO William T. Presley purchased 3,000 shares of the business’s stock in a transaction on Friday, April 25th. The stock was acquired at an average price of $24.67 per share, for a total transaction of $74,010.00. Following the acquisition, the chief executive officer now directly owns 161,103 shares of the company’s stock, valued at $3,974,411.01. This represents a 1.90% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is currently owned by company insiders.

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.