Gentherm Incorporated (NASDAQ:THRM) Shares Purchased by Arizona State Retirement System

Posted by Defense World Staff on May 18th, 2023

Arizona State Retirement System boosted its position in Gentherm Incorporated (NASDAQ:THRM – Get Rating) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,358 shares of the auto parts company’s stock after purchasing an additional 355 shares during the quarter. Arizona State Retirement System’s holdings in Gentherm were worth $611,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC grew its holdings in Gentherm by 12.4% in the 4th quarter. LPL Financial LLC now owns 17,074 shares of the auto parts company’s stock valued at $1,147,000 after buying an additional 1,879 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Gentherm by 9.1% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,147 shares of the auto parts company’s stock valued at $734,000 after buying an additional 933 shares in the last quarter. Brinker Capital Investments LLC grew its holdings in Gentherm by 2.6% in the 4th quarter. Brinker Capital Investments LLC now owns 19,397 shares of the auto parts company’s stock valued at $1,266,000 after buying an additional 491 shares in the last quarter. Roubaix Capital LLC grew its holdings in Gentherm by 51.9% in the 4th quarter. Roubaix Capital LLC now owns 39,531 shares of the auto parts company’s stock valued at $2,581,000 after buying an additional 13,502 shares in the last quarter. Finally, Mesirow Institutional Investment Management Inc. grew its holdings in Gentherm by 25.5% in the 4th quarter. Mesirow Institutional Investment Management Inc. now owns 126,680 shares of the auto parts company’s stock valued at $8,271,000 after buying an additional 25,705 shares in the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Gentherm Stock Performance

NASDAQ THRM opened at $57.40 on Thursday. The stock has a market cap of $1.90 billion, a PE ratio of 94.10 and a beta of 1.38. The company has a current ratio of 2.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.34. Gentherm Incorporated has a twelve month low of $49.45 and a twelve month high of $76.13. The stock has a fifty day simple moving average of $58.25 and a 200-day simple moving average of $65.52.

Gentherm (NASDAQ:THRM – Get Rating) last posted its earnings results on Thursday, April 27th. The auto parts company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.01). Gentherm had a return on equity of 9.74% and a net margin of 1.59%. The firm had revenue of $363.60 million for the quarter, compared to analyst estimates of $357.56 million. During the same period in the previous year, the company posted $0.41 EPS. Gentherm’s revenue was up 35.8% on a year-over-year basis. Equities analysts anticipate that Gentherm Incorporated will post 2.51 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. JPMorgan Chase & Co. dropped their target price on Gentherm from $64.00 to $61.00 and set an “underweight” rating for the company in a report on Thursday, February 23rd. StockNews.com initiated coverage on Gentherm in a report on Thursday. They set a “hold” rating for the company. Robert W. Baird lowered their price target on Gentherm from $88.00 to $82.00 and set an “outperform” rating for the company in a report on Thursday, February 23rd. Finally, TheStreet cut Gentherm from a “b-” rating to a “c” rating in a report on Wednesday, February 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Gentherm has an average rating of “Hold” and an average target price of $74.33.

Insider Buying and Selling

In related news, SVP Barbara J. Runyon sold 3,748 shares of the stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $59.85, for a total transaction of $224,317.80. Following the transaction, the senior vice president now owns 22,236 shares of the company’s stock, valued at approximately $1,330,824.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.52% of the stock is owned by corporate insiders.

Gentherm Company Profile

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Gentherm, Inc engages in the designing, development, manufacturing, and marketing of heating, cooling, and ventilating devices. It operates through the following business segments: Automotive and Medical. The Automotive segment designs, develops, produces, and sells automotive seat comfort systems, specialized automotive cable systems, and automotive and non-automotive thermal convenience products.