Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its stake in Gentherm Incorporated (NASDAQ:THRM – Free Report) by 1.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,151 shares of the auto parts company’s stock after selling 378 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.11% of Gentherm worth $2,124,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC raised its holdings in Gentherm by 90.9% in the 1st quarter. Global Retirement Partners LLC now owns 691 shares of the auto parts company’s stock valued at $41,000 after acquiring an additional 329 shares in the last quarter. Belpointe Asset Management LLC acquired a new position in Gentherm in the 4th quarter valued at $98,000. Ellevest Inc. raised its holdings in Gentherm by 12.4% in the 4th quarter. Ellevest Inc. now owns 1,518 shares of the auto parts company’s stock valued at $99,000 after acquiring an additional 168 shares in the last quarter. US Bancorp DE raised its holdings in Gentherm by 9.8% in the 1st quarter. US Bancorp DE now owns 2,805 shares of the auto parts company’s stock valued at $206,000 after acquiring an additional 251 shares in the last quarter. Finally, Graham Capital Management L.P. bought a new position in shares of Gentherm in the 1st quarter valued at $231,000. 96.29% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, CAO Breisacher Nicholas sold 400 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $64.89, for a total transaction of $25,956.00. Following the sale, the chief accounting officer now owns 1,983 shares in the company, valued at approximately $128,676.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.32% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
View Our Latest Research Report on Gentherm
Gentherm Trading Down 1.3 %
Shares of THRM stock opened at $58.75 on Friday. The firm has a market capitalization of $1.94 billion, a P/E ratio of 167.86 and a beta of 1.35. Gentherm Incorporated has a twelve month low of $49.45 and a twelve month high of $76.13. The company has a quick ratio of 1.63, a current ratio of 2.31 and a debt-to-equity ratio of 0.32. The stock’s fifty day simple moving average is $58.17 and its 200 day simple moving average is $60.30.
Gentherm (NASDAQ:THRM – Get Free Report) last issued its quarterly earnings data on Tuesday, August 1st. The auto parts company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. The business had revenue of $372.30 million for the quarter, compared to analyst estimates of $368.93 million. Gentherm had a return on equity of 11.25% and a net margin of 0.85%. Gentherm’s quarterly revenue was up 42.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS. As a group, sell-side analysts predict that Gentherm Incorporated will post 2.53 EPS for the current fiscal year.
About Gentherm
Gentherm Incorporated designs, develops, manufactures, and markets thermal management technologies. 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 that utilize proprietary electronics technology and software; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.
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