Louisiana State Employees Retirement System raised its holdings in shares of Gentherm Incorporated (NASDAQ:THRM – Free Report) by 12.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,400 shares of the auto parts company’s stock after acquiring an additional 1,900 shares during the period. Louisiana State Employees Retirement System owned approximately 0.05% of Gentherm worth $983,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the business. MetLife Investment Management LLC lifted its stake in Gentherm by 1.0% during the 4th quarter. MetLife Investment Management LLC now owns 17,707 shares of the auto parts company’s stock valued at $1,156,000 after acquiring an additional 179 shares during the period. Great West Life Assurance Co. Can lifted its stake in shares of Gentherm by 0.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 28,849 shares of the auto parts company’s stock valued at $2,157,000 after purchasing an additional 181 shares during the period. US Bancorp DE lifted its stake in shares of 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 purchasing an additional 251 shares during the period. Captrust Financial Advisors lifted its stake in shares of Gentherm by 7.6% in the 1st quarter. Captrust Financial Advisors now owns 3,698 shares of the auto parts company’s stock valued at $270,000 after purchasing an additional 260 shares during the period. Finally, Arizona State Retirement System lifted its holdings in Gentherm by 2.8% during the first quarter. Arizona State Retirement System now owns 9,619 shares of the auto parts company’s stock valued at $581,000 after purchasing an additional 261 shares in the last quarter. 97.13% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
THRM has been the topic of several recent analyst reports. Argus decreased their price objective on shares of Gentherm from $80.00 to $68.00 and set a “buy” rating on the stock in a report on Monday, August 28th. StockNews.com began coverage on shares of Gentherm in a research report on Thursday. They issued a “hold” rating for the company. Finally, Robert W. Baird cut shares of Gentherm from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $73.00 to $65.00 in a research report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $64.67.
Insider Buying and Selling
In other news, CAO Breisacher Nicholas sold 400 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $64.89, for a total transaction of $25,956.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Thomas Stocker sold 3,000 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $56.81, for a total value of $170,430.00. Following the completion of the sale, the senior vice president now directly owns 8,950 shares of the company’s stock, valued at $508,449.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Breisacher Nicholas sold 400 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $64.89, for a total transaction of $25,956.00. Following the completion of the sale, the chief accounting officer now directly owns 1,983 shares of the company’s stock, valued at $128,676.87. The disclosure for this sale can be found here. Insiders sold 6,005 shares of company stock worth $352,321 over the last 90 days. 1.32% of the stock is owned by insiders.
Gentherm Price Performance
Gentherm stock opened at $54.47 on Friday. Gentherm Incorporated has a 12-month low of $51.95 and a 12-month high of $76.13. The stock has a market cap of $1.80 billion, a P/E ratio of 155.63 and a beta of 1.35. The company has a 50-day moving average price of $58.68 and a 200 day moving average price of $57.79. The company has a current ratio of 2.31, a quick ratio of 1.63 and a debt-to-equity ratio of 0.32.
Gentherm (NASDAQ:THRM – Get Free Report) last announced its quarterly earnings results on Tuesday, August 1st. The auto parts company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Gentherm had a net margin of 0.85% and a return on equity of 11.25%. The business had revenue of $372.30 million during the quarter, compared to analysts’ expectations of $368.93 million. During the same period last year, the business earned $0.25 earnings per share. The business’s revenue for the quarter was up 42.8% on a year-over-year basis. Sell-side analysts anticipate that Gentherm Incorporated will post 2.53 earnings per share for the current 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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