Gentherm Incorporated (NASDAQ:THRM) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp trimmed its stake in Gentherm Incorporated (NASDAQ:THRM) by 3.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 27,761 shares of the auto parts company’s stock after selling 942 shares during the period. Texas Permanent School Fund Corp owned about 0.09% of Gentherm worth $1,369,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in Gentherm by 2,995.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 268,920 shares of the auto parts company’s stock worth $15,484,000 after acquiring an additional 260,233 shares in the last quarter. Norges Bank acquired a new stake in Gentherm during the 4th quarter worth $10,991,000. Trigran Investments Inc. boosted its stake in Gentherm by 10.7% during the 4th quarter. Trigran Investments Inc. now owns 1,887,857 shares of the auto parts company’s stock worth $98,848,000 after purchasing an additional 183,170 shares during the period. Granahan Investment Management LLC raised its position in Gentherm by 61.2% during the 4th quarter. Granahan Investment Management LLC now owns 412,971 shares of the auto parts company’s stock worth $21,623,000 after buying an additional 156,842 shares during the last quarter. Finally, Pembroke Management LTD raised its position in Gentherm by 36.5% during the 1st quarter. Pembroke Management LTD now owns 273,827 shares of the auto parts company’s stock worth $15,767,000 after buying an additional 73,227 shares during the last quarter. 97.13% of the stock is owned by hedge funds and other institutional investors.

Gentherm Price Performance

Gentherm stock opened at $50.78 on Friday. Gentherm Incorporated has a 12-month low of $38.21 and a 12-month high of $62.93. The stock has a market capitalization of $1.61 billion, a P/E ratio of 34.78 and a beta of 1.43. The firm’s 50-day moving average is $49.98 and its two-hundred day moving average is $51.44. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.11 and a quick ratio of 1.46.

Gentherm (NASDAQ:THRM) last released its earnings results on Wednesday, July 31st. The auto parts company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.04. Gentherm had a net margin of 4.61% and a return on equity of 14.03%. The business had revenue of $375.70 million for the quarter, compared to analysts’ expectations of $375.82 million. During the same period last year, the company earned $0.58 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. Equities analysts predict that Gentherm Incorporated will post 2.81 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Robert W. Baird cut their price target on shares of Gentherm from $65.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, July 12th. JPMorgan Chase & Co. dropped their target price on shares of Gentherm from $60.00 to $56.00 and set an “underweight” rating for the company in a report on Monday, July 22nd. Finally, StockNews.com upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $62.00.

Insider Activity at Gentherm

In other news, CEO Phillip Eyler sold 4,402 shares of Gentherm stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $50.20, for a total transaction of $220,980.40. Following the sale, the chief executive officer now owns 147,317 shares in the company, valued at $7,395,313.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders have sold 34,402 shares of company stock worth $1,727,430. Company insiders own 1.91% of the company’s stock.

Gentherm 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.