Principal Financial Group Inc. Has $6.91 Million Stock Holdings in Gentherm Incorporated (NASDAQ:THRM)

Principal Financial Group Inc. cut its position in Gentherm Incorporated (NASDAQ:THRM) by 5.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,443 shares of the auto parts company’s stock after selling 8,781 shares during the period. Principal Financial Group Inc. owned 0.47% of Gentherm worth $6,910,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. ProShare Advisors LLC increased its holdings in shares of Gentherm by 7.4% during the first quarter. ProShare Advisors LLC now owns 6,610 shares of the auto parts company’s stock valued at $381,000 after acquiring an additional 454 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in Gentherm by 22.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 11,531 shares of the auto parts company’s stock worth $697,000 after acquiring an additional 2,080 shares during the period. UniSuper Management Pty Ltd bought a new position in Gentherm during the first quarter valued at $495,000. Quadrature Capital Ltd purchased a new stake in Gentherm during the first quarter valued at about $693,000. Finally, Boston Partners raised its holdings in Gentherm by 67.9% during the 1st quarter. Boston Partners now owns 10,453 shares of the auto parts company’s stock valued at $602,000 after acquiring an additional 4,228 shares during the period. Institutional investors own 97.13% of the company’s stock.

Gentherm Price Performance

Shares of THRM stock opened at $41.43 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.38 and a current ratio of 2.02. The business’s 50 day moving average price is $44.09 and its 200-day moving average price is $48.34. The firm has a market cap of $1.28 billion, a P/E ratio of 19.36 and a beta of 1.44. Gentherm Incorporated has a fifty-two week low of $39.86 and a fifty-two week high of $62.93.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.66 by $0.09. The business had revenue of $371.50 million during the quarter, compared to analyst estimates of $372.89 million. Gentherm had a net margin of 4.61% and a return on equity of 14.36%. Gentherm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the business posted $0.64 earnings per share. On average, equities research analysts anticipate that Gentherm Incorporated will post 2.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on THRM shares. Robert W. Baird cut their price objective on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. JPMorgan Chase & Co. upgraded Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price objective for the company in a report on Monday, October 21st. StockNews.com upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Finally, Craig Hallum reduced their price objective on Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $57.00.

Insider Buying and Selling

In other news, CEO Phillip Eyler sold 4,402 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $50.20, for a total transaction of $220,980.40. Following the transaction, the chief executive officer now directly owns 147,317 shares of the company’s stock, valued at $7,395,313.40. This represents a 2.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.91% of the stock is currently owned by company insiders.

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.