Mutual of America Capital Management LLC Sells 489 Shares of Gentherm Incorporated (NASDAQ:THRM)

Mutual of America Capital Management LLC reduced its position in shares of Gentherm Incorporated (NASDAQ:THRM) by 9.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,713 shares of the auto parts company’s stock after selling 489 shares during the period. Mutual of America Capital Management LLC’s holdings in Gentherm were worth $219,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Headlands Technologies LLC boosted its position in Gentherm by 134.0% in the 2nd quarter. Headlands Technologies LLC now owns 1,224 shares of the auto parts company’s stock valued at $60,000 after buying an additional 701 shares during the last quarter. Palouse Capital Management Inc. bought a new position in shares of Gentherm during the second quarter worth $92,000. MeadowBrook Investment Advisors LLC increased its holdings in shares of Gentherm by 8.4% in the third quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock worth $156,000 after acquiring an additional 260 shares in the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Gentherm in the third quarter valued at approximately $208,000. Finally, MQS Management LLC bought a new position in Gentherm during the 3rd quarter worth about $240,000. 97.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Gentherm news, CEO Phillip Eyler sold 4,402 shares of the 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 completion of the sale, the chief executive officer now owns 147,317 shares of the company’s stock, valued at approximately $7,395,313.40. This represents a 2.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.91% of the stock is owned by corporate insiders.

Gentherm Stock Performance

NASDAQ:THRM opened at $42.10 on Friday. The stock’s 50-day moving average is $43.10 and its 200-day moving average is $47.83. Gentherm Incorporated has a 1-year low of $39.86 and a 1-year high of $62.93. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34. The stock has a market cap of $1.30 billion, a P/E ratio of 19.67 and a beta of 1.44.

Gentherm (NASDAQ:THRM) last posted its earnings results on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The firm had revenue of $371.50 million for 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%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.64 EPS. Equities research analysts anticipate that Gentherm Incorporated will post 2.71 earnings per share for the current year.

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.