Gentherm Incorporated (NASDAQ:THRM) Stake Lowered by State Street Corp

State Street Corp decreased its stake in Gentherm Incorporated (NASDAQ:THRM) by 0.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,221,932 shares of the auto parts company’s stock after selling 10,705 shares during the period. State Street Corp owned 3.94% of Gentherm worth $56,881,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quarry LP lifted its stake in Gentherm by 952.9% in the third quarter. Quarry LP now owns 537 shares of the auto parts company’s stock valued at $25,000 after buying an additional 486 shares during the last quarter. Gladius Capital Management LP bought a new stake in Gentherm in the 3rd quarter valued at about $44,000. Headlands Technologies LLC boosted its stake in Gentherm by 134.0% during the 2nd quarter. Headlands Technologies LLC now owns 1,224 shares of the auto parts company’s stock valued at $60,000 after purchasing an additional 701 shares during the period. Palouse Capital Management Inc. acquired a new position in Gentherm during the 2nd quarter valued at about $92,000. Finally, MeadowBrook Investment Advisors LLC grew its position in Gentherm by 8.4% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock worth $156,000 after purchasing an additional 260 shares during the last quarter. Institutional investors and hedge funds own 97.13% of the company’s stock.

Insider Transactions at Gentherm

In related news, SVP Hui (Helen) Xu sold 2,500 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $42.00, for a total value of $105,000.00. Following the completion of the transaction, the senior vice president now owns 18,947 shares in the company, valued at $795,774. This trade represents a 11.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Thomas Stocker sold 1,295 shares of Gentherm stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $42.98, for a total value of $55,659.10. Following the completion of the transaction, the senior vice president now directly owns 13,413 shares in the company, valued at $576,490.74. This represents a 8.80 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on THRM shares. 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 research report on Monday, October 21st. Craig Hallum reduced their price target on Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, Robert W. Baird lowered their price target on Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st.

Gentherm Stock Performance

THRM opened at $39.27 on Thursday. The business has a 50 day moving average price of $42.25 and a two-hundred day moving average price of $47.02. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.02 and a quick ratio of 1.38. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 18.35 and a beta of 1.42. Gentherm Incorporated has a 1-year low of $38.90 and a 1-year high of $62.93.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, beating 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 return on equity of 14.36% and a net margin of 4.61%. The company’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.64 earnings per share. Research analysts predict that Gentherm Incorporated will post 2.71 EPS for the current fiscal 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.