Gentherm Incorporated (NASDAQ:THRM) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its position in Gentherm Incorporated (NASDAQ:THRM) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,896 shares of the auto parts company’s stock after selling 500 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Gentherm worth $994,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in THRM. Quarry LP lifted its position in Gentherm by 952.9% during the 3rd quarter. Quarry LP now owns 537 shares of the auto parts company’s stock worth $25,000 after acquiring an additional 486 shares during the period. Gladius Capital Management LP purchased a new position in Gentherm in the 3rd quarter valued at approximately $44,000. KBC Group NV increased its stake in Gentherm by 82.2% in the 4th quarter. KBC Group NV now owns 1,822 shares of the auto parts company’s stock valued at $73,000 after purchasing an additional 822 shares in the last quarter. MeadowBrook Investment Advisors LLC grew its holdings in Gentherm by 8.4% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock valued at $156,000 after buying an additional 260 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in Gentherm during the 3rd quarter valued at $207,000. 97.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Gentherm

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on THRM. JPMorgan Chase & Co. decreased their price objective on Gentherm from $56.00 to $51.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Craig Hallum reduced their target price on Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. StockNews.com raised Gentherm from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 18th. Finally, Robert W. Baird dropped their target price on Gentherm from $44.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday.

Gentherm Stock Down 1.1 %

Shares of Gentherm stock opened at $33.08 on Monday. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.36. The firm has a market cap of $1.02 billion, a P/E ratio of 15.98 and a beta of 1.42. Gentherm Incorporated has a fifty-two week low of $30.25 and a fifty-two week high of $59.84. The business has a 50-day moving average price of $38.31 and a 200 day moving average price of $42.73.

Gentherm (NASDAQ:THRM) last issued its earnings results on Wednesday, February 19th. The auto parts company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.39). Gentherm had a net margin of 4.46% and a return on equity of 11.43%. The company had revenue of $352.91 million during the quarter, compared to analyst estimates of $360.29 million. During the same quarter in the previous year, the firm earned $0.90 earnings per share. The business’s revenue was down 3.8% on a year-over-year basis. On average, sell-side analysts forecast that Gentherm Incorporated will post 3.1 earnings per share for the current fiscal year.

About Gentherm

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.