Arizona State Retirement System Lowers Holdings in Gentherm Incorporated (NASDAQ:THRM)

Arizona State Retirement System trimmed its holdings in Gentherm Incorporated (NASDAQ:THRM) by 2.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 9,223 shares of the auto parts company’s stock after selling 209 shares during the period. Arizona State Retirement System’s holdings in Gentherm were worth $483,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC boosted its position in shares of Gentherm by 192.7% during the first quarter. Tower Research Capital LLC TRC now owns 846 shares of the auto parts company’s stock worth $51,000 after buying an additional 557 shares during the period. SkyView Investment Advisors LLC purchased a new position in shares of Gentherm during the first quarter worth $60,000. PNC Financial Services Group Inc. boosted its position in shares of Gentherm by 14.9% during the third quarter. PNC Financial Services Group Inc. now owns 2,123 shares of the auto parts company’s stock worth $115,000 after buying an additional 276 shares during the period. XTX Topco Ltd purchased a new position in shares of Gentherm during the first quarter worth $200,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Gentherm during the third quarter worth $200,000. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

Gentherm Stock Down 0.5 %

Gentherm stock opened at $49.99 on Friday. Gentherm Incorporated has a 1-year low of $38.21 and a 1-year high of $66.54. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.12 and a quick ratio of 1.48. The stock has a market cap of $1.58 billion, a PE ratio of 40.64 and a beta of 1.49. The stock’s fifty day moving average is $54.31 and its two-hundred day moving average is $50.74.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Wednesday, February 21st. The auto parts company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.36. Gentherm had a return on equity of 12.91% and a net margin of 2.75%. The company had revenue of $366.93 million for the quarter, compared to analysts’ expectations of $364.40 million. During the same period last year, the firm earned $0.47 earnings per share. Gentherm’s quarterly revenue was up 6.9% on a year-over-year basis. On average, sell-side analysts expect that Gentherm Incorporated will post 2.81 EPS for the current fiscal year.

Insider Buying and Selling at Gentherm

In other Gentherm news, CEO Phillip Eyler sold 15,000 shares of the firm’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $55.17, for a total value of $827,550.00. Following the sale, the chief executive officer now directly owns 147,317 shares in the company, valued at $8,127,478.89. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.91% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on Gentherm from $58.00 to $63.00 and gave the stock an “underweight” rating in a research report on Friday, February 23rd. Robert W. Baird increased their price objective on Gentherm from $60.00 to $66.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Finally, StockNews.com upgraded Gentherm from a “hold” rating to a “buy” rating in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $66.75.

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.