California State Teachers Retirement System Has $2.20 Million Position in Gentherm Inc (THRM)

California State Teachers Retirement System cut its stake in shares of Gentherm Inc (NASDAQ:THRM) by 8.9% in the third quarter, HoldingsChannel.com reports. The firm owned 59,107 shares of the auto parts company’s stock after selling 5,805 shares during the quarter. California State Teachers Retirement System’s holdings in Gentherm were worth $2,196,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System grew its stake in shares of Gentherm by 0.4% during the second quarter. State Board of Administration of Florida Retirement System now owns 29,214 shares of the auto parts company’s stock worth $1,134,000 after purchasing an additional 124 shares during the period. Victory Capital Management Inc. grew its stake in shares of Gentherm by 12.7% during the second quarter. Victory Capital Management Inc. now owns 4,479 shares of the auto parts company’s stock worth $174,000 after purchasing an additional 504 shares during the period. Bancorpsouth Inc. grew its stake in shares of Gentherm by 12.4% during the second quarter. Bancorpsouth Inc. now owns 6,314 shares of the auto parts company’s stock worth $245,000 after purchasing an additional 696 shares during the period. Riverhead Capital Management LLC grew its stake in shares of Gentherm by 70.6% during the second quarter. Riverhead Capital Management LLC now owns 2,730 shares of the auto parts company’s stock worth $106,000 after purchasing an additional 1,130 shares during the period. Finally, Connors Investor Services Inc. grew its stake in shares of Gentherm by 2.5% during the second quarter. Connors Investor Services Inc. now owns 56,457 shares of the auto parts company’s stock worth $2,191,000 after purchasing an additional 1,373 shares during the period. 99.26% of the stock is owned by institutional investors and hedge funds.

Gentherm Inc (THRM) opened at $32.95 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.47 and a current ratio of 3.23. The firm has a market capitalization of $1,208.62, a PE ratio of 18.20, a price-to-earnings-growth ratio of 0.53 and a beta of 1.96. Gentherm Inc has a twelve month low of $29.50 and a twelve month high of $40.80.

Gentherm (NASDAQ:THRM) last posted its earnings results on Thursday, October 26th. The auto parts company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.33). The business had revenue of $235.85 million for the quarter, compared to the consensus estimate of $235.94 million. Gentherm had a return on equity of 12.82% and a net margin of 6.89%. The business’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 earnings per share. equities analysts predict that Gentherm Inc will post 1.62 EPS for the current year.

A number of brokerages recently commented on THRM. Zacks Investment Research cut Gentherm from a “hold” rating to a “sell” rating in a research note on Thursday, December 28th. BidaskClub raised Gentherm from a “strong sell” rating to a “sell” rating in a research note on Friday, January 5th. FBR & Co reaffirmed a “buy” rating and set a $45.00 price objective on shares of Gentherm in a research note on Thursday, October 26th. Argus decreased their price objective on Gentherm to $40.00 and set a “buy” rating for the company in a research note on Friday, December 15th. Finally, Longbow Research began coverage on Gentherm in a research note on Friday, January 5th. They set an “underperform” rating for the company. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $40.57.

In other Gentherm news, VP Erin Erwine Ascher sold 2,000 shares of Gentherm stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $35.14, for a total transaction of $70,280.00. Following the transaction, the vice president now directly owns 29,161 shares in the company, valued at $1,024,717.54. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Maurice Ep Gunderson sold 10,000 shares of Gentherm stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $33.44, for a total value of $334,400.00. Following the transaction, the director now owns 26,557 shares in the company, valued at $888,066.08. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

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Gentherm Profile

Gentherm Incorporated (Gentherm) is a global technology company engaged in the design, development, and manufacturing of thermal management technologies. The Company has two segments: Automotive and Industrial. Its products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation, patient temperature management, environmental product testing and other consumer and industrial temperature control needs.

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Institutional Ownership by Quarter for Gentherm (NASDAQ:THRM)

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