New York State Teachers Retirement System Lowers Holdings in Gentherm Incorporated (NASDAQ:THRM)

New York State Teachers Retirement System decreased its holdings in shares of Gentherm Incorporated (NASDAQ:THRM) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,931 shares of the auto parts company’s stock after selling 1,005 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of Gentherm worth $1,410,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC lifted its holdings in shares of Gentherm by 192.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 846 shares of the auto parts company’s stock worth $51,000 after acquiring an additional 557 shares during the last quarter. SkyView Investment Advisors LLC acquired a new position in 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. US Bancorp DE grew its stake in shares of Gentherm by 9.8% in the first quarter. US Bancorp DE now owns 2,805 shares of the auto parts company’s stock valued at $206,000 after buying an additional 251 shares in the last quarter. Finally, Graham Capital Management L.P. purchased a new stake in shares of Gentherm in the 1st quarter valued at $231,000. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Phillip Eyler sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $55.17, for a total transaction of $827,550.00. Following the completion of the sale, the chief executive officer now owns 147,317 shares in the company, valued at $8,127,478.89. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.91% of the stock is owned by company insiders.

Gentherm Price Performance

Shares of NASDAQ THRM opened at $50.48 on Thursday. 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 company has a market cap of $1.60 billion, a price-to-earnings ratio of 41.04 and a beta of 1.49. The stock’s 50-day moving average is $54.22 and its two-hundred day moving average is $50.77. Gentherm Incorporated has a 1-year low of $38.21 and a 1-year high of $66.54.

Gentherm (NASDAQ:THRM) last released its earnings results on Wednesday, February 21st. The auto parts company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.36. The firm had revenue of $366.93 million for the quarter, compared to analyst estimates of $364.40 million. Gentherm had a net margin of 2.75% and a return on equity of 12.91%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 earnings per share. Analysts forecast that Gentherm Incorporated will post 2.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on THRM. Robert W. Baird raised their target price on Gentherm from $60.00 to $66.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. JPMorgan Chase & Co. raised their price objective on shares of Gentherm from $58.00 to $63.00 and gave the company an “underweight” rating in a research note on Friday, February 23rd. Finally, StockNews.com raised shares of Gentherm from a “hold” rating to a “buy” rating in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.