Gentherm Inc (NASDAQ:THRM) Stake Lessened by Metropolitan Life Insurance Co NY

Metropolitan Life Insurance Co NY lessened its stake in Gentherm Inc (NASDAQ:THRM) by 3.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,567 shares of the auto parts company’s stock after selling 367 shares during the period. Metropolitan Life Insurance Co NY’s holdings in Gentherm were worth $434,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Connors Investor Services Inc. increased its stake in shares of Gentherm by 0.6% in the third quarter. Connors Investor Services Inc. now owns 48,023 shares of the auto parts company’s stock worth $1,973,000 after buying an additional 269 shares during the last quarter. Arizona State Retirement System boosted its holdings in Gentherm by 0.6% in the second quarter. Arizona State Retirement System now owns 52,237 shares of the auto parts company’s stock worth $2,185,000 after purchasing an additional 315 shares during the period. Zebra Capital Management LLC boosted its holdings in Gentherm by 6.5% in the second quarter. Zebra Capital Management LLC now owns 5,904 shares of the auto parts company’s stock worth $247,000 after purchasing an additional 358 shares during the period. Parallel Advisors LLC boosted its holdings in Gentherm by 32.5% in the second quarter. Parallel Advisors LLC now owns 1,915 shares of the auto parts company’s stock worth $80,000 after purchasing an additional 470 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in Gentherm by 9.7% in the second quarter. AQR Capital Management LLC now owns 10,169 shares of the auto parts company’s stock worth $425,000 after purchasing an additional 896 shares during the period.

In other news, VP Paul Cameron Giberson sold 6,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $42.78, for a total transaction of $256,680.00. Following the completion of the transaction, the vice president now owns 11,865 shares of the company’s stock, valued at $507,584.70. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

A number of equities analysts have commented on the stock. Barrington Research reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Gentherm in a report on Monday, October 28th. BidaskClub downgraded shares of Gentherm from a “buy” rating to a “hold” rating in a report on Saturday, November 16th. Zacks Investment Research reaffirmed a “sell” rating on shares of Gentherm in a report on Sunday, November 3rd. Roth Capital assumed coverage on shares of Gentherm in a report on Monday. They issued a “buy” rating and a $50.00 price objective for the company. Finally, TheStreet raised shares of Gentherm from a “c+” rating to a “b+” rating in a report on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $44.40.

Shares of THRM opened at $44.97 on Friday. Gentherm Inc has a 1 year low of $35.63 and a 1 year high of $45.10. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 1.66 and a beta of 1.30. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.56 and a current ratio of 2.26. The firm has a fifty day moving average of $42.64 and a 200-day moving average of $40.45.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.16. Gentherm had a net margin of 3.99% and a return on equity of 15.78%. The company had revenue of $240.06 million during the quarter, compared to the consensus estimate of $250.14 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was down 8.2% compared to the same quarter last year. Analysts predict that Gentherm Inc will post 2.02 EPS for the current year.

Gentherm Profile

Gentherm, Inc engages in the design, development, manufacture, and marketing of heating, cooling, and ventilating devices. It operates through the following business segments: Automotive and Industrial.. The Automotive segment designs, develops, produces, and sells automotive seat comfort systems, specialized automotive cable systems, and automotive and non-automotive thermal convenience products.

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Institutional Ownership by Quarter for Gentherm (NASDAQ:THRM)

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