Louisiana State Employees Retirement System Makes New $859,000 Investment in Gentherm Incorporated (NASDAQ:THRM)

Louisiana State Employees Retirement System acquired a new position in shares of Gentherm Incorporated (NASDAQ:THRM) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 16,400 shares of the auto parts company’s stock, valued at approximately $859,000. Louisiana State Employees Retirement System owned 0.05% of Gentherm as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its stake 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 valued at $115,000 after purchasing an additional 276 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Gentherm during the third quarter valued at $207,000. Panagora Asset Management Inc. purchased a new stake in shares of Gentherm during the third quarter valued at $210,000. Pathstone Family Office LLC purchased a new stake in shares of Gentherm during the third quarter valued at $235,000. Finally, Linden Thomas Advisory Services LLC boosted its stake in shares of Gentherm by 25.8% during the third quarter. Linden Thomas Advisory Services LLC now owns 4,612 shares of the auto parts company’s stock valued at $250,000 after purchasing an additional 947 shares during the period. 97.13% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Gentherm news, CEO Phillip Eyler sold 15,000 shares of the business’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $55.17, for a total value of $827,550.00. Following the completion of the transaction, the chief executive officer now directly owns 147,317 shares in the company, valued at $8,127,478.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.91% of the stock is currently owned by corporate insiders.

Gentherm Stock Performance

Shares of Gentherm stock opened at $50.59 on Friday. The company has a market capitalization of $1.60 billion, a PE ratio of 41.13 and a beta of 1.49. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.48 and a current ratio of 2.12. The company has a 50-day simple moving average of $54.38 and a two-hundred day simple moving average of $50.59. Gentherm Incorporated has a one year low of $38.21 and a one year high of $66.54.

Gentherm (NASDAQ:THRM) last announced its earnings results on Wednesday, February 21st. The auto parts company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.36. The business had revenue of $366.93 million during the quarter, compared to the consensus estimate of $364.40 million. Gentherm had a net margin of 2.75% and a return on equity of 12.91%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 earnings per share. Research analysts expect that Gentherm Incorporated will post 2.8 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on THRM shares. JPMorgan Chase & Co. decreased their price objective on Gentherm from $63.00 to $60.00 and set an “underweight” rating for the company in a report on Monday, April 22nd. Robert W. Baird lifted their price objective on Gentherm from $60.00 to $66.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. Finally, StockNews.com upgraded Gentherm from a “hold” rating to a “buy” rating in a report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $66.00.

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.