Public Sector Pension Investment Board Reduces Position in Gentherm Incorporated (NASDAQ:THRM)

Public Sector Pension Investment Board lowered its position in Gentherm Incorporated (NASDAQ:THRM) by 4.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,470 shares of the auto parts company’s stock after selling 3,200 shares during the quarter. Public Sector Pension Investment Board’s holdings in Gentherm were worth $3,094,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Van Berkom & Associates Inc. raised its position in Gentherm by 1.5% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,364,291 shares of the auto parts company’s stock valued at $67,287,000 after purchasing an additional 20,371 shares during the last quarter. Disciplined Growth Investors Inc. MN boosted its stake in shares of Gentherm by 0.7% during the second quarter. Disciplined Growth Investors Inc. MN now owns 1,146,620 shares of the auto parts company’s stock worth $56,551,000 after buying an additional 8,049 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Gentherm by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,146,375 shares of the auto parts company’s stock worth $56,539,000 after buying an additional 37,365 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in Gentherm by 1.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 951,798 shares of the auto parts company’s stock valued at $46,943,000 after acquiring an additional 10,402 shares during the period. Finally, Global Alpha Capital Management Ltd. raised its stake in Gentherm by 22.6% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 632,673 shares of the auto parts company’s stock valued at $29,451,000 after acquiring an additional 116,500 shares during the last quarter. 97.13% of the stock is owned by institutional investors and hedge funds.

Gentherm Stock Performance

THRM opened at $41.32 on Wednesday. Gentherm Incorporated has a 1-year low of $39.86 and a 1-year high of $62.93. The stock has a market cap of $1.28 billion, a P/E ratio of 19.31 and a beta of 1.42. The stock’s 50 day simple moving average is $42.85 and its 200 day simple moving average is $47.66. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.02 and a quick ratio of 1.38.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. Gentherm had a return on equity of 14.36% and a net margin of 4.61%. The business had revenue of $371.50 million during the quarter, compared to analysts’ expectations of $372.89 million. During the same quarter last year, the business posted $0.64 earnings per share. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, equities analysts anticipate that Gentherm Incorporated will post 2.71 EPS for the current fiscal year.

Insider Buying and Selling at Gentherm

In related news, CEO Phillip Eyler sold 4,402 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $50.20, for a total transaction of $220,980.40. Following the sale, the chief executive officer now owns 147,317 shares of the company’s stock, valued at $7,395,313.40. This trade represents a 2.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.91% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on THRM. Craig Hallum dropped their target price on Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. JPMorgan Chase & Co. raised shares of Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price objective on the stock in a research note on Monday, October 21st. Robert W. Baird reduced their target price on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Finally, StockNews.com upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Gentherm presently has an average rating of “Hold” and a consensus price target of $57.00.

Gentherm Company Profile

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.