Mutual of America Capital Management LLC boosted its holdings in Gentherm Incorporated (NASDAQ:THRM – Get Rating) by 5.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 4,788 shares of the auto parts company’s stock after buying an additional 248 shares during the period. Mutual of America Capital Management LLC’s holdings in Gentherm were worth $350,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Maryland State Retirement & Pension System increased its stake in Gentherm by 1.5% in the 4th quarter. Maryland State Retirement & Pension System now owns 13,247 shares of the auto parts company’s stock worth $1,151,000 after buying an additional 201 shares in the last quarter. Meritage Portfolio Management grew its position in shares of Gentherm by 11.4% during the first quarter. Meritage Portfolio Management now owns 2,790 shares of the auto parts company’s stock valued at $204,000 after purchasing an additional 285 shares in the last quarter. Pallas Capital Advisors LLC grew its position in shares of Gentherm by 3.4% during the fourth quarter. Pallas Capital Advisors LLC now owns 10,154 shares of the auto parts company’s stock valued at $942,000 after purchasing an additional 333 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Gentherm by 29.0% during the first quarter. SG Americas Securities LLC now owns 1,606 shares of the auto parts company’s stock valued at $117,000 after purchasing an additional 361 shares in the last quarter. Finally, New York State Teachers Retirement System grew its position in shares of Gentherm by 1.3% during the fourth quarter. New York State Teachers Retirement System now owns 31,496 shares of the auto parts company’s stock valued at $2,737,000 after purchasing an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 99.08% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on THRM. TheStreet downgraded shares of Gentherm from a “b” rating to a “c+” rating in a report on Friday, May 20th. Roth Capital reaffirmed a “buy” rating on shares of Gentherm in a report on Thursday, May 5th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $99.00.
Insider Transactions at Gentherm
Gentherm Stock Up 0.4 %
Shares of NASDAQ THRM opened at $64.56 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.47 and a quick ratio of 1.75. The company has a market cap of $2.14 billion, a P/E ratio of 29.89 and a beta of 1.22. Gentherm Incorporated has a 1 year low of $55.02 and a 1 year high of $99.00. The firm has a 50-day simple moving average of $64.06 and a two-hundred day simple moving average of $72.29.
Gentherm (NASDAQ:THRM – Get Rating) last announced its quarterly earnings data on Wednesday, May 4th. The auto parts company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.06). The firm had revenue of $267.70 million during the quarter, compared to the consensus estimate of $254.31 million. Gentherm had a return on equity of 12.20% and a net margin of 7.05%. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.04 EPS. Research analysts anticipate that Gentherm Incorporated will post 2.62 earnings per share for the current year.
Gentherm Company Profile
Gentherm Incorporated designs, develops, manufactures, and markets thermal management technologies. 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 that utilize proprietary electronics technology and software; and other climate comfort systems, including neck conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.
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