Louisiana State Employees Retirement System Sells 800 Shares of Gentherm Incorporated (NASDAQ:THRM)

Louisiana State Employees Retirement System lowered its stake in shares of Gentherm Incorporated (NASDAQ:THRM) by 5.0% during the third quarter, Holdings Channel.com reports. The firm owned 15,100 shares of the auto parts company’s stock after selling 800 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Gentherm were worth $703,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Headlands Technologies LLC boosted its position in shares of Gentherm by 86.1% in the 1st quarter. Headlands Technologies LLC now owns 523 shares of the auto parts company’s stock worth $30,000 after purchasing an additional 242 shares in the last quarter. Palouse Capital Management Inc. purchased a new stake in Gentherm in the second quarter valued at about $92,000. Hennion & Walsh Asset Management Inc. acquired a new stake in Gentherm in the third quarter worth about $208,000. Central Pacific Bank Trust Division purchased a new stake in shares of Gentherm during the first quarter worth about $347,000. Finally, ProShare Advisors LLC raised its position in shares of Gentherm by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 6,610 shares of the auto parts company’s stock valued at $381,000 after purchasing an additional 454 shares during the last quarter. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Insider Buying and Selling

In other news, CEO Phillip Eyler sold 4,402 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $50.20, for a total value of $220,980.40. Following the transaction, the chief executive officer now owns 147,317 shares in the company, valued at $7,395,313.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.91% of the stock is owned by insiders.

Analyst Ratings Changes

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

Gentherm Trading Up 1.5 %

Shares of Gentherm stock opened at $43.92 on Tuesday. The stock has a market cap of $1.36 billion, a PE ratio of 20.52 and a beta of 1.44. The firm has a fifty day moving average price of $45.11 and a 200 day moving average price of $48.82. Gentherm Incorporated has a 1 year low of $39.86 and a 1 year high of $62.93. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.02 and a quick ratio of 1.46.

Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.66 by $0.09. The company had revenue of $371.50 million for the quarter, compared to analyst estimates of $372.89 million. Gentherm had a net margin of 4.61% and a return on equity of 14.36%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the business earned $0.64 earnings per share. Equities research analysts predict that Gentherm Incorporated will post 2.74 earnings per share for the current year.

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.