Public Sector Pension Investment Board Acquires 2,442 Shares of Gentherm Incorporated (NASDAQ:THRM)

Public Sector Pension Investment Board raised its holdings in shares of Gentherm Incorporated (NASDAQ:THRM) by 3.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,670 shares of the auto parts company’s stock after purchasing an additional 2,442 shares during the period. Public Sector Pension Investment Board owned 0.22% of Gentherm worth $3,436,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Norges Bank bought a new position in shares of Gentherm during the fourth quarter valued at approximately $10,991,000. UBS Group AG raised its holdings in Gentherm by 13.9% in the 4th quarter. UBS Group AG now owns 191,002 shares of the auto parts company’s stock worth $10,001,000 after purchasing an additional 23,239 shares in the last quarter. TFO Wealth Partners LLC boosted its stake in shares of Gentherm by 44,050.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,766 shares of the auto parts company’s stock valued at $92,000 after purchasing an additional 1,762 shares in the last quarter. Westwood Holdings Group Inc. increased its position in shares of Gentherm by 17.1% during the fourth quarter. Westwood Holdings Group Inc. now owns 37,428 shares of the auto parts company’s stock valued at $1,960,000 after buying an additional 5,474 shares during the period. Finally, Trigran Investments Inc. increased its position in shares of Gentherm by 10.7% during the fourth quarter. Trigran Investments Inc. now owns 1,887,857 shares of the auto parts company’s stock valued at $98,848,000 after buying an additional 183,170 shares during the period. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Insider Transactions at Gentherm

In related news, CEO Phillip Eyler sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $50.03, for a total transaction of $750,450.00. Following the completion of the sale, the chief executive officer now owns 147,317 shares of the company’s stock, valued at $7,370,269.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have sold 34,402 shares of company stock worth $1,727,430. Corporate insiders own 1.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. StockNews.com raised Gentherm from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Robert W. Baird decreased their price objective on Gentherm from $65.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, July 12th. Finally, JPMorgan Chase & Co. lowered their price objective on Gentherm from $60.00 to $56.00 and set an “underweight” rating for the company in a research report on Monday, July 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $62.00.

Gentherm Stock Performance

Gentherm stock opened at $48.00 on Friday. Gentherm Incorporated has a twelve month low of $38.21 and a twelve month high of $62.93. The company has a quick ratio of 1.46, a current ratio of 2.11 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $1.52 billion, a P/E ratio of 32.88 and a beta of 1.43. The stock’s 50 day moving average is $49.55 and its 200 day moving average is $51.16.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.04. The firm had revenue of $375.70 million during the quarter, compared to the consensus estimate of $375.82 million. Gentherm had a return on equity of 14.03% and a net margin of 4.61%. The company’s revenue was up .9% on a year-over-year basis. During the same period last year, the company earned $0.58 earnings per share. On average, equities research analysts predict that Gentherm Incorporated will post 2.81 earnings per share for the current fiscal 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.