Mutual of America Capital Management LLC Sells 489 Shares of Gentherm Incorporated (NASDAQ:THRM)

Mutual of America Capital Management LLC trimmed its holdings in Gentherm Incorporated (NASDAQ:THRM) by 9.4% during the third quarter, Holdings Channel reports. The firm owned 4,713 shares of the auto parts company’s stock after selling 489 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Gentherm were worth $219,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC increased its holdings in Gentherm by 134.0% in the second quarter. Headlands Technologies LLC now owns 1,224 shares of the auto parts company’s stock worth $60,000 after purchasing an additional 701 shares in the last quarter. Palouse Capital Management Inc. acquired a new stake in shares of Gentherm during the 2nd quarter worth approximately $92,000. MeadowBrook Investment Advisors LLC grew its position in shares of Gentherm by 8.4% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock worth $156,000 after buying an additional 260 shares during the period. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Gentherm in the 3rd quarter valued at $208,000. Finally, MQS Management LLC acquired a new position in shares of Gentherm during the 3rd quarter valued at $240,000. Institutional investors own 97.13% of the company’s stock.

Analysts Set New Price Targets

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

Gentherm Stock Down 0.0 %

Shares of NASDAQ THRM opened at $42.10 on Friday. 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 Incorporated has a 1 year low of $39.86 and a 1 year high of $62.93. The stock has a market capitalization of $1.30 billion, a P/E ratio of 19.67 and a beta of 1.44. The company has a 50-day moving average price of $43.10 and a 200-day moving average price of $47.83.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.66 by $0.09. The firm had revenue of $371.50 million during the quarter, compared to the consensus estimate of $372.89 million. Gentherm had a return on equity of 14.36% and a net margin of 4.61%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.64 earnings per share. On average, equities research analysts forecast that Gentherm Incorporated will post 2.71 EPS for the current fiscal year.

Insider Activity at Gentherm

In other Gentherm news, CEO Phillip Eyler sold 4,402 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $50.20, for a total value of $220,980.40. Following the completion of the sale, the chief executive officer now directly owns 147,317 shares of the company’s stock, valued at approximately $7,395,313.40. This represents a 2.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.91% of the stock is currently owned by insiders.

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.