Illinois Municipal Retirement Fund Sells 2,036 Shares of Gentherm Incorporated (NASDAQ:THRM)

Illinois Municipal Retirement Fund lowered its stake in shares of Gentherm Incorporated (NASDAQ:THRM) by 11.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,088 shares of the auto parts company’s stock after selling 2,036 shares during the period. Illinois Municipal Retirement Fund’s holdings in Gentherm were worth $642,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Disciplined Growth Investors Inc. MN raised its stake in shares of Gentherm by 2.0% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,169,671 shares of the auto parts company’s stock worth $54,448,000 after purchasing an additional 23,051 shares in the last quarter. Global Alpha Capital Management Ltd. raised its stake in shares of 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 worth $29,451,000 after purchasing an additional 116,500 shares in the last quarter. FMR LLC raised its stake in shares of Gentherm by 26.8% during the 3rd quarter. FMR LLC now owns 507,598 shares of the auto parts company’s stock worth $23,629,000 after purchasing an additional 107,322 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Gentherm by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 460,829 shares of the auto parts company’s stock worth $21,452,000 after purchasing an additional 5,754 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in shares of Gentherm by 9.2% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 443,715 shares of the auto parts company’s stock worth $20,659,000 after purchasing an additional 37,215 shares in the last quarter. Institutional investors own 97.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on THRM. StockNews.com cut Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. decreased their target price on Gentherm from $56.00 to $51.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Finally, Robert W. Baird decreased their target price on Gentherm from $44.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th.

Insider Buying and Selling at Gentherm

In other Gentherm news, SVP Thomas Stocker sold 1,295 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $42.98, for a total value of $55,659.10. Following the transaction, the senior vice president now directly owns 13,413 shares of the company’s stock, valued at $576,490.74. This represents a 8.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Hui (Helen) Xu sold 2,500 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $42.00, for a total value of $105,000.00. Following the completion of the transaction, the senior vice president now directly owns 18,947 shares in the company, valued at approximately $795,774. This represents a 11.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.91% of the company’s stock.

Gentherm Stock Down 4.2 %

THRM stock opened at $31.70 on Tuesday. The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $976.01 million, a PE ratio of 15.31 and a beta of 1.42. Gentherm Incorporated has a 1-year low of $30.25 and a 1-year high of $57.96. The business’s 50 day simple moving average is $37.61 and its 200 day simple moving average is $42.01.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Wednesday, February 19th. The auto parts company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.39). Gentherm had a net margin of 4.46% and a return on equity of 11.43%. The firm had revenue of $352.91 million during the quarter, compared to analyst estimates of $360.29 million. During the same period in the prior year, the company earned $0.90 earnings per share. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. As a group, research analysts anticipate that Gentherm Incorporated will post 3.1 EPS for the current year.

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.