State of Tennessee Treasury Department lowered its stake in shares of Gentherm Incorporated (NASDAQ:THRM) by 4.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,565 shares of the auto parts company’s stock after selling 1,006 shares during the quarter. State of Tennessee Treasury Department’s holdings in Gentherm were worth $1,598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vantage Consulting Group Inc bought a new position in Gentherm in the fourth quarter worth about $26,000. US Bancorp DE grew its position in shares of Gentherm by 113.1% in the 4th quarter. US Bancorp DE now owns 652 shares of the auto parts company’s stock worth $43,000 after buying an additional 346 shares during the last quarter. Veriti Management LLC bought a new position in shares of Gentherm during the 4th quarter worth approximately $91,000. Crossmark Global Holdings Inc. purchased a new stake in Gentherm during the first quarter valued at approximately $215,000. Finally, Clearbridge Investments LLC acquired a new stake in Gentherm in the fourth quarter valued at approximately $222,000. Institutional investors own 97.15% of the company’s stock.
Separately, Roth Capital increased their price objective on Gentherm from $53.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, March 2nd.
Gentherm (NASDAQ:THRM) last released its earnings results on Thursday, April 29th. The auto parts company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.48. Gentherm had a net margin of 8.30% and a return on equity of 17.17%. The company had revenue of $288.54 million during the quarter, compared to analysts’ expectations of $250.72 million. As a group, equities analysts expect that Gentherm Incorporated will post 3.8 earnings per share for the current year.
In related news, SVP Thomas Stocker sold 2,106 shares of Gentherm stock in a transaction dated Thursday, March 18th. The stock was sold at an average price of $80.58, for a total transaction of $169,701.48. Following the completion of the sale, the senior vice president now owns 11,198 shares of the company’s stock, valued at $902,334.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Wayne S. Kauffman III sold 739 shares of the company’s stock in a transaction that occurred on Thursday, March 18th. The shares were sold at an average price of $80.78, for a total value of $59,696.42. Following the completion of the sale, the vice president now owns 11,078 shares in the company, valued at approximately $894,880.84. The disclosure for this sale can be found here. Insiders have sold 5,967 shares of company stock worth $481,436 over the last three months. Corporate insiders own 0.82% of the company’s stock.
Gentherm Incorporated designs, develops, manufactures, and markets thermal management technologies. The company operates through two segments, Automotive and Medical. The Automotive segment offers climate comfort system solutions, 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 system solutions, including neck conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.
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