Louisiana State Employees Retirement System Purchases 1,100 Shares of Gentherm Incorporated (NASDAQ:THRM)

Louisiana State Employees Retirement System boosted its position in shares of Gentherm Incorporated (NASDAQ:THRM) by 7.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,000 shares of the auto parts company’s stock after purchasing an additional 1,100 shares during the period. Louisiana State Employees Retirement System’s holdings in Gentherm were worth $1,295,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in THRM. FORA Capital LLC bought a new position in Gentherm during the 2nd quarter worth about $46,000. Advisor Group Holdings Inc. increased its holdings in Gentherm by 392.1% during the 2nd quarter. Advisor Group Holdings Inc. now owns 743 shares of the auto parts company’s stock worth $54,000 after purchasing an additional 592 shares in the last quarter. US Bancorp DE grew its holdings in shares of Gentherm by 107.7% in the 2nd quarter. US Bancorp DE now owns 1,354 shares of the auto parts company’s stock valued at $97,000 after acquiring an additional 702 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in shares of Gentherm in the 2nd quarter valued at about $100,000. Finally, Tudor Investment Corp Et Al bought a new position in shares of Gentherm in the 2nd quarter valued at about $222,000. Hedge funds and other institutional investors own 96.70% of the company’s stock.

Gentherm stock opened at $89.23 on Thursday. Gentherm Incorporated has a 52 week low of $55.53 and a 52 week high of $89.59. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.95 and a current ratio of 2.66. The stock has a market capitalization of $2.97 billion, a P/E ratio of 27.71 and a beta of 1.36. The stock has a 50-day simple moving average of $83.85 and a 200 day simple moving average of $78.53.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Thursday, October 28th. The auto parts company reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.14). The company had revenue of $243.38 million for the quarter, compared to analyst estimates of $250.73 million. Gentherm had a return on equity of 19.02% and a net margin of 9.88%. The company’s revenue was down 6.2% on a year-over-year basis. During the same quarter last year, the business earned $0.91 earnings per share. Research analysts forecast that Gentherm Incorporated will post 2.73 earnings per share for the current year.

Several equities analysts have recently weighed in on THRM shares. Seaport Research Partners started coverage on Gentherm in a report on Wednesday, October 27th. They issued a “buy” rating and a $105.00 price objective for the company. Seaport Res Ptn restated a “buy” rating on shares of Gentherm in a report on Wednesday, October 27th. Roth Capital decreased their price objective on Gentherm from $92.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, October 28th. Robert W. Baird started coverage on Gentherm in a report on Tuesday, September 21st. They issued an “outperform” rating and a $94.00 price objective for the company. Finally, Zacks Investment Research cut Gentherm from a “hold” rating to a “sell” rating in a report on Thursday, October 7th. Three research analysts have rated the stock with a sell rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $93.14.

Gentherm Company Profile

Gentherm, Inc engages in the designing, development, manufacturing, and marketing of heating, cooling, and ventilating devices. It operates through the following business segments: Automotive and Medical. The Automotive segment designs, develops, produces, and sells automotive seat comfort systems, specialized automotive cable systems, and automotive and non-automotive thermal convenience products.

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Institutional Ownership by Quarter for Gentherm (NASDAQ:THRM)

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