Illinois Municipal Retirement Fund Has $642,000 Stock Position in Gentherm Incorporated (NASDAQ:THRM)

Illinois Municipal Retirement Fund trimmed its position in Gentherm Incorporated (NASDAQ:THRM) by 11.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,088 shares of the auto parts company’s stock after selling 2,036 shares during the quarter. Illinois Municipal Retirement Fund owned approximately 0.05% of Gentherm worth $642,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in THRM. Nuance Investments LLC acquired a new stake in Gentherm in the third quarter worth about $16,754,000. Cerity Partners LLC grew its position in shares of Gentherm by 880.7% during the 3rd quarter. Cerity Partners LLC now owns 188,683 shares of the auto parts company’s stock worth $8,783,000 after buying an additional 169,443 shares during the period. Global Alpha Capital Management Ltd. grew its position 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 buying an additional 116,500 shares during the period. FMR LLC grew its position 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 buying an additional 107,322 shares during the period. Finally, Barclays PLC grew its position in shares of Gentherm by 234.8% during the 3rd quarter. Barclays PLC now owns 61,466 shares of the auto parts company’s stock worth $2,861,000 after buying an additional 43,108 shares during the period. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

THRM has been the subject of several analyst reports. Robert W. Baird decreased their target price on Gentherm from $44.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th. JPMorgan Chase & Co. decreased their target price on Gentherm from $56.00 to $51.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Finally, StockNews.com lowered Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 26th.

Gentherm Trading Down 4.2 %

NASDAQ:THRM opened at $31.70 on Tuesday. Gentherm Incorporated has a fifty-two week low of $30.25 and a fifty-two week high of $57.96. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.38. The stock has a market capitalization of $976.01 million, a PE ratio of 15.31 and a beta of 1.42. 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 released its quarterly earnings data on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.39). Gentherm had a net margin of 4.46% and a return on equity of 11.43%. The business had revenue of $352.91 million for the quarter, compared to the consensus estimate of $360.29 million. During the same quarter last year, the firm earned $0.90 EPS. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. Sell-side analysts expect that Gentherm Incorporated will post 3.1 earnings per share for the current fiscal year.

Insider Activity

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