Employees Retirement System of Texas maintained its stake in shares of Gentherm Inc (NASDAQ:THRM) during the 2nd quarter, according to its most recent filing with the SEC. The fund owned 49,000 shares of the auto parts company’s stock at the end of the 2nd quarter. Employees Retirement System of Texas owned about 0.13% of Gentherm worth $1,901,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. BlackRock Inc. raised its position in Gentherm by 152,589.9% during the 1st quarter. BlackRock Inc. now owns 4,608,180 shares of the auto parts company’s stock valued at $180,872,000 after purchasing an additional 4,605,162 shares during the last quarter. Vanguard Group Inc. raised its position in Gentherm by 7.3% during the 1st quarter. Vanguard Group Inc. now owns 3,212,182 shares of the auto parts company’s stock valued at $126,078,000 after purchasing an additional 218,171 shares during the last quarter. Brandywine Global Investment Management LLC bought a new position in Gentherm during the 2nd quarter valued at approximately $4,031,000. Parametric Portfolio Associates LLC raised its position in Gentherm by 181.8% during the 1st quarter. Parametric Portfolio Associates LLC now owns 138,638 shares of the auto parts company’s stock valued at $5,442,000 after purchasing an additional 89,447 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Gentherm by 6.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,455,672 shares of the auto parts company’s stock valued at $57,134,000 after purchasing an additional 89,183 shares during the last quarter. Institutional investors own 96.75% of the company’s stock.
Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Thursday, July 27th. The auto parts company reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.38). Gentherm had a net margin of 8.34% and a return on equity of 16.34%. The company had revenue of $243.40 million for the quarter, compared to the consensus estimate of $244.48 million. During the same period in the prior year, the firm posted $0.59 EPS. The business’s revenue was up 4.6% on a year-over-year basis.
A number of research firms have commented on THRM. BidaskClub lowered Gentherm from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. FBR & Co reaffirmed a “buy” rating on shares of Gentherm in a research report on Wednesday, October 4th. TheStreet lowered Gentherm from a “b-” rating to a “c+” rating in a research report on Thursday, August 17th. Barrington Research lowered their price target on Gentherm from $47.00 to $43.00 and set an “outperform” rating for the company in a research report on Friday, July 28th. Finally, Zacks Investment Research lowered Gentherm from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Gentherm has an average rating of “Hold” and a consensus target price of $40.75.
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Gentherm Incorporated (Gentherm) is a global technology company engaged in the design, development, and manufacturing of thermal management technologies. The Company has two segments: Automotive and Industrial. Its products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation, patient temperature management, environmental product testing and other consumer and industrial temperature control needs.
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