Public Employees Retirement Association of Colorado maintained its position in Gentherm Inc. (NASDAQ:THRM) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 234,500 shares of the company’s stock at the end of the second quarter. Public Employees Retirement Association of Colorado’s holdings in Gentherm were worth $8,032,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. State Street Corp boosted its stake in shares of Gentherm by 3.3% in the first quarter. State Street Corp now owns 686,880 shares of the company’s stock worth $28,568,000 after buying an additional 21,956 shares during the last quarter. BlackRock Group LTD boosted its stake in shares of Gentherm by 24.1% in the first quarter. BlackRock Group LTD now owns 46,375 shares of the company’s stock worth $1,930,000 after buying an additional 9,011 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Gentherm by 8.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 970,640 shares of the company’s stock worth $40,369,000 after buying an additional 72,956 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Gentherm by 85.3% in the first quarter. BlackRock Inc. now owns 2,477 shares of the company’s stock worth $103,000 after buying an additional 1,140 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of Gentherm by 11.2% in the first quarter. Prudential Financial Inc. now owns 94,321 shares of the company’s stock worth $3,922,000 after buying an additional 9,462 shares during the last quarter. Institutional investors own 96.36% of the company’s stock.
Gentherm Inc. (NASDAQ:THRM) traded up 0.76% during mid-day trading on Friday, hitting $30.35. 400,470 shares of the company traded hands. The firm has a market capitalization of $1.11 billion, a P/E ratio of 12.81 and a beta of 1.89. Gentherm Inc. has a one year low of $29.78 and a one year high of $51.71. The firm has a 50 day moving average of $31.37 and a 200 day moving average of $35.30.
Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.66 by $0.07. Gentherm had a return on equity of 20.22% and a net margin of 9.77%. The firm had revenue of $232.72 million for the quarter, compared to analysts’ expectations of $240.54 million. During the same quarter last year, the firm posted $0.54 earnings per share. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. Equities research analysts expect that Gentherm Inc. will post $2.06 earnings per share for the current fiscal year.
Several research analysts have weighed in on the stock. Zacks Investment Research raised shares of Gentherm from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th. FBR & Co lowered their price target on shares of Gentherm from $49.00 to $42.00 and set a “market perform” rating on the stock in a report on Friday, July 29th. KeyCorp reaffirmed an “equal weight” rating on shares of Gentherm in a report on Friday, September 9th. Roth Capital cut shares of Gentherm from a “buy” rating to a “neutral” rating and raised their target price for the stock from $33.00 to $53.00 in a report on Friday, July 29th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Gentherm from $48.00 to $44.00 and set an “overweight” rating on the stock in a report on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $45.00.
Gentherm Incorporated (Gentherm) is a global technology company, which is engaged in the design, development, and manufacturing of innovative thermal management technologies and automotive cable systems. The Company has two segments: Automotive and Industrial. The Automotive segment comprises Gentherm’s three geographic operating segments: North America, Europe and Asia.
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