Municipal Employees Retirement System of Michigan raised its holdings in shares of Gentherm Inc (NASDAQ:THRM) by 59.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,780 shares of the auto parts company’s stock after acquiring an additional 5,140 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Gentherm were worth $512,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Gentherm by 0.5% during the second quarter. Vanguard Group Inc. now owns 3,227,072 shares of the auto parts company’s stock valued at $125,210,000 after purchasing an additional 14,890 shares in the last quarter. Virginia Retirement Systems ET AL grew its position in shares of Gentherm by 5.2% during the second quarter. Virginia Retirement Systems ET AL now owns 52,800 shares of the auto parts company’s stock valued at $2,049,000 after purchasing an additional 2,600 shares in the last quarter. Parametric Portfolio Associates LLC grew its position in shares of Gentherm by 4.7% during the second quarter. Parametric Portfolio Associates LLC now owns 145,120 shares of the auto parts company’s stock valued at $5,631,000 after purchasing an additional 6,482 shares in the last quarter. Royal Bank of Canada grew its position in shares of Gentherm by 1.4% during the second quarter. Royal Bank of Canada now owns 757,023 shares of the auto parts company’s stock valued at $29,373,000 after purchasing an additional 10,484 shares in the last quarter. Finally, Pinebridge Investments L.P. grew its position in shares of Gentherm by 893.0% during the second quarter. Pinebridge Investments L.P. now owns 47,377 shares of the auto parts company’s stock valued at $1,838,000 after purchasing an additional 42,606 shares in the last quarter. 99.28% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Erin Erwine Ascher sold 2,000 shares of Gentherm stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $35.14, for a total value of $70,280.00. Following the completion of the transaction, the vice president now owns 29,161 shares in the company, valued at $1,024,717.54. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.30% of the company’s stock.

A number of research analysts have recently weighed in on THRM shares. Zacks Investment Research lowered Gentherm from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. FBR & Co reiterated a “buy” rating on shares of Gentherm in a research report on Thursday, September 14th. B. Riley reiterated a “buy” rating on shares of Gentherm in a research report on Thursday, November 2nd. ValuEngine lowered Gentherm from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, TheStreet lowered Gentherm from a “b-” rating to a “c+” rating in a research report on Thursday, August 17th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $40.75.

Gentherm Inc (THRM) opened at $34.75 on Tuesday. The company has a market capitalization of $1,302.16, a PE ratio of 19.94, a P/E/G ratio of 1.10 and a beta of 1.94. Gentherm Inc has a 12-month low of $29.50 and a 12-month high of $40.80. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.23 and a quick ratio of 2.47.

Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.33). The company had revenue of $235.85 million during the quarter, compared to analysts’ expectations of $235.94 million. Gentherm had a return on equity of 12.82% and a net margin of 6.89%. The company’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.61 EPS. analysts expect that Gentherm Inc will post 1.62 EPS for the current year.

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About Gentherm

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.

Institutional Ownership by Quarter for Gentherm (NASDAQ:THRM)

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