California State Teachers Retirement System trimmed its stake in shares of Gentherm Inc (NASDAQ:THRM) by 9.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 64,912 shares of the auto parts company’s stock after selling 6,965 shares during the quarter. California State Teachers Retirement System owned 0.18% of Gentherm worth $2,519,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC bought a new stake in shares of Gentherm during the 2nd quarter valued at $345,000. State Street Corp raised its stake in shares of Gentherm by 3.9% during the 2nd quarter. State Street Corp now owns 848,178 shares of the auto parts company’s stock valued at $32,908,000 after purchasing an additional 32,184 shares during the period. Janus Henderson Group PLC bought a new stake in shares of Gentherm during the 2nd quarter valued at $18,221,000. Royal Bank of Canada raised its stake in shares of Gentherm by 1.4% during the 2nd 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 during the period. Finally, Brandywine Global Investment Management LLC bought a new stake in shares of Gentherm during the 2nd quarter valued at $4,031,000. Institutional investors own 95.51% of the company’s stock.

Gentherm Inc (NASDAQ THRM) opened at $34.27 on Friday. The firm has a market capitalization of $1,257.24, a PE ratio of 19.26, a price-to-earnings-growth ratio of 1.05 and a beta of 1.94. The company has a quick ratio of 2.47, a current ratio of 3.23 and a debt-to-equity ratio of 0.26. Gentherm Inc has a one year low of $29.35 and a one year high of $40.80.

Gentherm (NASDAQ:THRM) last announced its earnings results on Thursday, October 26th. The auto parts company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.33). The business had revenue of $235.85 million during the quarter, compared to the consensus estimate of $235.94 million. Gentherm had a return on equity of 12.82% and a net margin of 6.89%. Gentherm’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.61 earnings per share. equities analysts predict that Gentherm Inc will post 1.63 earnings per share for the current fiscal year.

A number of research firms recently issued reports on THRM. B. Riley reiterated a “buy” rating on shares of Gentherm in a research note on Thursday, November 2nd. Zacks Investment Research upgraded Gentherm from a “sell” rating to a “hold” rating in a research note on Saturday, November 4th. FBR & Co reiterated a “buy” rating and set a $45.00 price objective on shares of Gentherm in a research note on Thursday, October 26th. ValuEngine lowered Gentherm from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, TheStreet lowered Gentherm from a “b-” rating to a “c+” rating in a research note on Thursday, August 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $40.75.

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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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