Gentherm Inc (THRM) Shares Sold by Metropolitan Life Insurance Co. NY

Metropolitan Life Insurance Co. NY lessened its position in Gentherm Inc (NASDAQ:THRM) by 51.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,123 shares of the auto parts company’s stock after selling 12,777 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Gentherm were worth $385,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in THRM. Wells Fargo & Company MN increased its stake in Gentherm by 124.9% in the fourth quarter. Wells Fargo & Company MN now owns 538,996 shares of the auto parts company’s stock valued at $17,113,000 after acquiring an additional 299,351 shares during the last quarter. Schroder Investment Management Group increased its stake in Gentherm by 83.3% in the fourth quarter. Schroder Investment Management Group now owns 495,415 shares of the auto parts company’s stock valued at $15,729,000 after acquiring an additional 225,100 shares during the last quarter. Rockefeller Financial Services Inc. increased its stake in Gentherm by 12.7% in the fourth quarter. Rockefeller Financial Services Inc. now owns 528,503 shares of the auto parts company’s stock valued at $16,780,000 after acquiring an additional 59,366 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Gentherm by 96.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 98,069 shares of the auto parts company’s stock valued at $3,114,000 after acquiring an additional 48,233 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD bought a new position in Gentherm in the fourth quarter valued at $1,374,000. 98.47% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ THRM opened at $36.05 on Tuesday. The company has a quick ratio of 1.98, a current ratio of 2.69 and a debt-to-equity ratio of 0.25. Gentherm Inc has a 12-month low of $29.50 and a 12-month high of $40.80. The stock has a market cap of $1,297.72, a price-to-earnings ratio of 15.61, a price-to-earnings-growth ratio of 0.60 and a beta of 1.70.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Tuesday, February 20th. The auto parts company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.08. Gentherm had a net margin of 3.57% and a return on equity of 11.81%. The business had revenue of $257.19 million during the quarter, compared to analyst estimates of $253.48 million. During the same period in the prior year, the business posted $0.68 earnings per share. The company’s revenue was up 8.7% on a year-over-year basis. sell-side analysts predict that Gentherm Inc will post 2.36 earnings per share for the current fiscal year.

THRM has been the topic of a number of research analyst reports. JPMorgan Chase reissued an “overweight” rating and issued a $39.00 target price (down previously from $40.00) on shares of Gentherm in a research note on Wednesday, February 21st. Longbow Research initiated coverage on Gentherm in a research note on Friday, January 5th. They issued an “underperform” rating on the stock. BidaskClub cut Gentherm from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 25th. Craig Hallum raised Gentherm from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. Finally, Zacks Investment Research raised Gentherm from a “sell” rating to a “hold” rating in a research note on Thursday, January 25th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $39.56.

Gentherm Profile

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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