Short Interest in Gentherm Incorporated (NASDAQ:THRM) Increases By 23.2%

Gentherm Incorporated (NASDAQ:THRM) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 900,700 shares, a growth of 23.2% from the December 15th total of 731,200 shares. Based on an average trading volume of 237,300 shares, the short-interest ratio is presently 3.8 days. Currently, 3.0% of the company’s stock are sold short.

Insider Transactions at Gentherm

In other news, SVP Hui (Helen) Xu sold 2,500 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $42.00, for a total value of $105,000.00. Following the sale, the senior vice president now directly owns 18,947 shares in the company, valued at $795,774. The trade was a 11.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Thomas Stocker sold 1,295 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $42.98, for a total value of $55,659.10. Following the transaction, the senior vice president now directly owns 13,413 shares of the company’s stock, valued at $576,490.74. This represents a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.91% of the stock is owned by insiders.

Hedge Funds Weigh In On Gentherm

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP lifted its position in shares of Gentherm by 952.9% in the third quarter. Quarry LP now owns 537 shares of the auto parts company’s stock valued at $25,000 after buying an additional 486 shares during the last quarter. Gladius Capital Management LP bought a new stake in Gentherm in the 3rd quarter valued at $44,000. Palouse Capital Management Inc. acquired a new stake in Gentherm during the 2nd quarter valued at $92,000. MeadowBrook Investment Advisors LLC boosted its position in Gentherm by 8.4% during the third quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock worth $156,000 after purchasing an additional 260 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of Gentherm in the third quarter valued at $207,000. Institutional investors own 97.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on THRM. Robert W. Baird reduced their price target on Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Craig Hallum reduced their target price on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, October 31st. JPMorgan Chase & Co. upgraded shares of Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price target on the stock in a research note on Monday, October 21st. Finally, StockNews.com upgraded shares of Gentherm from a “buy” rating to a “strong-buy” rating in a research note on Thursday.

Gentherm Trading Up 0.6 %

Shares of Gentherm stock opened at $39.53 on Friday. Gentherm has a 12-month low of $37.94 and a 12-month high of $62.93. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $41.02 and its 200-day moving average is $45.22. The stock has a market cap of $1.22 billion, a P/E ratio of 18.47 and a beta of 1.42.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. Gentherm had a net margin of 4.61% and a return on equity of 14.36%. The firm had revenue of $371.50 million during the quarter, compared to analysts’ expectations of $372.89 million. During the same quarter last year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. Equities research analysts predict that Gentherm will post 2.71 earnings per share for the current fiscal year.

Gentherm Company Profile

Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.