Barclays PLC Buys 43,108 Shares of Gentherm Incorporated (NASDAQ:THRM)

Barclays PLC boosted its stake in Gentherm Incorporated (NASDAQ:THRM - Free Report) by 234.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,466 shares of the auto parts company's stock after buying an additional 43,108 shares during the quarter. Barclays PLC owned approximately 0.20% of Gentherm worth $2,861,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Quarry LP raised its holdings in shares of Gentherm by 952.9% during the third quarter. Quarry LP now owns 537 shares of the auto parts company's stock worth $25,000 after acquiring an additional 486 shares in the last quarter. Gladius Capital Management LP purchased a new stake in shares of Gentherm during the 3rd quarter worth about $44,000. Headlands Technologies LLC lifted its holdings in shares of Gentherm by 134.0% during the 2nd quarter. Headlands Technologies LLC now owns 1,224 shares of the auto parts company's stock valued at $60,000 after buying an additional 701 shares during the last quarter. Palouse Capital Management Inc. bought a new stake in shares of Gentherm in the 2nd quarter valued at approximately $92,000. Finally, MeadowBrook Investment Advisors LLC grew its stake in shares of Gentherm by 8.4% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company's stock valued at $156,000 after buying an additional 260 shares in the last quarter. Institutional investors and hedge funds own 97.13% of the company's stock.

Analysts Set New Price Targets

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

Gentherm Stock Performance

Shares of Gentherm stock traded up $0.68 on Wednesday, reaching $39.00. The stock had a trading volume of 177,580 shares, compared to its average volume of 192,510. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.38 and a current ratio of 2.02. The business's 50-day moving average price is $41.94 and its two-hundred day moving average price is $46.52. The stock has a market cap of $1.21 billion, a P/E ratio of 18.22 and a beta of 1.42. Gentherm Incorporated has a fifty-two week low of $37.94 and a fifty-two week high of $62.93.

Gentherm (NASDAQ:THRM - Get Free Report) last announced its earnings results on Wednesday, October 30th. The auto parts company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.66 by $0.09. The firm had revenue of $371.50 million for the quarter, compared to the consensus estimate of $372.89 million. Gentherm had a net margin of 4.61% and a return on equity of 14.36%. The business's quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.64 EPS. On average, sell-side analysts forecast that Gentherm Incorporated will post 2.71 EPS for the current year.

Insider Activity at Gentherm

In related news, SVP Thomas Stocker sold 1,295 shares of Gentherm stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $42.98, for a total transaction of $55,659.10. Following the sale, the senior vice president now directly owns 13,413 shares of the company's stock, valued at $576,490.74. This trade represents a 8.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Hui (Helen) Xu sold 2,500 shares of the company's stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $42.00, for a total value of $105,000.00. Following the completion of the transaction, the senior vice president now directly owns 18,947 shares of the company's stock, valued at approximately $795,774. This trade represents a 11.66 % decrease in their position. The disclosure for this sale can be found here. 1.91% of the stock is owned by corporate insiders.

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.