Gentherm Incorporated (NASDAQ:THRM) Shares Purchased by Fmr LLC

FMR LLC boosted its position in shares of Gentherm Incorporated (NASDAQ:THRM - Free Report) by 26.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 507,598 shares of the auto parts company's stock after purchasing an additional 107,322 shares during the quarter. FMR LLC owned about 1.64% of Gentherm worth $23,629,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of THRM. Nuance Investments LLC purchased a new position in shares of Gentherm in the 3rd quarter valued at $16,754,000. Cerity Partners LLC increased its holdings in shares of Gentherm by 880.7% in the 3rd quarter. Cerity Partners LLC now owns 188,683 shares of the auto parts company's stock valued at $8,783,000 after acquiring an additional 169,443 shares during the period. American Century Companies Inc. boosted its holdings in shares of Gentherm by 119.4% in the 2nd quarter. American Century Companies Inc. now owns 259,185 shares of the auto parts company's stock valued at $12,783,000 after buying an additional 141,047 shares in the last quarter. Global Alpha Capital Management Ltd. grew its position in shares of Gentherm by 22.6% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 632,673 shares of the auto parts company's stock worth $29,451,000 after buying an additional 116,500 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of Gentherm during the 3rd quarter worth approximately $2,658,000. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Craig Hallum cut their price target on shares of Gentherm from $85.00 to $65.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. Robert W. Baird dropped their target price on Gentherm from $54.00 to $50.00 and set a "neutral" rating on the stock in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. raised Gentherm from an "underweight" rating to a "neutral" rating and set a $56.00 target price on the stock in a research report on Monday, October 21st.

Insider Activity

In related news, SVP Hui (Helen) Xu sold 2,500 shares of the firm's stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $42.00, for a total transaction of $105,000.00. Following the sale, the senior vice president now directly owns 18,947 shares of the company's stock, valued at $795,774. This trade represents a 11.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Phillip Eyler sold 4,402 shares of the firm's stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $50.20, for a total value of $220,980.40. Following the sale, the chief executive officer now directly owns 147,317 shares in the company, valued at approximately $7,395,313.40. This trade represents a 2.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.91% of the company's stock.

Gentherm Stock Performance

Shares of NASDAQ THRM traded up $0.73 during midday trading on Tuesday, reaching $43.52. The company had a trading volume of 221,503 shares, compared to its average volume of 187,631. Gentherm Incorporated has a 1 year low of $39.86 and a 1 year high of $62.93. The business's 50-day simple moving average is $42.41 and its 200 day simple moving average is $47.43. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34. The stock has a market cap of $1.35 billion, a P/E ratio of 20.34 and a beta of 1.42.

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