Franklin Resources Inc. Reduces Stock Holdings in Gentherm Incorporated (NASDAQ:THRM)

Franklin Resources Inc. decreased its position in Gentherm Incorporated (NASDAQ:THRM - Free Report) by 62.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,100 shares of the auto parts company's stock after selling 13,453 shares during the period. Franklin Resources Inc.'s holdings in Gentherm were worth $347,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of THRM. Disciplined Growth Investors Inc. MN raised its stake in shares of Gentherm by 2.0% in the third quarter. Disciplined Growth Investors Inc. MN now owns 1,169,671 shares of the auto parts company's stock worth $54,448,000 after purchasing an additional 23,051 shares during the last quarter. Barclays PLC grew its stake in shares of Gentherm by 234.8% during the 3rd quarter. Barclays PLC now owns 61,466 shares of the auto parts company's stock valued at $2,861,000 after purchasing an additional 43,108 shares during the period. Orion Portfolio Solutions LLC increased its position in shares of Gentherm by 32.1% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 16,626 shares of the auto parts company's stock valued at $774,000 after purchasing an additional 4,041 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Gentherm in the 3rd quarter worth approximately $207,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Gentherm in the third quarter worth approximately $266,000. 97.13% of the stock is owned by hedge funds and other institutional investors.

Gentherm Price Performance

Shares of NASDAQ THRM traded up $0.36 during mid-day trading on Wednesday, reaching $39.92. The company's stock had a trading volume of 171,504 shares, compared to its average volume of 192,055. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.02 and a quick ratio of 1.38. Gentherm Incorporated has a 52 week low of $37.94 and a 52 week high of $62.93. The stock has a fifty day moving average of $41.78 and a two-hundred day moving average of $46.04. The firm has a market capitalization of $1.24 billion, a PE ratio of 18.65 and a beta of 1.42.

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

Insider Buying and Selling at Gentherm

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. StockNews.com raised Gentherm from a "buy" rating to a "strong-buy" rating in a report on Monday. Robert W. Baird lowered their price objective on Gentherm from $54.00 to $50.00 and set a "neutral" rating on the stock 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. Finally, JPMorgan Chase & Co. upgraded shares of Gentherm from an "underweight" rating to a "neutral" rating and set a $56.00 price target for the company in a research report on Monday, October 21st.

About Gentherm

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.