Harbor Capital Advisors Inc. Trims Stock Holdings in Gentherm Incorporated (NASDAQ:THRM)

Harbor Capital Advisors Inc. lessened its position in Gentherm Incorporated (NASDAQ:THRM - Free Report) by 70.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,434 shares of the auto parts company's stock after selling 41,399 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.06% of Gentherm worth $696,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Nuance Investments LLC purchased a new position in Gentherm in the third quarter valued at approximately $16,754,000. Cerity Partners LLC grew its position 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 buying an additional 169,443 shares during the last quarter. American Century Companies Inc. raised its stake in Gentherm by 119.4% during the 2nd quarter. American Century Companies Inc. now owns 259,185 shares of the auto parts company's stock worth $12,783,000 after acquiring an additional 141,047 shares in the last quarter. Global Alpha Capital Management Ltd. lifted its position in Gentherm by 22.6% in the third quarter. Global Alpha Capital Management Ltd. now owns 632,673 shares of the auto parts company's stock valued at $29,451,000 after acquiring an additional 116,500 shares during the last quarter. Finally, FMR LLC boosted its stake in Gentherm by 26.8% in the third quarter. FMR LLC now owns 507,598 shares of the auto parts company's stock valued at $23,629,000 after acquiring an additional 107,322 shares in the last quarter. Institutional investors and hedge funds own 97.13% of the company's stock.

Insider Activity at Gentherm

In other Gentherm 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 value 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. The trade was a 8.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Hui (Helen) Xu sold 2,500 shares of the 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 transaction, the senior vice president now owns 18,947 shares in the company, valued at approximately $795,774. The trade was a 11.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.91% of the stock is currently owned by corporate insiders.

Gentherm Price Performance

Shares of NASDAQ THRM traded up $0.56 during midday trading on Tuesday, hitting $39.12. The company had a trading volume of 86,734 shares, compared to its average volume of 178,421. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 18.28 and a beta of 1.42. Gentherm Incorporated has a twelve month low of $37.94 and a twelve month high of $62.93. The business has a 50-day simple moving average of $41.34 and a two-hundred day simple moving average of $45.38. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.34.

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, beating analysts' consensus estimates of $0.66 by $0.09. Gentherm had a return on equity of 14.36% and a net margin of 4.61%. The firm had revenue of $371.50 million for the quarter, compared to analysts' expectations of $372.89 million. During the same quarter in the prior year, the firm earned $0.64 EPS. Gentherm's quarterly revenue was up 1.4% on a year-over-year basis. Equities research analysts anticipate that Gentherm Incorporated will post 2.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on THRM shares. JPMorgan Chase & Co. raised Gentherm from an "underweight" rating to a "neutral" rating and set a $56.00 target price for the company in a report on Monday, October 21st. Robert W. Baird reduced their price objective on Gentherm from $54.00 to $50.00 and set a "neutral" rating for the company in a research note on Thursday, October 31st. StockNews.com lowered shares of Gentherm from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, January 7th. Finally, Craig Hallum reduced their price target on shares of Gentherm from $85.00 to $65.00 and set a "buy" rating for the company in a research report on Thursday, October 31st.

Gentherm 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.