Harbor Capital Advisors Inc. Sells 35,414 Shares of Gentherm Incorporated (NASDAQ:THRM)

Harbor Capital Advisors Inc. lowered its position in shares of Gentherm Incorporated (NASDAQ:THRM - Free Report) by 37.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 58,833 shares of the auto parts company's stock after selling 35,414 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.19% of Gentherm worth $2,739,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Susquehanna Fundamental Investments LLC bought a new stake in Gentherm in the first quarter worth $1,089,000. SG Americas Securities LLC boosted its stake in Gentherm by 1,317.7% in the 2nd quarter. SG Americas Securities LLC now owns 25,590 shares of the auto parts company's stock worth $1,262,000 after purchasing an additional 23,785 shares in the last quarter. Global Alpha Capital Management Ltd. grew its position in Gentherm by 13.1% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 362,073 shares of the auto parts company's stock valued at $20,848,000 after purchasing an additional 41,900 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Gentherm by 1.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 951,798 shares of the auto parts company's stock valued at $46,943,000 after purchasing an additional 10,402 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in Gentherm by 18.9% in the third quarter. Raymond James & Associates now owns 128,468 shares of the auto parts company's stock worth $5,980,000 after buying an additional 20,401 shares during the last quarter. Institutional investors own 97.13% of the company's stock.

Gentherm Stock Performance

THRM traded up $0.46 during mid-day trading on Tuesday, reaching $44.38. 328,424 shares of the company traded hands, compared to its average volume of 185,912. The company's fifty day moving average price is $44.99 and its 200-day moving average price is $48.78. The stock has a market capitalization of $1.37 billion, a P/E ratio of 20.74 and a beta of 1.44. 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 Incorporated has a 52-week low of $39.86 and a 52-week high of $62.93.

Gentherm (NASDAQ:THRM - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $371.50 million during the quarter, compared to analysts' expectations of $372.89 million. Gentherm had a return on equity of 14.36% and a net margin of 4.61%. Gentherm's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 earnings per share. On average, sell-side analysts expect that Gentherm Incorporated will post 2.71 EPS for the current year.

Insider Buying and Selling

In other Gentherm news, CEO Phillip Eyler sold 4,402 shares of the company's stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $50.20, for a total transaction of $220,980.40. Following the completion of the sale, the chief executive officer now directly owns 147,317 shares of the company's stock, valued at approximately $7,395,313.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.91% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on THRM. StockNews.com raised shares of Gentherm from a "hold" rating to a "buy" rating in a research report on Friday, August 9th. Robert W. Baird reduced their target price on Gentherm from $54.00 to $50.00 and set a "neutral" rating for the company in a report on Thursday, October 31st. Craig Hallum lowered their price target on Gentherm from $85.00 to $65.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. upgraded Gentherm from an "underweight" rating to a "neutral" rating and set a $56.00 price objective for the company in a report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $57.00.

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.