Short Interest in Gentherm Incorporated (NASDAQ:THRM) Decreases By 18.7%

Gentherm Incorporated (NASDAQ:THRM - Get Free Report) was the recipient of a large decrease in short interest in October. As of October 31st, there was short interest totalling 808,400 shares, a decrease of 18.7% from the October 15th total of 994,000 shares. Based on an average daily volume of 216,400 shares, the short-interest ratio is currently 3.7 days. Approximately 2.7% of the shares of the company are sold short.

Insider Transactions at Gentherm

In other Gentherm news, CEO Phillip Eyler sold 4,402 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $50.20, for a total value of $220,980.40. Following the completion of the sale, the chief executive officer now owns 147,317 shares in the company, valued at approximately $7,395,313.40. This represents a 2.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.91% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Gentherm

Institutional investors have recently modified their holdings of the stock. Quarry LP increased its position 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 during the period. Headlands Technologies LLC increased its holdings in Gentherm by 86.1% during the first quarter. Headlands Technologies LLC now owns 523 shares of the auto parts company's stock valued at $30,000 after buying an additional 242 shares during the period. Gladius Capital Management LP purchased a new position in Gentherm during the third quarter valued at approximately $44,000. Palouse Capital Management Inc. purchased a new position in Gentherm during the second quarter valued at approximately $92,000. Finally, MeadowBrook Investment Advisors LLC increased its holdings in Gentherm by 8.4% during the third 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 during the period. 97.13% of the stock is owned by hedge funds and other institutional investors.

Gentherm Trading Down 2.2 %

NASDAQ THRM traded down $0.95 during trading on Friday, hitting $42.33. The stock had a trading volume of 148,487 shares, compared to its average volume of 186,924. 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 stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 19.78 and a beta of 1.44. Gentherm has a one year low of $39.86 and a one year high of $62.93. The stock has a 50 day simple moving average of $44.25 and a 200 day simple moving average of $48.50.

Gentherm (NASDAQ:THRM - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.09. The business had revenue of $371.50 million during 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 firm's quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.64 earnings per share. Sell-side analysts predict that Gentherm will post 2.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. StockNews.com raised shares of Gentherm from a "hold" rating to a "buy" rating in a report on Friday, August 9th. Robert W. Baird lowered their price target on shares of Gentherm from $54.00 to $50.00 and set a "neutral" rating for the company in a report on Thursday, October 31st. JPMorgan Chase & Co. raised shares of Gentherm from an "underweight" rating to a "neutral" rating and set a $56.00 price target for the company in a report on Monday, October 21st. Finally, Craig Hallum lowered their price target 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. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus 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.

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