Gentherm Incorporated (NASDAQ:THRM) Short Interest Down 18.7% in October

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

Analyst Ratings Changes

A number of brokerages recently commented on THRM. Robert W. Baird lowered their price objective on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. 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 research report on Monday, October 21st. StockNews.com raised Gentherm from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Finally, Craig Hallum dropped their price target on Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $57.00.

Insider Buying and Selling

In other Gentherm news, CEO Phillip Eyler sold 4,402 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $50.20, for a total transaction 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. The trade was a 2.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.91% of the stock is owned by insiders.

Institutional Trading of Gentherm

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC grew its holdings in Gentherm by 86.1% in the first quarter. Headlands Technologies LLC now owns 523 shares of the auto parts company’s stock valued at $30,000 after purchasing an additional 242 shares during the period. Quarry LP grew its stake in shares of Gentherm by 952.9% during the 3rd quarter. Quarry LP now owns 537 shares of the auto parts company’s stock valued at $25,000 after buying an additional 486 shares during the period. Gladius Capital Management LP purchased a new stake in shares of Gentherm during the 3rd quarter valued at $44,000. Palouse Capital Management Inc. acquired a new stake in shares of Gentherm during the 2nd quarter worth $92,000. Finally, MeadowBrook Investment Advisors LLC raised its position in shares of Gentherm by 8.4% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock worth $156,000 after buying an additional 260 shares during the period. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Gentherm Trading Down 2.2 %

Shares of NASDAQ:THRM traded down $0.95 during trading on Friday, reaching $42.33. The stock had a trading volume of 148,498 shares, compared to its average volume of 186,924. Gentherm has a fifty-two week low of $39.86 and a fifty-two week high of $62.93. The business has a fifty day moving average price of $44.25 and a 200-day moving average price of $48.50. The stock has a market cap of $1.31 billion, a P/E ratio of 19.78 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 (NASDAQ:THRM) last issued its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The company had revenue of $371.50 million for 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 business’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 company posted $0.64 EPS. As a group, analysts anticipate that Gentherm 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.