Geode Capital Management LLC Buys 1,668 Shares of Gentherm Incorporated (NASDAQ:THRM)

Geode Capital Management LLC grew its stake in shares of Gentherm Incorporated (NASDAQ:THRM) by 0.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 737,603 shares of the auto parts company’s stock after buying an additional 1,668 shares during the quarter. Geode Capital Management LLC owned approximately 2.38% of Gentherm worth $34,342,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Hsbc Holdings PLC grew its position in Gentherm by 3.5% during the 2nd quarter. Hsbc Holdings PLC now owns 6,834 shares of the auto parts company’s stock worth $337,000 after acquiring an additional 229 shares during the last quarter. MeadowBrook Investment Advisors LLC grew its holdings in shares of Gentherm by 8.4% during the third quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock worth $156,000 after purchasing an additional 260 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of Gentherm by 3.9% in the third quarter. Captrust Financial Advisors now owns 8,296 shares of the auto parts company’s stock valued at $386,000 after buying an additional 314 shares during the period. Quarry LP raised its holdings in Gentherm by 952.9% in 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 last quarter. Finally, Guinness Atkinson Asset Management Inc boosted its position in Gentherm by 3.2% during the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 17,929 shares of the auto parts company’s stock worth $835,000 after buying an additional 553 shares during the period. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Thomas Stocker sold 1,295 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were 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 of the company’s stock, valued at $576,490.74. This trade represents a 8.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Hui (Helen) Xu sold 2,500 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were 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 $795,774. The trade was a 11.66 % decrease in their position. The disclosure for this sale can be found here. 1.91% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on THRM shares. Robert W. Baird dropped their price target on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Craig Hallum cut their target price 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. raised Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price target for the company in a research note on Monday, October 21st.

Gentherm Trading Up 1.8 %

NASDAQ:THRM opened at $39.00 on Thursday. Gentherm Incorporated has a 52 week low of $37.94 and a 52 week high of $62.93. 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 firm’s fifty day moving average is $41.94 and its 200-day moving average is $46.52. The firm has a market cap of $1.21 billion, a P/E ratio of 18.22 and a beta of 1.42.

Gentherm (NASDAQ:THRM) last issued its quarterly 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 net margin of 4.61% and a return on equity of 14.36%. The business 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 posted $0.64 earnings per share. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. Equities analysts expect that Gentherm Incorporated will post 2.71 earnings per share for the current 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.