Barclays PLC Raises Position in Gentherm Incorporated (NASDAQ:THRM)

Barclays PLC increased its position in shares of Gentherm Incorporated (NASDAQ:THRM) by 234.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,466 shares of the auto parts company’s stock after purchasing an additional 43,108 shares during the period. Barclays PLC owned approximately 0.20% of Gentherm worth $2,861,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Van Berkom & Associates Inc. raised its stake in shares of Gentherm by 1.5% during the 2nd quarter. Van Berkom & Associates Inc. now owns 1,364,291 shares of the auto parts company’s stock worth $67,287,000 after buying an additional 20,371 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its holdings in Gentherm by 0.7% during the second quarter. Disciplined Growth Investors Inc. MN now owns 1,146,620 shares of the auto parts company’s stock worth $56,551,000 after acquiring an additional 8,049 shares during the period. Dimensional Fund Advisors LP raised its position in Gentherm by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,146,375 shares of the auto parts company’s stock worth $56,539,000 after acquiring an additional 37,365 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Gentherm by 1.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 951,798 shares of the auto parts company’s stock valued at $46,943,000 after acquiring an additional 10,402 shares during the period. Finally, Global Alpha Capital Management Ltd. lifted its holdings 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 period. Institutional investors and hedge funds own 97.13% of the company’s stock.

Insider Activity at Gentherm

In related news, SVP Thomas Stocker sold 1,295 shares of the company’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 transaction, the senior vice president now owns 13,413 shares of the company’s stock, valued at approximately $576,490.74. This represents a 8.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Hui (Helen) Xu sold 2,500 shares of Gentherm stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $42.00, for a total transaction of $105,000.00. Following the completion of the sale, the senior vice president now directly owns 18,947 shares of the company’s stock, valued at $795,774. The trade was a 11.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.91% of the company’s stock.

Gentherm Price Performance

Shares of NASDAQ THRM opened at $39.00 on Wednesday. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average price is $42.00 and its 200 day moving average price is $46.62. Gentherm Incorporated has a 52 week low of $37.94 and a 52 week high of $62.93. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 18.22 and a beta of 1.42.

Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.75 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $372.89 million. During the same period in the prior year, the business earned $0.64 earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis. As a group, research analysts forecast that Gentherm Incorporated will post 2.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

THRM has been the subject of a number of research analyst reports. Craig Hallum cut 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. JPMorgan Chase & Co. raised shares of 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. Finally, Robert W. Baird decreased their price target on Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st.

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.