SG Americas Securities LLC Sells 4,292 Shares of Gentherm Incorporated (NASDAQ:THRM)

SG Americas Securities LLC lowered its stake in shares of Gentherm Incorporated (NASDAQ:THRM) by 23.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 14,068 shares of the auto parts company’s stock after selling 4,292 shares during the quarter. SG Americas Securities LLC’s holdings in Gentherm were worth $562,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quarry LP boosted 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 valued at $25,000 after buying an additional 486 shares during the period. Gladius Capital Management LP bought a new stake in shares of Gentherm during the 3rd quarter worth approximately $44,000. MeadowBrook Investment Advisors LLC boosted its holdings in Gentherm by 8.4% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock valued at $156,000 after acquiring an additional 260 shares during the period. XTX Topco Ltd bought a new position in Gentherm in the 3rd quarter valued at $207,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new stake in Gentherm in the third quarter worth $208,000. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Gentherm Stock Down 3.5 %

NASDAQ:THRM opened at $38.15 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.02 and a quick ratio of 1.38. Gentherm Incorporated has a 1-year low of $37.90 and a 1-year high of $62.93. The company has a 50-day moving average of $40.33 and a 200 day moving average of $44.48. The firm has a market cap of $1.18 billion, a PE ratio of 17.83 and a beta of 1.42.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.09. The firm had revenue of $371.50 million during the quarter, compared to analysts’ expectations of $372.89 million. Gentherm had a net margin of 4.61% and a return on equity of 14.36%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.64 EPS. As a group, research analysts anticipate that Gentherm Incorporated will post 2.71 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Hui (Helen) Xu sold 2,500 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $42.00, for a total value of $105,000.00. Following the sale, the senior vice president now directly owns 18,947 shares in the company, valued at approximately $795,774. This trade represents a 11.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Thomas Stocker sold 1,295 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was 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 trade represents a 8.80 % decrease in their position. The disclosure for this sale can be found here. 1.91% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Robert W. Baird lowered their target price 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 lowered their price objective on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. StockNews.com raised shares of Gentherm from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, JPMorgan Chase & Co. lowered their price target on Gentherm from $56.00 to $51.00 and set a “neutral” rating for the company in a report on Monday, January 27th.

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.