Gentherm Incorporated (NASDAQ:THRM) Short Interest Update

Gentherm Incorporated (NASDAQ:THRM) saw a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 1,170,000 shares, a growth of 44.6% from the January 31st total of 809,200 shares. Approximately 3.9% of the company’s shares are short sold. Based on an average daily trading volume, of 234,200 shares, the days-to-cover ratio is presently 5.0 days.

Analysts Set New Price Targets

Several research analysts recently commented on THRM shares. JPMorgan Chase & Co. reduced their price target on Gentherm from $56.00 to $51.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. StockNews.com cut Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 26th. Finally, Robert W. Baird decreased their target price on shares of Gentherm from $44.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th.

Gentherm Trading Down 4.2 %

Shares of NASDAQ:THRM opened at $31.70 on Tuesday. Gentherm has a 52-week low of $30.25 and a 52-week high of $57.96. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.38 and a current ratio of 2.01. The company has a market capitalization of $976.01 million, a P/E ratio of 15.31 and a beta of 1.42. The company has a 50-day simple moving average of $37.61 and a 200 day simple moving average of $42.01.

Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.39). The business had revenue of $352.91 million during the quarter, compared to analyst estimates of $360.29 million. Gentherm had a net margin of 4.46% and a return on equity of 11.43%. The business’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.90 earnings per share. Sell-side analysts forecast that Gentherm will post 3.1 earnings per share for the current year.

Insider Transactions at Gentherm

In related news, SVP Thomas Stocker sold 1,295 shares of the firm’s stock in a transaction 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 sale, 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Hui (Helen) Xu sold 2,500 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was 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 represents a 11.66 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.91% of the company’s stock.

Hedge Funds Weigh In On Gentherm

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in THRM. Barclays PLC lifted its stake in shares of Gentherm by 234.8% during the 3rd quarter. Barclays PLC now owns 61,466 shares of the auto parts company’s stock worth $2,861,000 after buying an additional 43,108 shares during the last quarter. Global Alpha Capital Management Ltd. raised its holdings in Gentherm by 22.6% in the 3rd 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. JPMorgan Chase & Co. raised its holdings in Gentherm by 46.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 67,831 shares of the auto parts company’s stock valued at $3,158,000 after acquiring an additional 21,376 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Gentherm by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 460,829 shares of the auto parts company’s stock worth $21,452,000 after acquiring an additional 5,754 shares during the last quarter. Finally, Cerity Partners LLC boosted its holdings in shares of Gentherm by 880.7% during the third quarter. Cerity Partners LLC now owns 188,683 shares of the auto parts company’s stock worth $8,783,000 after acquiring an additional 169,443 shares during the period. 97.13% of the stock is owned by institutional investors.

About Gentherm

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.