951 Shares in Gentherm Incorporated (NASDAQ:THRM) Acquired by Gladius Capital Management LP

Gladius Capital Management LP purchased a new stake in shares of Gentherm Incorporated (NASDAQ:THRM) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 951 shares of the auto parts company’s stock, valued at approximately $44,000.

A number of other hedge funds have also bought and sold shares of the stock. Headlands Technologies LLC boosted its holdings in Gentherm by 86.1% in the 1st quarter. Headlands Technologies LLC now owns 523 shares of the auto parts company’s stock worth $30,000 after buying an additional 242 shares during the last quarter. Palouse Capital Management Inc. purchased a new stake in shares of Gentherm in the second quarter valued at about $92,000. MeadowBrook Investment Advisors LLC increased its position in 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. Hennion & Walsh Asset Management Inc. purchased a new position in Gentherm during the third quarter worth about $208,000. Finally, MQS Management LLC acquired a new position in Gentherm in the 3rd quarter valued at about $240,000. Institutional investors and hedge funds own 97.13% of the company’s stock.

Gentherm Price Performance

THRM stock opened at $42.33 on Friday. The business’s fifty day moving average price is $44.17 and its 200 day moving average price is $48.44. Gentherm Incorporated has a 12-month low of $39.86 and a 12-month high of $62.93. 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 has a market capitalization of $1.31 billion, a PE ratio of 19.78 and a beta of 1.44.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.09. The business had revenue of $371.50 million for 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 business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 earnings per share. On average, sell-side analysts anticipate that Gentherm Incorporated will post 2.71 EPS for the current year.

Analyst Ratings Changes

THRM has been the topic of several analyst reports. Craig Hallum reduced their price target on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. 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. JPMorgan Chase & Co. raised 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. Finally, StockNews.com upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Gentherm has a consensus rating of “Hold” and a consensus price target of $57.00.

Insiders Place Their Bets

In related 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 completion of the transaction, the chief executive officer now directly owns 147,317 shares of the company’s stock, valued at $7,395,313.40. The trade was a 2.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.91% of the company’s stock.

Gentherm 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.