Gentherm Incorporated (NASDAQ:THRM) Short Interest Up 23.2% in December

Gentherm Incorporated (NASDAQ:THRM) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 900,700 shares, an increase of 23.2% from the December 15th total of 731,200 shares. Currently, 3.0% of the shares of the company are short sold. Based on an average daily volume of 237,300 shares, the short-interest ratio is presently 3.8 days.

Insider Buying and Selling

In other Gentherm news, SVP Thomas Stocker sold 1,295 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $42.98, for a total value 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. The trade was a 8.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Hui (Helen) Xu sold 2,500 shares of the firm’s 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 transaction, the senior vice president now directly owns 18,947 shares in the company, valued at $795,774. This represents a 11.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.91% of the stock is currently owned by insiders.

Institutional Trading of Gentherm

A number of large investors have recently bought and sold shares of THRM. Quarry LP lifted its stake in shares of 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 purchasing an additional 486 shares during the period. Gladius Capital Management LP bought a new stake in Gentherm in the third quarter worth approximately $44,000. Palouse Capital Management Inc. acquired a new position in Gentherm in the second quarter valued at approximately $92,000. MeadowBrook Investment Advisors LLC boosted its holdings in shares of Gentherm by 8.4% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock worth $156,000 after buying an additional 260 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Gentherm during the 3rd quarter worth approximately $207,000. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Gentherm Price Performance

Gentherm stock opened at $39.53 on Friday. The stock’s 50 day moving average is $41.02 and its 200 day moving average is $45.22. Gentherm has a one year low of $37.94 and a one year high of $62.93. The firm has a market cap of $1.22 billion, a P/E ratio of 18.47 and a beta of 1.42. 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 (NASDAQ:THRM) last posted its quarterly earnings data 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 company 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 firm posted $0.64 EPS. The company’s quarterly revenue was up 1.4% on a year-over-year basis. As a group, research analysts expect that Gentherm will post 2.71 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on THRM. Craig Hallum lowered their target price on Gentherm from $85.00 to $65.00 and set a “buy” rating for the company 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 on the stock in a report on Monday, October 21st. StockNews.com raised shares of Gentherm from a “buy” rating to a “strong-buy” rating in a report on Thursday. Finally, 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.

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.