Linden Thomas Advisory Services LLC Acquires 1,209 Shares of Gentherm Incorporated (NASDAQ:THRM)

Linden Thomas Advisory Services LLC grew its holdings in Gentherm Incorporated (NASDAQ:THRM) by 8.9% during the 4th quarter, HoldingsChannel reports. The firm owned 14,746 shares of the auto parts company’s stock after purchasing an additional 1,209 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Gentherm were worth $589,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quarry LP boosted its holdings in shares of Gentherm by 952.9% during the 3rd quarter. Quarry LP now owns 537 shares of the auto parts company’s stock valued at $25,000 after acquiring an additional 486 shares in the last quarter. Gladius Capital Management LP acquired a new stake in shares of Gentherm during the 3rd quarter valued at $44,000. 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 valued at $156,000 after acquiring an additional 260 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Gentherm during the 3rd quarter valued at $207,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Gentherm during the 3rd quarter valued at $208,000. Institutional investors own 97.13% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on THRM. 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 downgraded Gentherm from a “strong-buy” rating to a “buy” rating in a report on Friday. Craig Hallum cut their price objective on Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Finally, Robert W. Baird cut their target price on Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st.

Gentherm Stock Down 0.0 %

Shares of THRM opened at $39.67 on Monday. The company has a market capitalization of $1.23 billion, a PE ratio of 18.54 and a beta of 1.42. Gentherm Incorporated has a 12 month low of $37.94 and a 12 month high of $62.93. The stock’s 50-day moving average price is $40.60 and its two-hundred day moving average price is $44.79. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34.

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

Insider Activity

In other news, SVP Thomas Stocker sold 1,295 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $42.98, for a total value of $55,659.10. Following the transaction, the senior vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Hui (Helen) Xu sold 2,500 shares of the business’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 completion of 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 owned by company insiders.

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.