Gentherm Incorporated (NASDAQ:THRM) Shares Bought by Palouse Capital Management Inc.

Palouse Capital Management Inc. boosted its position in shares of Gentherm Incorporated (NASDAQ:THRM) by 91.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 3,585 shares of the auto parts company’s stock after acquiring an additional 1,714 shares during the quarter. Palouse Capital Management Inc.’s holdings in Gentherm were worth $143,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its position in Gentherm by 0.3% during the 4th quarter. Rhumbline Advisers now owns 90,758 shares of the auto parts company’s stock worth $3,623,000 after acquiring an additional 277 shares during the period. MeadowBrook Investment Advisors LLC lifted its position in Gentherm by 37.8% during the 4th quarter. MeadowBrook Investment Advisors LLC now owns 4,630 shares of the auto parts company’s stock worth $185,000 after acquiring an additional 1,270 shares during the period. KBC Group NV lifted its position in Gentherm by 82.2% during the 4th quarter. KBC Group NV now owns 1,822 shares of the auto parts company’s stock worth $73,000 after acquiring an additional 822 shares during the period. Linden Thomas Advisory Services LLC lifted its position in Gentherm by 8.9% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 14,746 shares of the auto parts company’s stock worth $589,000 after acquiring an additional 1,209 shares during the period. Finally, Inspire Investing LLC lifted its position in Gentherm by 14.5% during the 4th quarter. Inspire Investing LLC now owns 10,091 shares of the auto parts company’s stock worth $403,000 after acquiring an additional 1,276 shares during the period. Institutional investors and hedge funds own 97.13% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on THRM shares. JPMorgan Chase & Co. decreased their price objective on Gentherm from $56.00 to $51.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Craig Hallum decreased their price objective on Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, October 31st. StockNews.com cut Gentherm from a “strong-buy” rating to a “buy” rating in a report on Monday, February 10th. Finally, Robert W. Baird decreased their price objective on Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, October 31st.

Insider Buying and Selling

In related news, SVP Hui (Helen) Xu sold 2,500 shares of the company’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 completion of the transaction, the senior vice president now owns 18,947 shares of the company’s stock, valued at approximately $795,774. This represents a 11.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Thomas Stocker sold 1,295 shares of the company’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 completion of 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 disclosure for this sale can be found here. 1.91% of the stock is currently owned by insiders.

Gentherm Stock Performance

NASDAQ THRM opened at $35.44 on Friday. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 16.56 and a beta of 1.42. Gentherm Incorporated has a twelve month low of $35.09 and a twelve 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 stock has a 50-day moving average of $39.17 and a 200 day moving average of $43.40.

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.