Olympiad Research LP Buys Shares of 5,028 Gentherm Incorporated (NASDAQ:THRM)

Olympiad Research LP bought a new stake in Gentherm Incorporated (NASDAQ:THRM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,028 shares of the auto parts company’s stock, valued at approximately $201,000.

A number of other institutional investors also recently bought and sold shares of the company. MeadowBrook Investment Advisors LLC lifted its holdings in Gentherm by 8.4% in the third 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 during the period. Rhumbline Advisers lifted its holdings in Gentherm by 0.3% in the fourth quarter. Rhumbline Advisers now owns 90,758 shares of the auto parts company’s stock valued at $3,623,000 after acquiring an additional 277 shares during the period. Captrust Financial Advisors lifted its holdings in Gentherm by 3.9% in the third quarter. Captrust Financial Advisors now owns 8,296 shares of the auto parts company’s stock valued at $386,000 after acquiring an additional 314 shares during the period. Quarry LP lifted its holdings in Gentherm by 952.9% in the third quarter. Quarry LP now owns 537 shares of the auto parts company’s stock valued at $25,000 after acquiring an additional 486 shares during the period. Finally, KBC Group NV lifted its holdings in Gentherm by 82.2% in the fourth quarter. KBC Group NV now owns 1,822 shares of the auto parts company’s stock valued at $73,000 after acquiring an additional 822 shares during the period. Institutional investors own 97.13% of the company’s stock.

Wall Street Analyst Weigh In

THRM has been the topic of several recent research reports. StockNews.com raised Gentherm from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 18th. Craig Hallum decreased their price objective on Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. JPMorgan Chase & Co. decreased their price objective on Gentherm from $56.00 to $51.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Finally, Robert W. Baird decreased their price objective on Gentherm from $44.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday.

Insider Buying and Selling

In other Gentherm news, SVP Thomas Stocker sold 1,295 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 13,413 shares in the company, valued at $576,490.74. This trade represents a 8.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Hui (Helen) Xu sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $42.00, for a total value of $105,000.00. Following the transaction, the senior vice president now owns 18,947 shares of the company’s stock, valued at $795,774. This represents a 11.66 % decrease in their position. The disclosure for this sale can be found here. 1.91% of the stock is currently owned by company insiders.

Gentherm Stock Performance

NASDAQ:THRM opened at $33.08 on Monday. The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.36. Gentherm Incorporated has a 12-month low of $30.25 and a 12-month high of $59.84. The stock has a 50-day moving average price of $38.31 and a 200 day moving average price of $42.73. The stock has a market capitalization of $1.02 billion, a P/E ratio of 15.98 and a beta of 1.42.

Gentherm (NASDAQ:THRM) last released its earnings results on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.39). Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The business had revenue of $352.91 million for the quarter, compared to analysts’ expectations of $360.29 million. During the same quarter in the prior year, the business posted $0.90 EPS. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. Equities research analysts forecast that Gentherm Incorporated will post 3.1 EPS for the current fiscal year.

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.