Barclays PLC Boosts Holdings in Gentherm Incorporated (NASDAQ:THRM)

Barclays PLC lifted its stake in shares of Gentherm Incorporated (NASDAQ:THRM) by 234.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 61,466 shares of the auto parts company’s stock after acquiring an additional 43,108 shares during the period. Barclays PLC’s holdings in Gentherm were worth $2,861,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of THRM. Orion Portfolio Solutions LLC increased its position in Gentherm by 32.1% during the third quarter. Orion Portfolio Solutions LLC now owns 16,626 shares of the auto parts company’s stock worth $774,000 after purchasing an additional 4,041 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Gentherm during the 3rd quarter valued at $207,000. Quadrature Capital Ltd acquired a new stake in shares of Gentherm during the 3rd quarter worth $266,000. Quarry LP raised its position in shares of Gentherm by 952.9% in the 3rd quarter. Quarry LP now owns 537 shares of the auto parts company’s stock worth $25,000 after buying an additional 486 shares during the period. Finally, Readystate Asset Management LP acquired a new position in Gentherm in the third quarter valued at $506,000. 97.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Craig Hallum dropped their price target 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 shares of Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 target price for the company in a research report on Monday, October 21st. Finally, Robert W. Baird reduced their price target on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st.

Gentherm Trading Up 1.8 %

Shares of THRM opened at $39.00 on Wednesday. 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 is $42.00 and its two-hundred day moving average is $46.62. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.02 and a quick ratio of 1.38. The stock has a market cap of $1.21 billion, a PE ratio of 18.22 and a beta of 1.42.

Gentherm (NASDAQ:THRM) last released its quarterly 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. Gentherm had a return on equity of 14.36% and a net margin of 4.61%. The firm had revenue of $371.50 million for the quarter, compared to analyst estimates of $372.89 million. During the same period in the previous year, the company posted $0.64 EPS. Gentherm’s revenue for the quarter was up 1.4% on a year-over-year basis. Equities analysts forecast that Gentherm Incorporated will post 2.71 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Hui (Helen) Xu sold 2,500 shares of the business’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 transaction, the senior vice president now owns 18,947 shares in the company, valued at approximately $795,774. The trade was a 11.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Thomas Stocker sold 1,295 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $42.98, for a total value of $55,659.10. Following the sale, the senior vice president now owns 13,413 shares of the company’s stock, valued at approximately $576,490.74. This trade represents a 8.80 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.91% of the company’s stock.

Gentherm Company 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.