Gentherm Incorporated (NASDAQ:THRM) Short Interest Up 44.6% in February

Gentherm Incorporated (NASDAQ:THRM) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 1,170,000 shares, an increase of 44.6% from the January 31st total of 809,200 shares. Approximately 3.9% of the company’s stock are sold short. Based on an average daily volume of 234,200 shares, the short-interest ratio is currently 5.0 days.

Insider Buying and Selling

In other Gentherm news, SVP Hui (Helen) Xu sold 2,500 shares of the company’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 sale, the senior vice president now owns 18,947 shares in the company, valued at approximately $795,774. This represents a 11.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 transaction 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. This represents a 8.80 % decrease in their position. The disclosure for this sale can be found here. 1.91% of the stock is owned by insiders.

Institutional Investors Weigh In On Gentherm

A number of large investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in shares of Gentherm in the 4th quarter worth $15,400,000. Nuance Investments LLC bought a new position in shares of Gentherm in the 3rd quarter worth approximately $16,754,000. HITE Hedge Asset Management LLC purchased a new position in shares of Gentherm in the fourth quarter worth approximately $9,832,000. Cerity Partners LLC grew its position in Gentherm by 880.7% during the third quarter. Cerity Partners LLC now owns 188,683 shares of the auto parts company’s stock valued at $8,783,000 after buying an additional 169,443 shares during the period. Finally, Segall Bryant & Hamill LLC increased its holdings in Gentherm by 42.9% during the fourth quarter. Segall Bryant & Hamill LLC now owns 525,026 shares of the auto parts company’s stock valued at $20,962,000 after buying an additional 157,544 shares during the last quarter. Institutional investors own 97.13% of the company’s stock.

Wall Street Analysts Forecast Growth

THRM has been the subject of several recent analyst reports. StockNews.com lowered Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. decreased their target price on shares of Gentherm from $56.00 to $51.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Finally, Robert W. Baird dropped their target price on shares of Gentherm from $44.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th.

Gentherm Stock Performance

Shares of NASDAQ:THRM traded down $1.38 during midday trading on Monday, reaching $31.70. 239,368 shares of the company’s stock traded hands, compared to its average volume of 236,387. Gentherm has a one year low of $30.25 and a one year high of $57.96. The stock has a 50 day moving average of $37.74 and a 200 day moving average of $42.15. The company has a market cap of $976.01 million, a price-to-earnings ratio of 15.31 and a beta of 1.42. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.38 and a current ratio of 2.01.

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

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.