PDT Partners LLC Reduces Stock Position in Gentherm Incorporated (NASDAQ:THRM)

PDT Partners LLC lowered its holdings in shares of Gentherm Incorporated (NASDAQ:THRM) by 40.8% in the third quarter, Holdings Channel.com reports. The fund owned 9,868 shares of the auto parts company’s stock after selling 6,793 shares during the quarter. PDT Partners LLC’s holdings in Gentherm were worth $459,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. SG Americas Securities LLC grew its position in shares of Gentherm by 1,317.7% during the 2nd quarter. SG Americas Securities LLC now owns 25,590 shares of the auto parts company’s stock worth $1,262,000 after buying an additional 23,785 shares in the last quarter. Global Alpha Capital Management Ltd. grew its position in shares of Gentherm by 22.6% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 632,673 shares of the auto parts company’s stock worth $29,451,000 after buying an additional 116,500 shares in the last quarter. Raymond James & Associates grew its position in shares of Gentherm by 18.9% during the 3rd quarter. Raymond James & Associates now owns 128,468 shares of the auto parts company’s stock worth $5,980,000 after buying an additional 20,401 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Gentherm by 1.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 951,798 shares of the auto parts company’s stock worth $46,943,000 after buying an additional 10,402 shares in the last quarter. Finally, ClariVest Asset Management LLC bought a new position in shares of Gentherm during the 2nd quarter worth $1,227,000. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Insider Buying and Selling

In other news, CEO Phillip Eyler sold 4,402 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $50.20, for a total value of $220,980.40. Following the completion of the sale, the chief executive officer now owns 147,317 shares of the company’s stock, valued at $7,395,313.40. This represents a 2.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.91% of the company’s stock.

Gentherm Price Performance

NASDAQ:THRM opened at $41.32 on Wednesday. Gentherm Incorporated has a one year low of $39.86 and a one year high of $62.93. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.38 and a current ratio of 2.02. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 19.31 and a beta of 1.42. The firm’s fifty day moving average is $42.85 and its two-hundred day moving average is $47.66.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.66 by $0.09. The company had revenue of $371.50 million for the quarter, compared to analyst estimates of $372.89 million. Gentherm had a net margin of 4.61% and a return on equity of 14.36%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.64 earnings per share. Research analysts expect that Gentherm Incorporated will post 2.71 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on THRM. JPMorgan Chase & Co. upgraded Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price objective for the company in a research note on Monday, October 21st. Craig Hallum dropped their price objective on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Robert W. Baird dropped their price objective on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Finally, StockNews.com raised shares of Gentherm from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $57.00.

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.