Gladius Capital Management LP Takes Position in Gentherm Incorporated (NASDAQ:THRM)

Gladius Capital Management LP bought a new position in shares of Gentherm Incorporated (NASDAQ:THRM) in the third quarter, HoldingsChannel reports. The fund bought 951 shares of the auto parts company’s stock, valued at approximately $44,000.

Other large investors have also recently bought and sold shares of the company. Headlands Technologies LLC lifted its holdings in Gentherm by 86.1% during the 1st quarter. Headlands Technologies LLC now owns 523 shares of the auto parts company’s stock worth $30,000 after buying an additional 242 shares during the last quarter. Palouse Capital Management Inc. purchased a new position in Gentherm in the second quarter valued at approximately $92,000. MeadowBrook Investment Advisors LLC raised its holdings in Gentherm by 8.4% during the third quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock worth $156,000 after purchasing an additional 260 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Gentherm during the 3rd quarter worth approximately $208,000. Finally, MQS Management LLC purchased a new position in shares of Gentherm in the 3rd quarter valued at $240,000. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Gentherm Stock Performance

Shares of THRM stock opened at $42.33 on Friday. Gentherm Incorporated has a 52-week low of $39.86 and a 52-week high of $62.93. The stock’s 50-day moving average price is $44.17 and its 200 day moving average price is $48.44. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $1.31 billion, a PE ratio of 19.78 and a beta of 1.44.

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. The business had revenue of $371.50 million during the quarter, compared to analysts’ expectations of $372.89 million. Gentherm had a return on equity of 14.36% and a net margin of 4.61%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 earnings per share. As a group, equities research analysts forecast that Gentherm Incorporated will post 2.71 EPS for the current year.

Insider Transactions at Gentherm

In other Gentherm news, CEO Phillip Eyler sold 4,402 shares of Gentherm stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $50.20, for a total value of $220,980.40. Following the sale, the chief executive officer now owns 147,317 shares of the company’s stock, valued at approximately $7,395,313.40. The trade was a 2.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.91% of the company’s stock.

Analyst Ratings Changes

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

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.