Gentherm Incorporated (NASDAQ:THRM) Sees Significant Increase in Short Interest

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

Insider Activity at Gentherm

In other Gentherm news, SVP Hui (Helen) Xu sold 2,500 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $42.00, for a total value of $105,000.00. Following the completion of the transaction, the senior vice president now owns 18,947 shares in the company, valued at $795,774. This represents a 11.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Thomas Stocker sold 1,295 shares of Gentherm stock in a transaction on Wednesday, December 11th. The stock was 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 in the company, valued at $576,490.74. The trade was a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.91% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in THRM. Vanguard Group Inc. increased its position in shares of Gentherm by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 3,667,551 shares of the auto parts company’s stock valued at $146,427,000 after buying an additional 74,758 shares during the period. Trigran Investments Inc. increased its holdings in Gentherm by 7.3% during the 4th quarter. Trigran Investments Inc. now owns 1,990,938 shares of the auto parts company’s stock worth $79,488,000 after acquiring an additional 135,458 shares during the period. Dimensional Fund Advisors LP lifted its stake in Gentherm by 5.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,217,681 shares of the auto parts company’s stock worth $48,616,000 after purchasing an additional 62,562 shares in the last quarter. Disciplined Growth Investors Inc. MN boosted its holdings in Gentherm by 2.0% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,169,671 shares of the auto parts company’s stock valued at $54,448,000 after purchasing an additional 23,051 shares during the period. Finally, Global Alpha Capital Management Ltd. grew its position in shares of Gentherm by 23.8% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 782,983 shares of the auto parts company’s stock valued at $31,261,000 after purchasing an additional 150,310 shares in the last quarter. Institutional investors own 97.13% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on THRM shares. StockNews.com lowered shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. reduced their price objective on 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 price target on Gentherm from $44.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th.

Gentherm Stock Performance

NASDAQ THRM opened at $30.91 on Wednesday. The firm has a market cap of $951.69 million, a P/E ratio of 14.93 and a beta of 1.42. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.36. The company’s 50 day moving average is $37.44 and its 200-day moving average is $41.88. Gentherm has a 12-month low of $30.25 and a 12-month high of $57.96.

Gentherm (NASDAQ:THRM) last issued its 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 business had revenue of $352.91 million for the quarter, compared to the consensus estimate of $360.29 million. During the same period in the previous year, the firm earned $0.90 EPS. The company’s revenue was down 3.8% compared to the same quarter last year. Sell-side analysts predict that Gentherm will post 3.1 earnings per share for the current 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.