10,879 Shares in Gentherm Incorporated (NASDAQ:THRM) Acquired by Readystate Asset Management LP

Readystate Asset Management LP purchased a new position in Gentherm Incorporated (NASDAQ:THRM) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,879 shares of the auto parts company’s stock, valued at approximately $506,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Centiva Capital LP boosted its holdings in Gentherm by 165.5% in the third quarter. Centiva Capital LP now owns 12,438 shares of the auto parts company’s stock worth $579,000 after acquiring an additional 7,754 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of Gentherm by 3.9% in the third quarter. Captrust Financial Advisors now owns 8,296 shares of the auto parts company’s stock valued at $386,000 after purchasing an additional 314 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Gentherm by 9.2% in the third quarter. Rockefeller Capital Management L.P. now owns 443,715 shares of the auto parts company’s stock valued at $20,659,000 after purchasing an additional 37,215 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Gentherm by 3.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 69,731 shares of the auto parts company’s stock valued at $3,246,000 after purchasing an additional 2,491 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Gentherm by 21.0% in the third quarter. BNP Paribas Financial Markets now owns 22,123 shares of the auto parts company’s stock valued at $1,030,000 after purchasing an additional 3,837 shares in the last quarter. Institutional investors own 97.13% of the company’s stock.

Insider Activity

In related news, CEO Phillip Eyler sold 4,402 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $50.20, for a total transaction of $220,980.40. Following the transaction, the chief executive officer now owns 147,317 shares in the company, valued at $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 is available at this link. Also, SVP Hui (Helen) Xu sold 2,500 shares of the business’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 transaction, 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 position. The disclosure for this sale can be found here. 1.91% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently commented on THRM. Craig Hallum dropped their price target on 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 target on Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. JPMorgan Chase & Co. upgraded Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price target on the stock in a report on Monday, October 21st. Finally, StockNews.com upgraded Gentherm from a “hold” rating to a “buy” rating in a report on Friday, August 9th.

Gentherm Price Performance

NASDAQ:THRM opened at $41.85 on Friday. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 19.56 and a beta of 1.42. Gentherm Incorporated has a 52-week low of $39.86 and a 52-week high of $62.93. The stock has a fifty day moving average of $42.63 and a 200 day moving average of $47.58. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.38 and a current ratio of 2.02.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share (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 during the quarter, compared to analyst estimates of $372.89 million. During the same quarter in the previous year, the company posted $0.64 earnings per share. The company’s revenue was up 1.4% compared to the same quarter last year. On average, research analysts expect that Gentherm Incorporated will post 2.71 EPS for the current fiscal year.

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.