Gentherm Incorporated (NASDAQ:THRM) Short Interest Down 18.7% in October

Gentherm Incorporated (NASDAQ:THRM) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 808,400 shares, a drop of 18.7% from the October 15th total of 994,000 shares. Currently, 2.7% of the company’s stock are sold short. Based on an average daily trading volume, of 216,400 shares, the days-to-cover ratio is presently 3.7 days.

Gentherm Stock Performance

THRM traded down $0.95 on Friday, hitting $42.33. 148,498 shares of the company’s stock were exchanged, compared to its average volume of 186,924. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34. The stock has a fifty day moving average of $44.25 and a two-hundred day moving average of $48.50. Gentherm has a twelve month low of $39.86 and a twelve month high of $62.93. The firm has a market cap of $1.31 billion, a PE ratio of 19.78 and a beta of 1.44.

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

Analyst Ratings Changes

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

Insider Activity

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

Hedge Funds Weigh In On Gentherm

Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC boosted its stake in 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 valued at $1,262,000 after purchasing an additional 23,785 shares during the period. Raymond James & Associates grew its holdings in Gentherm by 18.9% in 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 holdings in Gentherm by 1.1% in 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. Quadrature Capital Ltd acquired a new stake in Gentherm in the 1st quarter valued at approximately $693,000. Finally, ClariVest Asset Management LLC bought a new stake in Gentherm during the 2nd quarter valued at $1,227,000. Institutional investors and hedge funds own 97.13% of the company’s stock.

Gentherm Company 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.