Harbor Capital Advisors Inc. Trims Position in Gentherm Incorporated (NASDAQ:THRM)

Harbor Capital Advisors Inc. decreased its position in shares of Gentherm Incorporated (NASDAQ:THRM) by 37.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 58,833 shares of the auto parts company’s stock after selling 35,414 shares during the period. Harbor Capital Advisors Inc. owned 0.19% of Gentherm worth $2,739,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of THRM. Headlands Technologies LLC raised its stake in Gentherm by 86.1% during the first quarter. Headlands Technologies LLC now owns 523 shares of the auto parts company’s stock worth $30,000 after purchasing an additional 242 shares during the period. Palouse Capital Management Inc. acquired a new stake in Gentherm during the 2nd quarter valued at $92,000. Hennion & Walsh Asset Management Inc. acquired a new stake in Gentherm during the 3rd quarter valued at $208,000. Hsbc Holdings PLC grew its holdings in Gentherm by 3.5% during the 2nd quarter. Hsbc Holdings PLC now owns 6,834 shares of the auto parts company’s stock worth $337,000 after acquiring an additional 229 shares in the last quarter. Finally, Central Pacific Bank Trust Division acquired a new position in Gentherm during the 1st quarter worth $347,000. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Analysts Set New Price Targets

THRM has been the subject of several recent analyst reports. Robert W. Baird decreased their price objective on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. JPMorgan Chase & Co. raised shares of Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price target for the company in a report on Monday, October 21st. Craig Hallum decreased their price target on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating for the company 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $57.00.

Gentherm Stock Up 1.5 %

THRM stock opened at $43.92 on Tuesday. Gentherm Incorporated has a 52 week low of $39.86 and a 52 week high of $62.93. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 20.52 and a beta of 1.44. The firm’s 50-day moving average is $45.11 and its two-hundred day moving average is $48.82. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.34.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings data 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. The company had revenue of $371.50 million for the quarter, compared to analysts’ expectations of $372.89 million. Gentherm had a net margin of 4.61% and a return on equity of 14.36%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS. On average, analysts forecast that Gentherm Incorporated will post 2.74 earnings per share for the current fiscal year.

Insider Transactions at Gentherm

In other news, CEO Phillip Eyler sold 4,402 shares of Gentherm 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 transaction, the chief executive officer now owns 147,317 shares of the company’s stock, valued at $7,395,313.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.91% of the company’s stock.

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.