Gentherm Incorporated (NASDAQ:THRM) Shares Sold by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC lessened its position in Gentherm Incorporated (NASDAQ:THRM) by 12.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 508,394 shares of the auto parts company’s stock after selling 72,579 shares during the quarter. Lord Abbett & CO. LLC owned approximately 1.64% of Gentherm worth $23,666,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Quarry LP grew its stake in Gentherm by 952.9% during the 3rd quarter. Quarry LP now owns 537 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 486 shares in the last quarter. Gladius Capital Management LP acquired a new position in shares of Gentherm during the third quarter worth $44,000. Headlands Technologies LLC increased its holdings in Gentherm by 134.0% in the second quarter. Headlands Technologies LLC now owns 1,224 shares of the auto parts company’s stock valued at $60,000 after buying an additional 701 shares during the last quarter. Palouse Capital Management Inc. acquired a new stake in shares of Gentherm during the 2nd quarter worth about $92,000. Finally, MeadowBrook Investment Advisors LLC boosted its holdings in Gentherm by 8.4% in the third quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock valued at $156,000 after purchasing an additional 260 shares in the last quarter. Institutional investors and hedge funds own 97.13% of the company’s stock.

Gentherm Stock Performance

Shares of THRM opened at $41.74 on Monday. The stock has a market capitalization of $1.29 billion, a P/E ratio of 19.50 and a beta of 1.42. The company’s fifty day moving average is $42.40 and its two-hundred day moving average is $47.27. 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 Incorporated has a 1 year low of $39.86 and a 1 year high of $62.93.

Gentherm (NASDAQ:THRM) last issued its earnings results on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $372.89 million. During the same period in the prior year, the business posted $0.64 EPS. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, sell-side analysts predict that Gentherm Incorporated will post 2.71 earnings per share for the current year.

Wall Street Analyst Weigh In

THRM has been the topic of several research analyst reports. Craig Hallum cut their price target on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Robert W. Baird cut their target price on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a 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 report on Monday, October 21st.

Insiders Place Their Bets

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 transaction of $220,980.40. Following the completion of the sale, the chief executive officer now directly owns 147,317 shares in the company, valued at approximately $7,395,313.40. This trade represents a 2.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Hui (Helen) Xu sold 2,500 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 18,947 shares in the company, valued at $795,774. This trade represents a 11.66 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,197 shares of company stock worth $381,640. Corporate insiders own 1.91% 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.