4,446 Shares in Gentherm Incorporated (NASDAQ:THRM) Purchased by XTX Topco Ltd

XTX Topco Ltd acquired a new stake in shares of Gentherm Incorporated (NASDAQ:THRM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,446 shares of the auto parts company’s stock, valued at approximately $207,000.

Other large investors also recently bought and sold shares of the company. Nuance Investments LLC acquired a new stake in shares of Gentherm during the 3rd quarter valued at approximately $16,754,000. Cerity Partners LLC increased its stake in Gentherm by 880.7% during the third quarter. Cerity Partners LLC now owns 188,683 shares of the auto parts company’s stock valued at $8,783,000 after purchasing an additional 169,443 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Gentherm by 119.4% during the second quarter. American Century Companies Inc. now owns 259,185 shares of the auto parts company’s stock worth $12,783,000 after purchasing an additional 141,047 shares during the period. Global Alpha Capital Management Ltd. lifted its position in shares of Gentherm by 22.6% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 632,673 shares of the auto parts company’s stock worth $29,451,000 after buying an additional 116,500 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Gentherm by 26.8% in the 3rd quarter. FMR LLC now owns 507,598 shares of the auto parts company’s stock valued at $23,629,000 after buying an additional 107,322 shares during the period. Institutional investors own 97.13% of the company’s stock.

Gentherm Stock Performance

Shares of THRM stock opened at $38.63 on Friday. Gentherm Incorporated has a 12-month low of $38.44 and a 12-month high of $62.93. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.02 and a quick ratio of 1.38. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 18.05 and a beta of 1.42. The business has a 50 day simple moving average of $42.17 and a 200 day simple moving average of $46.96.

Gentherm (NASDAQ:THRM) last released 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 company had revenue of $371.50 million during the quarter, compared to analysts’ expectations of $372.89 million. During the same quarter in the prior year, the business posted $0.64 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities research analysts anticipate that Gentherm Incorporated will post 2.71 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Robert W. Baird dropped their price objective on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. 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. Finally, Craig Hallum dropped their target price on Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st.

Insider Buying and Selling at Gentherm

In other Gentherm news, SVP Hui (Helen) Xu sold 2,500 shares of the company’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 completion of the sale, the senior vice president now directly owns 18,947 shares in the company, valued at $795,774. This represents a 11.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Thomas Stocker sold 1,295 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $42.98, for a total value of $55,659.10. Following the transaction, the senior vice president now directly owns 13,413 shares of the company’s stock, valued at approximately $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 owned by corporate insiders.

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.