Palouse Capital Management Inc. Boosts Stock Holdings in Gentherm Incorporated (NASDAQ:THRM)

Palouse Capital Management Inc. boosted its position in shares of Gentherm Incorporated (NASDAQ:THRM) by 91.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,585 shares of the auto parts company’s stock after buying an additional 1,714 shares during the period. Palouse Capital Management Inc.’s holdings in Gentherm were worth $143,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Quarry LP increased 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 buying an additional 486 shares in the last quarter. Gladius Capital Management LP purchased a new stake in shares of Gentherm in the third quarter valued at approximately $44,000. KBC Group NV grew its position in shares of Gentherm by 82.2% in the fourth quarter. KBC Group NV now owns 1,822 shares of the auto parts company’s stock valued at $73,000 after purchasing an additional 822 shares in the last quarter. MeadowBrook Investment Advisors LLC grew its position in shares of 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. Finally, XTX Topco Ltd purchased a new stake in shares of Gentherm in the third quarter valued at approximately $207,000. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

Gentherm Trading Up 0.2 %

THRM opened at $35.44 on Friday. Gentherm Incorporated has a one year low of $35.09 and a one year high of $62.93. The stock has a market capitalization of $1.10 billion, a PE ratio of 16.56 and a beta of 1.42. The business’s 50 day moving average price is $39.17 and its 200 day moving average price is $43.40. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.38 and a current ratio of 2.02.

Insider Activity at Gentherm

In other Gentherm news, SVP Hui (Helen) Xu sold 2,500 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $42.00, for a total transaction of $105,000.00. Following the transaction, 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 Securities & Exchange Commission, which is available at the SEC website. Also, SVP Thomas Stocker sold 1,295 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $42.98, for a total value of $55,659.10. Following the transaction, the senior vice president now owns 13,413 shares in the company, valued at $576,490.74. This trade represents 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 currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on THRM shares. JPMorgan Chase & Co. dropped their price target on Gentherm from $56.00 to $51.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Robert W. Baird dropped their price target on Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Craig Hallum dropped their price target on Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, StockNews.com lowered Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 10th.

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.