Harbor Capital Advisors Inc. Sells 35,414 Shares of Gentherm Incorporated (NASDAQ:THRM)

Harbor Capital Advisors Inc. reduced its stake in shares of Gentherm Incorporated (NASDAQ:THRM) by 37.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,833 shares of the auto parts company’s stock after selling 35,414 shares during the period. Harbor Capital Advisors Inc.’s holdings in Gentherm were worth $2,739,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Assenagon Asset Management S.A. bought a new position in Gentherm during the third quarter valued at about $2,658,000. Hennion & Walsh Asset Management Inc. bought a new position in shares of Gentherm in the third quarter worth about $208,000. Raymond James & Associates increased its stake in shares of Gentherm by 18.9% in the third quarter. Raymond James & Associates now owns 128,468 shares of the auto parts company’s stock worth $5,980,000 after purchasing an additional 20,401 shares during the period. Inspire Investing LLC increased its stake in shares of Gentherm by 23.0% in the third quarter. Inspire Investing LLC now owns 8,815 shares of the auto parts company’s stock worth $410,000 after purchasing an additional 1,651 shares during the period. Finally, Guinness Atkinson Asset Management Inc increased its stake in shares of Gentherm by 3.2% in the third quarter. Guinness Atkinson Asset Management Inc now owns 17,929 shares of the auto parts company’s stock worth $835,000 after purchasing an additional 553 shares during the period. 97.13% of the stock is currently owned by institutional investors.

Insider Activity

In other Gentherm news, CEO Phillip Eyler sold 4,402 shares of the stock in a transaction dated Wednesday, September 18th. The stock was 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 approximately $7,395,313.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.91% of the stock is currently owned by insiders.

Gentherm Price Performance

Shares of THRM stock opened at $43.92 on Tuesday. The stock’s fifty day moving average is $45.11 and its 200-day moving average is $48.82. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.46 and a current ratio of 2.02. The stock has a market capitalization of $1.36 billion, a PE ratio of 20.52 and a beta of 1.44. Gentherm Incorporated has a 52 week low of $39.86 and a 52 week high of $62.93.

Gentherm (NASDAQ:THRM) last announced its earnings results on Wednesday, October 30th. The auto parts company reported $0.75 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 for the quarter, compared to analysts’ expectations of $372.89 million. During the same quarter in the prior year, the business earned $0.64 earnings per share. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. Equities research analysts expect that Gentherm Incorporated will post 2.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Gentherm 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.