Gentherm Incorporated (NASDAQ:THRM) Sees Significant Drop in Short Interest

Gentherm Incorporated (NASDAQ:THRM) was the recipient of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 819,200 shares, a decline of 30.0% from the February 13th total of 1,170,000 shares. Based on an average trading volume of 243,300 shares, the days-to-cover ratio is currently 3.4 days. Approximately 2.7% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on THRM. StockNews.com downgraded shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 26th. Robert W. Baird lowered their target price on shares of Gentherm from $44.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Gentherm from $56.00 to $51.00 and set a “neutral” rating for the company in a report on Monday, January 27th.

Gentherm Price Performance

Gentherm stock opened at $30.39 on Friday. Gentherm has a 12-month low of $29.75 and a 12-month high of $57.96. The stock has a market capitalization of $935.68 million, a P/E ratio of 14.68 and a beta of 1.45. The firm’s 50-day moving average is $36.18 and its two-hundred day moving average is $40.88. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.38.

Gentherm (NASDAQ:THRM) last released its earnings results on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.39). Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The company had revenue of $352.91 million during the quarter, compared to analyst estimates of $360.29 million. During the same period in the prior year, the business posted $0.90 earnings per share. Gentherm’s revenue was down 3.8% on a year-over-year basis. Equities analysts predict that Gentherm will post 3.1 earnings per share for the current year.

Institutional Trading of Gentherm

A number of hedge funds have recently made changes to their positions in THRM. Vanguard Group Inc. increased its stake in Gentherm by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 3,667,551 shares of the auto parts company’s stock valued at $146,427,000 after purchasing an additional 74,758 shares during the last quarter. Trigran Investments Inc. grew its position in Gentherm by 7.3% in the 4th quarter. Trigran Investments Inc. now owns 1,990,938 shares of the auto parts company’s stock valued at $79,488,000 after buying an additional 135,458 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Gentherm by 5.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,217,681 shares of the auto parts company’s stock valued at $48,616,000 after buying an additional 62,562 shares in the last quarter. Disciplined Growth Investors Inc. MN lifted its holdings in Gentherm by 2.0% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,169,671 shares of the auto parts company’s stock valued at $54,448,000 after acquiring an additional 23,051 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. lifted its holdings in Gentherm by 23.8% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 782,983 shares of the auto parts company’s stock valued at $31,261,000 after acquiring an additional 150,310 shares during the last quarter. Hedge funds and other institutional investors own 97.13% 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.