MeadowBrook Investment Advisors LLC Acquires 1,270 Shares of Gentherm Incorporated (NASDAQ:THRM)

MeadowBrook Investment Advisors LLC grew its holdings in shares of Gentherm Incorporated (NASDAQ:THRM) by 37.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,630 shares of the auto parts company’s stock after buying an additional 1,270 shares during the quarter. MeadowBrook Investment Advisors LLC’s holdings in Gentherm were worth $185,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of THRM. Quarry LP increased its stake in shares of 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 during the last quarter. Gladius Capital Management LP acquired a new position in shares of Gentherm during the 3rd quarter worth about $44,000. KBC Group NV increased its stake in shares of Gentherm by 82.2% during the 4th quarter. KBC Group NV now owns 1,822 shares of the auto parts company’s stock worth $73,000 after purchasing an additional 822 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Gentherm during the 3rd quarter worth about $207,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in shares of Gentherm during the 3rd quarter worth about $208,000. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Craig Hallum lowered their price objective 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. JPMorgan Chase & Co. decreased their price target on shares of Gentherm from $56.00 to $51.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. StockNews.com lowered shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Monday. Finally, Robert W. Baird decreased their price target 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.

Gentherm Stock Performance

NASDAQ THRM opened at $36.24 on Wednesday. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $1.12 billion, a P/E ratio of 16.93 and a beta of 1.42. Gentherm Incorporated has a 12-month low of $35.67 and a 12-month high of $62.93. The firm has a 50-day moving average price of $39.66 and a two-hundred day moving average price of $43.77.

Insider Buying and Selling at Gentherm

In other news, SVP Hui (Helen) Xu sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $42.00, for a total transaction of $105,000.00. Following the completion of the sale, the senior vice president now owns 18,947 shares of the company’s stock, valued at approximately $795,774. This represents a 11.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Thomas Stocker sold 1,295 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $42.98, for a total transaction of $55,659.10. Following the sale, the senior vice president now directly owns 13,413 shares of the company’s stock, valued at approximately $576,490.74. This trade represents a 8.80 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.91% of the company’s stock.

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.