47,018 Shares in Gentherm Incorporated (NASDAQ:THRM) Purchased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC bought a new position in shares of Gentherm Incorporated (NASDAQ:THRM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 47,018 shares of the auto parts company's stock, valued at approximately $1,877,000. Cubist Systematic Strategies LLC owned approximately 0.15% of Gentherm as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in THRM. Barclays PLC boosted its stake in shares of Gentherm by 234.8% during the 3rd quarter. Barclays PLC now owns 61,466 shares of the auto parts company's stock worth $2,861,000 after acquiring an additional 43,108 shares during the period. JPMorgan Chase & Co. grew its stake in Gentherm by 46.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 67,831 shares of the auto parts company's stock valued at $3,158,000 after buying an additional 21,376 shares during the last quarter. Moody National Bank Trust Division grew its stake in Gentherm by 48.3% in the 4th quarter. Moody National Bank Trust Division now owns 17,791 shares of the auto parts company's stock valued at $710,000 after buying an additional 5,795 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in Gentherm by 34.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 5,994 shares of the auto parts company's stock worth $239,000 after buying an additional 1,525 shares during the period. Finally, Inspire Investing LLC increased its position in Gentherm by 14.5% during the 4th quarter. Inspire Investing LLC now owns 10,091 shares of the auto parts company's stock worth $403,000 after buying an additional 1,276 shares during the period. Institutional investors and hedge funds own 97.13% of the company's stock.

Insider Activity

In related news, CEO William T. Presley purchased 3,000 shares of the business's stock in a transaction on Friday, April 25th. The stock was acquired at an average price of $24.67 per share, for a total transaction of $74,010.00. Following the purchase, the chief executive officer now owns 161,103 shares of the company's stock, valued at approximately $3,974,411.01. This trade represents a 1.90% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.40% of the company's stock.

Gentherm Trading Up 0.7%

THRM opened at $26.78 on Monday. Gentherm Incorporated has a twelve month low of $22.75 and a twelve month high of $56.68. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.36. The company has a fifty day moving average of $27.18 and a 200-day moving average of $35.26. The stock has a market cap of $826.43 million, a PE ratio of 12.94 and a beta of 1.44.

Gentherm (NASDAQ:THRM - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The auto parts company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. The company had revenue of $353.85 million during the quarter, compared to analysts' expectations of $347.39 million. Gentherm had a net margin of 4.46% and a return on equity of 11.43%. Gentherm's revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.62 earnings per share. On average, sell-side analysts predict that Gentherm Incorporated will post 3.1 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. StockNews.com cut shares of Gentherm from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. cut their target price on shares of Gentherm from $56.00 to $51.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th. Finally, Robert W. Baird upped their price target on Gentherm from $27.00 to $28.00 and gave the company a "neutral" rating in a research report on Friday, April 25th.

About Gentherm

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.

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