Gentherm Incorporated (NASDAQ:THRM) SVP Thomas Stocker Sells 1,295 Shares

Gentherm Incorporated (NASDAQ:THRM) SVP Thomas Stocker sold 1,295 shares of the firm’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 owns 13,413 shares of the company’s stock, valued at approximately $576,490.74. The trade was a 8.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Gentherm Stock Performance

NASDAQ:THRM traded up $0.05 on Wednesday, hitting $43.57. The stock had a trading volume of 226,260 shares, compared to its average volume of 187,792. 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 stock has a market cap of $1.35 billion, a price-to-earnings ratio of 20.34 and a beta of 1.42. Gentherm Incorporated has a 52-week low of $39.86 and a 52-week high of $62.93. The business’s 50-day simple moving average is $42.41 and its two-hundred day simple moving average is $47.43.

Gentherm (NASDAQ:THRM) last announced its quarterly 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 net margin of 4.61% and a return on equity of 14.36%. The business had revenue of $371.50 million for the quarter, compared to analysts’ expectations of $372.89 million. During the same quarter in the previous year, the company earned $0.64 EPS. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, research analysts predict that Gentherm Incorporated will post 2.71 earnings per share for the current year.

Institutional Trading of Gentherm

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Hsbc Holdings PLC raised its position in shares of Gentherm by 3.5% in the 2nd quarter. Hsbc Holdings PLC now owns 6,834 shares of the auto parts company’s stock valued at $337,000 after purchasing an additional 229 shares during the last quarter. MeadowBrook Investment Advisors LLC boosted its position in Gentherm by 8.4% during the third quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock worth $156,000 after purchasing an additional 260 shares in the last quarter. Captrust Financial Advisors grew its stake in Gentherm by 3.9% in the 3rd quarter. Captrust Financial Advisors now owns 8,296 shares of the auto parts company’s stock valued at $386,000 after acquiring an additional 314 shares during the period. Quarry LP raised its position 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. Finally, Guinness Atkinson Asset Management Inc boosted 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 acquiring an additional 553 shares during the last quarter. Institutional investors own 97.13% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. raised Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price objective on the stock in a report on Monday, October 21st. Craig Hallum cut their price target on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Finally, Robert W. Baird dropped their price objective on Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, October 31st.

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.