Gentherm (NASDAQ:THRM) SVP Sells $203,087.00 in Stock

Gentherm Inc (NASDAQ:THRM) SVP Wayne Kauffman III sold 4,700 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $43.21, for a total transaction of $203,087.00. Following the completion of the transaction, the senior vice president directly owned 27,421 shares in the company, valued at approximately $1,184,861.41. The trade was a 14.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Gentherm Stock Performance

Shares of THRM stock opened at $40.53 on Friday. The stock has a market cap of $1.24 billion, a PE ratio of 46.59 and a beta of 1.38. The stock has a 50-day moving average of $36.52 and a 200-day moving average of $33.08. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.06 and a quick ratio of 1.49. Gentherm Inc has a one year low of $27.00 and a one year high of $48.35.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings results on Thursday, July 23rd. The auto parts company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.19. Gentherm had a net margin of 1.68% and a return on equity of 12.06%. The company had revenue of $404.94 million for the quarter, compared to analysts’ expectations of $382.90 million. During the same period last year, the firm posted $0.54 earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, sell-side analysts expect that Gentherm Inc will post 2.92 earnings per share for the current year.

Gentherm announced that its Board of Directors has approved a share repurchase program on Thursday, July 23rd that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the auto parts company to purchase up to 36.2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in THRM. Nisa Investment Advisors LLC boosted its holdings in Gentherm by 21.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,994 shares of the auto parts company’s stock worth $73,000 after purchasing an additional 353 shares during the last quarter. Caxton Associates LLP increased its stake in Gentherm by 4.7% in the 3rd quarter. Caxton Associates LLP now owns 8,294 shares of the auto parts company’s stock valued at $282,000 after buying an additional 372 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in Gentherm by 6.2% in the 4th quarter. Gamco Investors INC. ET AL now owns 8,500 shares of the auto parts company’s stock valued at $309,000 after buying an additional 500 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Gentherm by 160.3% during the 4th quarter. Farther Finance Advisors LLC now owns 812 shares of the auto parts company’s stock worth $30,000 after buying an additional 500 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its position in Gentherm by 1.3% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 41,018 shares of the auto parts company’s stock worth $1,492,000 after buying an additional 509 shares in the last quarter. Institutional investors and hedge funds own 97.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Freedom Capital lowered shares of Gentherm from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. JPMorgan Chase & Co. boosted their price target on Gentherm from $41.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Roth Capital reaffirmed a “buy” rating and set a $50.00 price objective on shares of Gentherm in a research report on Wednesday. Stifel Nicolaus upped their price objective on Gentherm from $44.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Finally, Robert W. Baird increased their price objective on Gentherm from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $45.80.

Gentherm Company Profile

Gentherm Incorporated (NASDAQ: THRM) is a global developer and supplier of advanced thermal management technologies for automotive, specialty vehicle, medical, consumer and industrial markets. The company’s core focus lies in delivering integrated heating and cooling systems designed to enhance energy efficiency, comfort and safety across a wide range of applications. Gentherm’s product portfolio includes seat thermal systems, heated and ventilated seating surfaces, steering wheel heaters, battery thermal management solutions, and climate systems for electric vehicles.

In the automotive sector, Gentherm partners with leading original equipment manufacturers to engineer and manufacture high-performance thermal solutions that meet stringent industry demands for reduced weight, lower energy consumption and improved passenger comfort.