Jefferies Financial Group Inc. Buys Shares of 35,516 Gentherm Inc $THRM

Jefferies Financial Group Inc. purchased a new stake in shares of Gentherm Inc (NASDAQ:THRM) in the second quarter, HoldingsChannel reports. The firm purchased 35,516 shares of the auto parts company’s stock, valued at approximately $1,211,000.

A number of other institutional investors have also modified their holdings of THRM. Farther Finance Advisors LLC increased its stake 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 during the period. Meeder Asset Management Inc. purchased a new stake in shares of Gentherm during the second quarter worth $30,000. Los Angeles Capital Management LLC purchased a new stake in shares of Gentherm during the fourth quarter worth $35,000. Allworth Financial LP acquired a new stake in shares of Gentherm in the second quarter valued at $37,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Gentherm during the 2nd quarter worth $39,000. 97.13% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Gentherm news, SVP Wayne S. 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 sale, the senior vice president owned 27,421 shares of the company’s stock, valued at approximately $1,184,861.41. This trade represents a 14.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.10% of the company’s stock.

Gentherm Stock Performance

NASDAQ:THRM opened at $39.54 on Monday. Gentherm Inc has a 1 year low of $27.00 and a 1 year high of $48.35. The stock has a market cap of $1.22 billion, a P/E ratio of 45.45 and a beta of 1.35. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.49 and a current ratio of 2.06. The stock has a 50-day simple moving average of $38.76 and a 200-day simple moving average of $33.91.

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

Gentherm announced that its Board of Directors has approved a stock buyback 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 often a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on Gentherm from $41.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Zacks Research raised Gentherm from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Weiss Ratings raised shares of Gentherm from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 29th. Stifel Nicolaus lifted their price target on shares of Gentherm from $44.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Finally, Wall Street Zen cut shares of Gentherm from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently 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.