Insider Buying: Gentherm (NASDAQ:THRM) Director Buys $532,600.00 in Stock

Gentherm Inc (NASDAQ:THRM) Director Paul Anthony Mascarenas bought 20,000 shares of the stock in a transaction dated Friday, October 23rd. The shares were acquired at an average price of $26.63 per share, for a total transaction of $532,600.00. Following the completion of the transaction, the director owned 22,677 shares of the company’s stock, valued at approximately $603,888.51. The trade was a 747.10% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Gentherm Stock Performance

Shares of Gentherm stock opened at $33.16 on Thursday. The firm’s fifty day simple moving average is $34.92 and its 200-day simple moving average is $34.10. Gentherm Inc has a 12 month low of $25.31 and a 12 month high of $48.35. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 110.53, a PEG ratio of 0.66 and a beta of 1.37. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.05 and a quick ratio of 1.47.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Thursday, October 22nd. The auto parts company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.31). Gentherm had a return on equity of 10.30% and a net margin of 0.57%. The business had revenue of $405.10 million for the quarter, compared to analyst estimates of $404.16 million. During the same quarter in the prior year, the company earned $0.73 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, equities analysts forecast that Gentherm Inc will post 2.70 earnings per share for the current year.

Gentherm announced that its Board of Directors has approved a share repurchase plan on Thursday, July 23rd that allows the company to repurchase $400 million in shares. This repurchase authorization allows the auto parts company to purchase up to 36.2% of its shares through open market purchases. Share repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Gentherm Dividend Announcement

The firm also recently announced a special dividend, which was paid on Wednesday, October 7th. Stockholders of record on Monday, September 28th were issued a $1.90 dividend.

Hedge Funds Weigh In On Gentherm

Large investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Gentherm in the second quarter worth $165,005,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Gentherm in the second quarter valued at $27,822,000. Bank of America Corp DE purchased a new stake in shares of Gentherm during the 2nd quarter worth $9,986,000. Bank of New York Mellon Corp purchased a new stake in shares of Gentherm during the 2nd quarter worth $7,180,000. Finally, Bastion Asset Management Inc. purchased a new stake in shares of Gentherm during the 1st quarter worth $6,213,000. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Analysts Set New Price Targets

THRM has been the topic of a number of research reports. Zacks Research lowered Gentherm from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Roth Capital reaffirmed a “buy” rating and set a $50.00 price objective on shares of Gentherm in a research note on Wednesday, July 29th. Weiss Ratings cut Gentherm from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday. Wall Street Zen cut Gentherm from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. Finally, JPMorgan Chase & Co. lowered their target price on Gentherm from $48.00 to $47.00 and set an “overweight” rating on the stock in a research note on Friday, October 23rd. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $43.57.

About Gentherm

Gentherm Incorporated (NASDAQ: THRM) develops and manufactures thermal management and comfort technologies for the automotive and medical industries. The company’s automotive products include heated and cooled seating systems, climate-controlled seats, heated steering wheels, seat ventilation, and other technologies designed to improve passenger comfort and manage temperature.

Gentherm also provides battery thermal management systems and related technologies that support the performance, efficiency, and safety of electrified vehicles.