Walleye Capital LLC Makes New $802,000 Investment in Gentherm Inc $THRM

Walleye Capital LLC acquired a new stake in shares of Gentherm Inc (NASDAQ:THRM) during the second quarter, HoldingsChannel.com reports. The firm acquired 23,521 shares of the auto parts company’s stock, valued at approximately $802,000.

Several other institutional investors have also modified their holdings of the stock. Palouse Capital Management Inc. boosted its holdings in shares of Gentherm by 14.2% in the 2nd quarter. Palouse Capital Management Inc. now owns 4,822 shares of the auto parts company’s stock worth $164,000 after purchasing an additional 600 shares during the period. Moody National Bank Trust Division increased its position in shares of Gentherm by 89.1% during the 2nd quarter. Moody National Bank Trust Division now owns 35,808 shares of the auto parts company’s stock valued at $1,221,000 after purchasing an additional 16,871 shares during the last quarter. Empowered Funds LLC purchased a new stake in Gentherm during the 1st quarter valued at $1,008,000. Bank of America Corp DE raised its holdings in Gentherm by 7.6% during the 1st quarter. Bank of America Corp DE now owns 307,770 shares of the auto parts company’s stock valued at $8,550,000 after buying an additional 21,677 shares during the period. Finally, Quantinno Capital Management LP lifted its position in Gentherm by 7.5% in the first quarter. Quantinno Capital Management LP now owns 19,900 shares of the auto parts company’s stock worth $553,000 after buying an additional 1,386 shares during the last quarter. 97.13% of the stock is owned by institutional investors.

Gentherm Price Performance

THRM opened at $44.00 on Friday. The business has a fifty day moving average of $37.79 and a 200 day moving average of $33.40. The stock has a market cap of $1.35 billion, a P/E ratio of 50.57 and a beta of 1.35. The company has a quick ratio of 1.49, a current ratio of 2.06 and a debt-to-equity ratio of 0.38. Gentherm Inc has a 52-week low of $27.00 and a 52-week high of $48.35.

Gentherm (NASDAQ:THRM) last released its 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 return on equity of 12.06% and a net margin of 1.68%.The business had revenue of $404.94 million for the quarter, compared to analyst estimates of $382.90 million. During the same quarter last year, the firm posted $0.54 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Gentherm Inc will post 2.92 EPS for the current year.

Gentherm announced that its board has initiated a stock repurchase plan on Thursday, July 23rd that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the auto parts company to repurchase up to 36.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Gentherm from $41.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Stifel Nicolaus increased their target price on shares of Gentherm from $44.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Wall Street Zen lowered shares of Gentherm from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Robert W. Baird lifted their price target on shares of Gentherm from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Finally, Zacks Research upgraded shares of Gentherm from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $45.80.

Insider Activity at Gentherm

In other news, SVP Wayne S. Kauffman III sold 4,700 shares of the company’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $43.21, for a total value of $203,087.00. Following the transaction, the senior vice president directly owned 27,421 shares in the company, valued at approximately $1,184,861.41. This represents a 14.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.10% of the company’s stock.

Gentherm 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.