35,516 Shares in Gentherm Inc $THRM Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new stake in shares of Gentherm Inc (NASDAQ:THRM) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 35,516 shares of the auto parts company’s stock, valued at approximately $1,211,000. Jefferies Financial Group Inc. owned about 0.12% of Gentherm as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the business. Farther Finance Advisors LLC grew 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 valued at $30,000 after purchasing an additional 500 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Gentherm in the 2nd quarter valued at $30,000. Los Angeles Capital Management LLC acquired a new stake in shares of Gentherm during the 4th quarter valued at about $35,000. Allworth Financial LP acquired a new stake in Gentherm in the second quarter valued at approximately $37,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Gentherm in the 2nd quarter worth $39,000. Institutional investors and hedge funds own 97.13% of the company’s stock.

Insider Activity at Gentherm

In related news, SVP Wayne S. Kauffman III sold 4,700 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was 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 legal filing with the SEC, which is accessible through this link. Insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Wall Street Zen cut shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. JPMorgan Chase & Co. increased their price objective on shares of Gentherm from $41.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Roth Capital reissued a “buy” rating and issued a $50.00 target price on shares of Gentherm in a research note on Wednesday, July 29th. Weiss Ratings upgraded Gentherm from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 29th. Finally, Zacks Research raised Gentherm from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. One equities research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $45.80.

Gentherm Stock Performance

Shares of THRM opened at $39.54 on Monday. The company has a current ratio of 2.06, a quick ratio of 1.49 and a debt-to-equity ratio of 0.38. Gentherm Inc has a 12-month low of $27.00 and a 12-month high of $48.35. The firm has a 50-day moving average price of $38.76 and a 200 day moving average price of $33.91. The firm has a market capitalization of $1.22 billion, a P/E ratio of 45.45 and a beta of 1.35.

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

Gentherm announced that its board has approved a share buyback plan on Thursday, July 23rd that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the auto parts company to buy up to 36.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

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.