Gentherm (NASDAQ:THRM) SVP Wayne Kauffman III Sells 4,700 Shares

Gentherm Inc (NASDAQ:THRM) SVP Wayne Kauffman III sold 4,700 shares of Gentherm 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 of the company’s stock, valued at $1,184,861.41. The trade was a 14.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Gentherm Trading Down 1.3%

Shares of THRM opened at $42.32 on Friday. Gentherm Inc has a twelve month low of $27.00 and a twelve month high of $48.35. The stock has a market cap of $1.30 billion, a PE ratio of 48.64 and a beta of 1.38. The company has a quick ratio of 1.49, a current ratio of 2.06 and a debt-to-equity ratio of 0.38. The business’s 50-day moving average price is $36.37 and its 200-day moving average price is $33.03.

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

Gentherm declared that its Board of Directors has approved a stock buyback plan on Thursday, July 23rd that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits 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 Analysts Forecast Growth

A number of equities research analysts recently issued reports on THRM shares. Weiss Ratings upgraded Gentherm from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday. Freedom Capital cut Gentherm from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. Wall Street Zen upgraded shares of Gentherm from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 25th. Stifel Nicolaus lifted their target price on shares of Gentherm from $44.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Finally, Zacks Research raised shares of Gentherm from a “hold” rating to a “strong-buy” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Gentherm currently has an average rating of “Moderate Buy” and an average price target of $45.80.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of THRM. Farther Finance Advisors LLC lifted its holdings in shares of Gentherm by 160.3% in the 4th quarter. Farther Finance Advisors LLC now owns 812 shares of the auto parts company’s stock worth $30,000 after acquiring an additional 500 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Gentherm in the 4th quarter valued at $35,000. Eagle Bay Advisors LLC bought a new position in shares of Gentherm during the 4th quarter valued at $50,000. Palladiem LLC bought a new position in shares of Gentherm during the 4th quarter valued at $52,000. Finally, Nisa Investment Advisors LLC raised its position in Gentherm by 21.5% in the 4th 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 period. 97.13% of the stock is currently owned by institutional investors.

About Gentherm

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.