Gentherm Inc. (THRM) Shares Gap Up to $34.23
Gentherm Inc. (NASDAQ:THRM)’s share price gapped up prior to trading on Friday . The stock had previously closed at $33.73, but opened at $34.23. Gentherm shares last traded at $35.45, with a volume of 71,296 shares changing hands.
A number of brokerages have recently issued reports on THRM. FBR & Co restated a “hold” rating on shares of Gentherm in a research note on Saturday, March 12th. Zacks Investment Research raised shares of Gentherm from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Tuesday, May 3rd. Argus reaffirmed a “buy” rating and issued a $44.00 target price on shares of Gentherm in a report on Tuesday, June 14th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Gentherm in a report on Saturday, April 30th.
The firm has a 50 day moving average of $36.18 and a 200-day moving average of $39.48. The stock has a market cap of $1.29 billion and a price-to-earnings ratio of 14.71.
Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Thursday, April 28th. The company reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.03. During the same period last year, the firm earned $0.55 earnings per share. The company had revenue of $215.70 million for the quarter, compared to the consensus estimate of $225.03 million. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities research analysts expect that Gentherm Inc. will post $2.64 earnings per share for the current year.
In other Gentherm news, VP Darren Schumacher sold 16,011 shares of Gentherm stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $37.74, for a total transaction of $604,255.14. Following the completion of the transaction, the vice president now directly owns 21,666 shares of the company’s stock, valued at $817,674.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Erin Erwine Ascher sold 1,009 shares of Gentherm stock in a transaction on Tuesday, June 14th. The stock was sold at an average price of $36.89, for a total transaction of $37,222.01. Following the transaction, the vice president now directly owns 12,600 shares of the company’s stock, valued at $464,814. The disclosure for this sale can be found here.
Other institutional investors recently added to or reduced their stakes in the company. Comerica Bank boosted its position in Gentherm by 0.4% in the fourth quarter. Comerica Bank now owns 36,939 shares of the company’s stock worth $1,552,000 after buying an additional 137 shares during the period. Mutual of America Capital Management LLC boosted its position in Gentherm by 3,487.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 37,667 shares of the company’s stock worth $1,785,000 after buying an additional 36,617 shares during the period. Rhumbline Advisers increased its stake in Gentherm by 11.4% in the fourth quarter. Rhumbline Advisers now owns 45,472 shares of the company’s stock worth $2,155,000 after buying an additional 4,635 shares in the last quarter. California State Teachers Retirement System increased its stake in Gentherm by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 66,512 shares of the company’s stock worth $3,153,000 after buying an additional 1,036 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in Gentherm during the fourth quarter worth $4,403,000.
Gentherm Incorporated (Gentherm) is engaged in the design, development and manufacturing of thermal management technologies. The Company’s segments are: Automotive, Industrial. The Automotive segment represents Gentherm’s three geographic operating segments: North America, Europe and Asia. The Automotive segment includes automotive seat comfort systems, specialized automotive cable systems, and other automotive and non-automotive thermal convenience products.
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