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

Gentherm Inc (NASDAQ:THRM) SVP Wayne 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 $1,184,861.41. This represents a 14.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Gentherm Trading Down 4.2%

Gentherm stock opened at $40.53 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.49 and a current ratio of 2.06. The stock has a market cap of $1.24 billion, a PE ratio of 46.59 and a beta of 1.38. The stock has a 50-day moving average of $36.52 and a two-hundred day moving average of $33.08. Gentherm Inc has a one year low of $27.00 and a one year high of $48.35.

Gentherm (NASDAQ:THRM) last issued its quarterly 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 in the previous year, the firm earned $0.54 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. On average, research analysts anticipate that Gentherm Inc will post 2.92 EPS for the current fiscal year.

Gentherm announced that its board has approved a share repurchase program 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 stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of brokerages have issued reports on THRM. Wall Street Zen lowered shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Zacks Research upgraded shares of Gentherm from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Freedom Capital lowered shares of Gentherm from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. Weiss Ratings raised Gentherm from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday. Finally, Stifel Nicolaus raised their target price on Gentherm from $44.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Gentherm has an average rating of “Moderate Buy” and a consensus price target of $45.80.

Institutional Investors Weigh In On Gentherm

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

Gentherm Company 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.