State of Wyoming Invests $563,000 in Gentherm Inc $THRM

State of Wyoming acquired a new position in shares of Gentherm Inc (NASDAQ:THRM) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 16,503 shares of the auto parts company’s stock, valued at approximately $563,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in 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 period. Los Angeles Capital Management LLC bought a new stake in Gentherm during the fourth quarter valued at about $35,000. Palladiem LLC bought a new stake in Gentherm during the fourth quarter valued at about $52,000. Tower Research Capital LLC TRC grew its position in shares of Gentherm by 232.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,154 shares of the auto parts company’s stock valued at $89,000 after purchasing an additional 2,204 shares during the last quarter. Finally, iSAM Funds UK Ltd acquired a new stake in shares of Gentherm in the third quarter valued at about $111,000. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Weiss Ratings upgraded Gentherm from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 29th. Zacks Research upgraded Gentherm from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Roth Capital reaffirmed a “buy” rating and issued a $50.00 target price on shares of Gentherm in a report on Wednesday, July 29th. Freedom Capital downgraded Gentherm from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. Finally, JPMorgan Chase & Co. upped their price target on Gentherm from $41.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Gentherm presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.80.

Gentherm Price Performance

THRM stock opened at $44.00 on Monday. Gentherm Inc has a twelve month low of $27.00 and a twelve month high of $48.35. The company has a quick ratio of 1.49, a current ratio of 2.06 and a debt-to-equity ratio of 0.38. The company has a market cap of $1.35 billion, a PE ratio of 50.57 and a beta of 1.35. The business’s 50-day simple moving average is $37.79 and its 200 day simple moving average is $33.38.

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

Gentherm declared that its board has initiated a share repurchase 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 reacquire up to 36.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Insider Transactions at Gentherm

In related news, SVP Wayne S. 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 transaction of $203,087.00. Following the completion of the transaction, the senior vice president directly owned 27,421 shares of the company’s stock, valued at $1,184,861.41. This trade represents a 14.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.10% of the stock is owned by corporate insiders.

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.