Gentherm Incorporated (NASDAQ:THRM) CEO Sells $220,980.40 in Stock

Gentherm Incorporated (NASDAQ:THRM) CEO Phillip Eyler sold 4,402 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $50.20, for a total transaction of $220,980.40. Following the completion of the transaction, the chief executive officer now directly owns 147,317 shares in the company, valued at $7,395,313.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Phillip Eyler also recently made the following trade(s):

• On Tuesday, August 6th, Phillip Eyler sold 15,000 shares of Gentherm stock. The shares were sold at an average price of $50.03, for a total transaction of $750,450.00.
• On Thursday, July 11th, Phillip Eyler sold 15,000 shares of Gentherm stock. The stock was sold at an average price of $50.40, for a total value of $756,000.00.

Gentherm Trading Up 3.5 %

THRM stock traded up $1.70 during midday trading on Thursday, hitting $50.78. 168,169 shares of the company’s stock were exchanged, compared to its average volume of 170,430. Gentherm Incorporated has a 1-year low of $38.21 and a 1-year high of $62.93. The company has a current ratio of 2.11, a quick ratio of 1.46 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $1.61 billion, a PE ratio of 33.62 and a beta of 1.43. The business has a 50-day simple moving average of $49.99 and a two-hundred day simple moving average of $51.45.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. Gentherm had a return on equity of 14.03% and a net margin of 4.61%. The firm had revenue of $375.70 million during the quarter, compared to the consensus estimate of $375.82 million. During the same period last year, the company earned $0.58 EPS. The company’s quarterly revenue was up .9% on a year-over-year basis. On average, sell-side analysts predict that Gentherm Incorporated will post 2.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on THRM. StockNews.com upgraded Gentherm from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. reduced their price target on Gentherm from $60.00 to $56.00 and set an “underweight” rating on the stock in a report on Monday, July 22nd. Finally, Robert W. Baird lowered their price target on shares of Gentherm from $65.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $62.00.

Hedge Funds Weigh In On Gentherm

Several large investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its holdings in Gentherm by 5.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 412,338 shares of the auto parts company’s stock valued at $21,590,000 after purchasing an additional 20,600 shares during the last quarter. Mairs & Power Inc. grew its stake in shares of Gentherm by 9.3% in the fourth quarter. Mairs & Power Inc. now owns 395,006 shares of the auto parts company’s stock valued at $20,683,000 after buying an additional 33,570 shares in the last quarter. Granahan Investment Management LLC raised its holdings in shares of Gentherm by 61.2% in the 4th quarter. Granahan Investment Management LLC now owns 412,971 shares of the auto parts company’s stock valued at $21,623,000 after buying an additional 156,842 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in Gentherm during the 1st quarter worth about $1,089,000. Finally, SG Americas Securities LLC boosted its holdings in Gentherm by 1,317.7% during the 2nd quarter. SG Americas Securities LLC now owns 25,590 shares of the auto parts company’s stock valued at $1,262,000 after acquiring an additional 23,785 shares during the period. 97.13% of the stock is currently owned by institutional investors and hedge funds.

About Gentherm

Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.