Gentherm Incorporated (NASDAQ:THRM) SVP Sells $170,430.00 in Stock

Gentherm Incorporated (NASDAQ:THRM) SVP Thomas Stocker sold 3,000 shares of the stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $56.81, for a total value of $170,430.00. Following the sale, the senior vice president now directly owns 8,950 shares in the company, valued at approximately $508,449.50. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Gentherm Trading Up 2.0 %

NASDAQ THRM traded up $1.10 during trading on Tuesday, hitting $56.98. The company had a trading volume of 126,234 shares, compared to its average volume of 162,934. The company’s fifty day moving average is $58.85 and its 200-day moving average is $58.35. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 160.20 and a beta of 1.34. The company has a current ratio of 2.31, a quick ratio of 1.63 and a debt-to-equity ratio of 0.32. Gentherm Incorporated has a one year low of $49.45 and a one year high of $76.13.

Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Tuesday, August 1st. The auto parts company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Gentherm had a net margin of 0.85% and a return on equity of 11.25%. The company had revenue of $372.30 million during the quarter, compared to the consensus estimate of $368.93 million. During the same period in the prior year, the firm earned $0.25 earnings per share. Gentherm’s revenue was up 42.8% on a year-over-year basis. On average, sell-side analysts predict that Gentherm Incorporated will post 2.53 earnings per share for the current year.

Wall Street Analyst Weigh In

THRM has been the subject of a number of research reports. Robert W. Baird cut shares of Gentherm from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $73.00 to $65.00 in a research note on Tuesday, July 11th. StockNews.com cut Gentherm from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, Argus dropped their price objective on Gentherm from $80.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, August 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $64.67.

Hedge Funds Weigh In On Gentherm

Several large investors have recently made changes to their positions in THRM. Teachers Retirement System of The State of Kentucky grew its stake in shares of Gentherm by 5.7% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 10,758 shares of the auto parts company’s stock worth $608,000 after acquiring an additional 582 shares during the last quarter. Nuveen Asset Management LLC grew its position in Gentherm by 70.4% during the 2nd quarter. Nuveen Asset Management LLC now owns 203,602 shares of the auto parts company’s stock valued at $11,506,000 after purchasing an additional 84,104 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Gentherm by 5.3% in the 2nd quarter. Wells Fargo & Company MN now owns 94,200 shares of the auto parts company’s stock worth $5,323,000 after acquiring an additional 4,711 shares during the last quarter. Natixis Advisors L.P. lifted its holdings in shares of Gentherm by 4.7% during the second quarter. Natixis Advisors L.P. now owns 16,191 shares of the auto parts company’s stock valued at $915,000 after purchasing an additional 733 shares in the last quarter. Finally, Walleye Capital LLC purchased a new stake in shares of Gentherm during the 2nd quarter valued at about $1,449,000. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

Gentherm Company Profile

Gentherm Incorporated designs, develops, manufactures, and markets thermal management technologies. 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 that utilize proprietary electronics technology and software; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.