Gentherm (NASDAQ:THRM) Stock Price Up 3.5% Following Insider Buying Activity

Shares of Gentherm Incorporated (NASDAQ:THRM) traded up 3.5% during trading on Tuesday following insider buying activity. The stock traded as high as $25.41 and last traded at $25.57. 81,735 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 245,287 shares. The stock had previously closed at $24.69.

Specifically, CEO William T. Presley acquired 3,000 shares of Gentherm stock in a transaction that occurred on Friday, April 25th. The stock was acquired at an average cost of $24.67 per share, for a total transaction of $74,010.00. Following the purchase, the chief executive officer now owns 161,103 shares of the company’s stock, valued at approximately $3,974,411.01. This represents a 1.90 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on THRM shares. Robert W. Baird boosted their price target on shares of Gentherm from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday. JPMorgan Chase & Co. reduced their price target on shares of Gentherm from $56.00 to $51.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Finally, StockNews.com lowered shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 26th.

Gentherm Price Performance

The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.38. The firm has a market capitalization of $792.20 million, a P/E ratio of 12.26 and a beta of 1.46. The firm’s 50 day simple moving average is $28.39 and its two-hundred day simple moving average is $36.20.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. Gentherm had a net margin of 4.46% and a return on equity of 11.43%. The company had revenue of $353.85 million for the quarter, compared to analysts’ expectations of $347.39 million. During the same quarter in the previous year, the company earned $0.62 earnings per share. Gentherm’s quarterly revenue was down .6% on a year-over-year basis. As a group, analysts predict that Gentherm Incorporated will post 3.1 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its stake in shares of Gentherm by 2.3% in the first quarter. Principal Financial Group Inc. now owns 154,679 shares of the auto parts company’s stock worth $4,136,000 after purchasing an additional 3,485 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Gentherm by 12.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,477 shares of the auto parts company’s stock worth $424,000 after purchasing an additional 1,676 shares during the last quarter. Diversified Trust Co purchased a new position in shares of Gentherm in the first quarter worth $251,000. Oppenheimer Asset Management Inc. raised its stake in shares of Gentherm by 10.2% in the first quarter. Oppenheimer Asset Management Inc. now owns 19,616 shares of the auto parts company’s stock worth $525,000 after purchasing an additional 1,818 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of Gentherm in the first quarter worth $26,000. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Gentherm Company Profile

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.