Odyssean LLC acquired a new position in Gentherm Inc (NASDAQ:THRM – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 12,376 shares of the auto parts company’s stock, valued at approximately $422,000.
Several other institutional investors and hedge funds also recently bought and sold shares of THRM. BlackRock Inc. acquired a new position in shares of Gentherm in the 2nd quarter valued at about $165,005,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Gentherm during the second quarter worth approximately $27,822,000. Arrowstreet Capital Limited Partnership grew its position in Gentherm by 385.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 543,200 shares of the auto parts company’s stock valued at $18,501,000 after purchasing an additional 431,271 shares in the last quarter. Royce & Associates LP purchased a new position in Gentherm during the fourth quarter valued at approximately $12,080,000. Finally, Bank of America Corp DE acquired a new position in Gentherm in the 2nd quarter valued at approximately $9,986,000. Hedge funds and other institutional investors own 97.13% of the company’s stock.
Analyst Ratings Changes
THRM has been the subject of a number of research reports. Freedom Capital lowered shares of Gentherm from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. Stifel Nicolaus increased their price objective on Gentherm from $44.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Wall Street Zen cut Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. Zacks Research raised Gentherm from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Finally, Roth Capital reaffirmed a “buy” rating and set a $50.00 price target on shares of Gentherm in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $45.80.
Gentherm Stock Performance
Shares of THRM opened at $40.70 on Friday. The company’s fifty day moving average is $39.18 and its 200-day moving average is $34.16. Gentherm Inc has a 12 month low of $27.00 and a 12 month high of $48.35. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 46.78, a price-to-earnings-growth ratio of 0.93 and a beta of 1.34. The company has a quick ratio of 1.49, a current ratio of 2.06 and a debt-to-equity ratio of 0.38.
Gentherm (NASDAQ:THRM – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.19. The business had revenue of $404.94 million during the quarter, compared to analyst estimates of $382.90 million. Gentherm had a net margin of 1.68% and a return on equity of 12.06%. Gentherm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 EPS. Equities analysts expect that Gentherm Inc will post 2.92 EPS for the current fiscal year.
Gentherm announced that its board has authorized a stock buyback 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 purchase up to 36.2% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.
Insider Buying and Selling at Gentherm
In other Gentherm news, SVP Wayne Kauffman, III sold 4,700 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $43.21, for a total value of $203,087.00. Following the completion of the sale, the senior vice president owned 27,421 shares of the company’s stock, valued at $1,184,861.41. The trade was a 14.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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.
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