Gentherm Incorporated (NASDAQ:THRM – Get Rating) SVP Thomas Stocker sold 2,500 shares of the business’s stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $70.06, for a total transaction of $175,150.00. Following the completion of the sale, the senior vice president now directly owns 9,410 shares of the company’s stock, valued at approximately $659,264.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of NASDAQ THRM traded down $10.44 during midday trading on Thursday, hitting $58.40. The company’s stock had a trading volume of 351,858 shares, compared to its average volume of 208,417. Gentherm Incorporated has a 1-year low of $57.79 and a 1-year high of $99.00. The firm’s fifty day moving average price is $68.07 and its 200-day moving average price is $77.73. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 2.47. The firm has a market cap of $1.93 billion, a P/E ratio of 27.04 and a beta of 1.22.
Gentherm (NASDAQ:THRM – Get Rating) last posted its quarterly earnings results on Wednesday, May 4th. The auto parts company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.06). Gentherm had a net margin of 7.05% and a return on equity of 12.20%. The business had revenue of $267.70 million during the quarter, compared to analyst estimates of $254.31 million. During the same period last year, the firm posted $1.04 earnings per share. The company’s quarterly revenue was down 7.2% on a year-over-year basis. As a group, research analysts predict that Gentherm Incorporated will post 2.61 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of THRM. Ellevest Inc. lifted its stake in shares of Gentherm by 3,314.3% in the 4th quarter. Ellevest Inc. now owns 717 shares of the auto parts company’s stock worth $62,000 after acquiring an additional 696 shares during the period. Geneos Wealth Management Inc. acquired a new stake in shares of Gentherm in the 4th quarter worth approximately $65,000. Advisor Group Holdings Inc. raised its holdings in shares of Gentherm by 47.8% in the 3rd quarter. Advisor Group Holdings Inc. now owns 1,098 shares of the auto parts company’s stock worth $89,000 after purchasing an additional 355 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Gentherm by 29.0% in the 1st quarter. SG Americas Securities LLC now owns 1,606 shares of the auto parts company’s stock worth $117,000 after purchasing an additional 361 shares in the last quarter. Finally, Versor Investments LP bought a new stake in shares of Gentherm in the 4th quarter worth approximately $200,000. 99.08% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of Gentherm in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Roth Capital reissued a “buy” rating on shares of Gentherm in a research report on Thursday, May 5th. Finally, TheStreet downgraded shares of Gentherm from a “b” rating to a “c+” rating in a research report on Friday, May 20th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $101.20.
Gentherm Company Profile (Get Rating)
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 conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.