Wayne Kauffman III Sells 4,700 Shares of Gentherm (NASDAQ:THRM) Stock

Gentherm Inc (NASDAQ:THRM) SVP Wayne Kauffman III sold 4,700 shares of Gentherm stock in a transaction on Wednesday, July 29th. The shares were 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 directly owned 27,421 shares of the company’s stock, valued at approximately $1,184,861.41. This represents a 14.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Gentherm Trading Down 1.3%

Gentherm stock traded down $0.57 during trading on Thursday, hitting $42.32. The company’s stock had a trading volume of 879,587 shares, compared to its average volume of 318,293. The stock’s fifty day moving average is $36.16 and its 200 day moving average is $33.00. Gentherm Inc has a 1-year low of $27.00 and a 1-year high of $48.35. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 48.64 and a beta of 1.38. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.49 and a current ratio of 2.06.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Thursday, July 23rd. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.19. The firm had revenue of $404.94 million for the quarter, compared to analyst estimates of $382.90 million. Gentherm had a return on equity of 12.06% and a net margin of 1.68%.The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the company earned $0.54 EPS. As a group, equities research analysts predict that Gentherm Inc will post 2.86 EPS for the current year.

Gentherm declared that its Board of Directors has authorized a stock buyback program on Thursday, July 23rd that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the auto parts company to repurchase up to 36.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Gentherm

Several hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC increased its position in Gentherm by 160.3% during the 4th quarter. Farther Finance Advisors LLC now owns 812 shares of the auto parts company’s stock worth $30,000 after purchasing an additional 500 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in Gentherm during the fourth quarter worth approximately $35,000. Eagle Bay Advisors LLC purchased a new stake in Gentherm during the fourth quarter worth approximately $50,000. Palladiem LLC acquired a new stake in shares of Gentherm in the fourth quarter worth $52,000. Finally, Nisa Investment Advisors LLC increased its position in shares of Gentherm by 21.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,994 shares of the auto parts company’s stock worth $73,000 after acquiring an additional 353 shares in the last quarter. 97.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on THRM shares. Freedom Capital downgraded shares of Gentherm from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. Stifel Nicolaus increased their price target on shares of Gentherm from $44.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Wall Street Zen upgraded shares of Gentherm from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 25th. JPMorgan Chase & Co. boosted their price objective on shares of Gentherm from $41.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Finally, Weiss Ratings upgraded Gentherm from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $45.80.

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.