Gentherm Incorporated (NASDAQ:THRM) CEO Sells $220,980.40 in Stock

Gentherm Incorporated (NASDAQ:THRM) CEO Phillip Eyler sold 4,402 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $50.20, for a total value of $220,980.40. Following the transaction, the chief executive officer now owns 147,317 shares of the company’s stock, valued at $7,395,313.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Phillip Eyler also recently made the following trade(s):

• On Tuesday, August 6th, Phillip Eyler sold 15,000 shares of Gentherm stock. The shares were sold at an average price of $50.03, for a total value of $750,450.00.
• On Thursday, July 11th, Phillip Eyler sold 15,000 shares of Gentherm stock. The stock was sold at an average price of $50.40, for a total value of $756,000.00.

Gentherm Stock Performance

NASDAQ:THRM opened at $48.57 on Friday. The company has a current ratio of 2.11, a quick ratio of 1.46 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average of $49.93 and a 200-day moving average of $51.36. Gentherm Incorporated has a twelve month low of $38.21 and a twelve month high of $62.93. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 33.27 and a beta of 1.43.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.04. Gentherm had a net margin of 4.61% and a return on equity of 14.03%. The firm had revenue of $375.70 million for the quarter, compared to analyst estimates of $375.82 million. During the same quarter in the previous year, the business posted $0.58 earnings per share. The firm’s quarterly revenue was up .9% compared to the same quarter last year. Analysts forecast that Gentherm Incorporated will post 2.81 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gentherm

A number of institutional investors and hedge funds have recently modified their holdings of THRM. Headlands Technologies LLC increased its stake in Gentherm by 86.1% in the 1st quarter. Headlands Technologies LLC now owns 523 shares of the auto parts company’s stock worth $30,000 after purchasing an additional 242 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Gentherm by 211.4% in the fourth quarter. Quadrant Capital Group LLC now owns 1,149 shares of the auto parts company’s stock worth $60,000 after buying an additional 780 shares during the period. TFO Wealth Partners LLC increased its position in shares of Gentherm by 44,050.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,766 shares of the auto parts company’s stock worth $92,000 after acquiring an additional 1,762 shares in the last quarter. Palouse Capital Management Inc. purchased a new stake in shares of Gentherm in the 2nd quarter valued at approximately $92,000. Finally, Hsbc Holdings PLC boosted its stake in Gentherm by 3.5% in the 2nd quarter. Hsbc Holdings PLC now owns 6,834 shares of the auto parts company’s stock worth $337,000 after purchasing an additional 229 shares during the period. 97.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Gentherm from $60.00 to $56.00 and set an “underweight” rating for the company in a research report on Monday, July 22nd. StockNews.com upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Finally, Robert W. Baird dropped their target price on Gentherm from $65.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, July 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Gentherm has a consensus rating of “Hold” and a consensus price target of $62.00.

About Gentherm

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.