Gentherm Incorporated (NASDAQ:THRM) CEO Sells $772,050.00 in Stock

Gentherm Incorporated (NASDAQ:THRM) CEO Phillip Eyler sold 15,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $51.47, for a total transaction of $772,050.00. Following the completion of the sale, the chief executive officer now directly owns 147,317 shares of the company’s stock, valued at $7,582,405.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, April 5th, Phillip Eyler sold 15,000 shares of Gentherm stock. The shares were sold at an average price of $55.17, for a total value of $827,550.00.

Gentherm Stock Performance

Shares of THRM stock opened at $51.57 on Thursday. The company has a current ratio of 2.10, a quick ratio of 1.44 and a debt-to-equity ratio of 0.34. The stock has a 50 day simple moving average of $53.71 and a 200-day simple moving average of $50.38. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 35.32 and a beta of 1.49. Gentherm Incorporated has a 12-month low of $38.21 and a 12-month high of $66.54.

Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Tuesday, April 30th. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.19. The firm had revenue of $356.00 million during the quarter, compared to analysts’ expectations of $361.11 million. Gentherm had a return on equity of 13.56% and a net margin of 3.23%. Gentherm’s revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.49 earnings per share. On average, equities analysts forecast that Gentherm Incorporated will post 2.93 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on THRM. JPMorgan Chase & Co. lowered their target price on Gentherm from $63.00 to $60.00 and set an “underweight” rating on the stock in a research note on Monday, April 22nd. StockNews.com upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a research report on Thursday, February 22nd. Finally, Robert W. Baird cut their price objective on shares of Gentherm from $67.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Gentherm presently has an average rating of “Hold” and an average target price of $65.75.

Institutional Trading of Gentherm

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. increased its holdings in Gentherm by 25.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 175,591 shares of the auto parts company’s stock valued at $9,194,000 after buying an additional 35,854 shares in the last quarter. Bridge City Capital LLC raised its holdings in Gentherm by 40.6% during the third quarter. Bridge City Capital LLC now owns 40,039 shares of the auto parts company’s stock worth $2,173,000 after purchasing an additional 11,555 shares during the last quarter. Trigran Investments Inc. boosted its position in Gentherm by 6.1% during the third quarter. Trigran Investments Inc. now owns 1,704,687 shares of the auto parts company’s stock worth $92,496,000 after purchasing an additional 97,293 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Gentherm by 127.1% in the third quarter. Envestnet Asset Management Inc. now owns 169,381 shares of the auto parts company’s stock valued at $9,191,000 after purchasing an additional 94,809 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of Gentherm by 107.4% in the third quarter. Hsbc Holdings PLC now owns 10,513 shares of the auto parts company’s stock valued at $576,000 after buying an additional 5,443 shares in the last quarter. Institutional investors and hedge funds 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.