Gentherm Incorporated (NASDAQ:THRM) SVP Thomas Stocker Sells 1,295 Shares

Gentherm Incorporated (NASDAQ:THRM) SVP Thomas Stocker sold 1,295 shares of Gentherm stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $42.98, for a total value of $55,659.10. Following the completion of the sale, the senior vice president now directly owns 13,413 shares in the company, valued at approximately $576,490.74. The trade was a 8.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Gentherm Stock Performance

NASDAQ THRM opened at $43.57 on Thursday. The company has a market cap of $1.35 billion, a P/E ratio of 20.36 and a beta of 1.42. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.38 and a current ratio of 2.02. The business’s 50 day moving average price is $42.41 and its 200-day moving average price is $47.40. Gentherm Incorporated has a fifty-two week low of $39.86 and a fifty-two week high of $62.93.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. Gentherm had a return on equity of 14.36% and a net margin of 4.61%. The company had revenue of $371.50 million during the quarter, compared to analysts’ expectations of $372.89 million. During the same quarter in the previous year, the business earned $0.64 EPS. Gentherm’s revenue was up 1.4% compared to the same quarter last year. Sell-side analysts predict that Gentherm Incorporated will post 2.71 earnings per share for the current year.

Analysts Set New Price Targets

THRM has been the topic of a number of research reports. Robert W. Baird reduced their price objective on Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Craig Hallum cut their target price on Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. raised Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 target price on the stock in a research report on Monday, October 21st.

Hedge Funds Weigh In On Gentherm

A number of large investors have recently bought and sold shares of the business. Hsbc Holdings PLC boosted its holdings in Gentherm by 3.5% during the 2nd quarter. Hsbc Holdings PLC now owns 6,834 shares of the auto parts company’s stock valued at $337,000 after acquiring an additional 229 shares during the period. MeadowBrook Investment Advisors LLC boosted its holdings in Gentherm by 8.4% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock valued at $156,000 after acquiring an additional 260 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Gentherm by 3.9% in the 3rd quarter. Captrust Financial Advisors now owns 8,296 shares of the auto parts company’s stock worth $386,000 after buying an additional 314 shares during the period. Quarry LP lifted its holdings in shares of Gentherm by 952.9% in the 3rd quarter. Quarry LP now owns 537 shares of the auto parts company’s stock worth $25,000 after buying an additional 486 shares during the period. Finally, Guinness Atkinson Asset Management Inc increased its stake in shares of Gentherm by 3.2% during the third quarter. Guinness Atkinson Asset Management Inc now owns 17,929 shares of the auto parts company’s stock valued at $835,000 after buying an additional 553 shares during the period. Hedge funds and other institutional investors 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.