Gentherm (NASDAQ:THRM) Trading 3.5% Higher Following Insider Buying Activity

Gentherm Incorporated (NASDAQ:THRM) traded up 3.5% during trading on Tuesday after an insider bought additional shares in the company. The stock traded as high as $25.41 and last traded at $25.57. 81,735 shares traded hands during trading, a decline of 67% from the average session volume of 245,287 shares. The stock had previously closed at $24.69.

Specifically, CEO William T. Presley bought 3,000 shares of Gentherm stock in a transaction dated Friday, April 25th. The stock was bought at an average cost of $24.67 per share, for a total transaction of $74,010.00. Following the purchase, the chief executive officer now owns 161,103 shares of the company’s stock, valued at $3,974,411.01. The trade was a 1.90 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. StockNews.com cut Gentherm from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 26th. Robert W. Baird lifted their price objective on Gentherm from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Friday. Finally, JPMorgan Chase & Co. dropped their price objective on Gentherm from $56.00 to $51.00 and set a “neutral” rating for the company in a report on Monday, January 27th.

Gentherm Trading Up 4.2 %

The firm’s 50-day moving average is $28.39 and its 200 day moving average is $36.20. The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $792.20 million, a price-to-earnings ratio of 12.26 and a beta of 1.46.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $353.85 million for the quarter, compared to the consensus estimate of $347.39 million. Gentherm had a net margin of 4.46% and a return on equity of 11.43%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.62 EPS. On average, equities analysts predict that Gentherm Incorporated will post 3.1 earnings per share for the current fiscal year.

Institutional Trading of Gentherm

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Gentherm by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 3,667,551 shares of the auto parts company’s stock worth $146,427,000 after acquiring an additional 74,758 shares in the last quarter. Trigran Investments Inc. grew its stake in shares of Gentherm by 7.3% in the 4th quarter. Trigran Investments Inc. now owns 1,990,938 shares of the auto parts company’s stock worth $79,488,000 after acquiring an additional 135,458 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Gentherm by 5.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,217,681 shares of the auto parts company’s stock worth $48,616,000 after acquiring an additional 62,562 shares in the last quarter. Global Alpha Capital Management Ltd. boosted its holdings in shares of Gentherm by 23.8% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 782,983 shares of the auto parts company’s stock worth $31,261,000 after buying an additional 150,310 shares during the last quarter. Finally, Segall Bryant & Hamill LLC boosted its holdings in shares of Gentherm by 42.9% in the 4th quarter. Segall Bryant & Hamill LLC now owns 525,026 shares of the auto parts company’s stock worth $20,962,000 after buying an additional 157,544 shares during the last quarter. 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.