Moody National Bank Trust Division Purchases 16,871 Shares of Gentherm Inc $THRM

Moody National Bank Trust Division raised its holdings in shares of Gentherm Inc (NASDAQ:THRM) by 89.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,808 shares of the auto parts company’s stock after purchasing an additional 16,871 shares during the quarter. Moody National Bank Trust Division’s holdings in Gentherm were worth $1,221,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of THRM. Bessemer Group Inc. boosted its holdings in shares of Gentherm by 50.5% in the first quarter. Bessemer Group Inc. now owns 129,695 shares of the auto parts company’s stock worth $3,603,000 after acquiring an additional 43,500 shares during the period. Hillsdale Investment Management Inc. lifted its holdings in Gentherm by 639.3% during the 1st quarter. Hillsdale Investment Management Inc. now owns 206,446 shares of the auto parts company’s stock worth $5,735,000 after purchasing an additional 178,521 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Gentherm by 24.5% in the 1st quarter. Renaissance Technologies LLC now owns 271,464 shares of the auto parts company’s stock worth $7,541,000 after purchasing an additional 53,400 shares during the period. Royce & Associates LP purchased a new position in Gentherm during the 4th quarter valued at about $12,080,000. Finally, Bastion Asset Management Inc. bought a new stake in shares of Gentherm during the first quarter valued at about $6,213,000. Institutional investors own 97.13% of the company’s stock.

Insiders Place Their Bets

In other Gentherm news, SVP Wayne S. Kauffman III sold 4,700 shares of Gentherm stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $43.21, for a total transaction of $203,087.00. Following the completion of the sale, the senior vice president directly owned 27,421 shares in the company, valued at $1,184,861.41. The trade was a 14.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.10% of the stock is owned by corporate insiders.

Gentherm Stock Performance

NASDAQ:THRM opened at $41.67 on Thursday. The business’s 50-day moving average price is $37.02 and its two-hundred day moving average price is $33.13. Gentherm Inc has a twelve month low of $27.00 and a twelve month high of $48.35. The stock has a market cap of $1.28 billion, a P/E ratio of 47.90 and a beta of 1.35. The company has a quick ratio of 1.49, a current ratio of 2.06 and a debt-to-equity ratio of 0.38.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Thursday, July 23rd. The auto parts company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.56 by $0.19. Gentherm had a return on equity of 12.06% and a net margin of 1.68%.The company had revenue of $404.94 million during the quarter, compared to analyst estimates of $382.90 million. During the same quarter in the previous year, the firm earned $0.54 earnings per share. Gentherm’s revenue was up 11.0% on a year-over-year basis. As a group, equities analysts predict that Gentherm Inc will post 2.92 EPS for the current fiscal year.

Gentherm announced that its board has initiated a share repurchase program on Thursday, July 23rd that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the auto parts company to purchase up to 36.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on THRM. Robert W. Baird increased their price target on shares of Gentherm from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Roth Capital reaffirmed a “buy” rating and set a $50.00 price objective on shares of Gentherm in a research note on Wednesday, July 29th. Weiss Ratings raised shares of Gentherm from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. increased their target price on shares of Gentherm from $41.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Finally, Wall Street Zen downgraded shares of Gentherm from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.