Man Group plc Takes Position in Gentherm Inc $THRM

Man Group plc bought a new stake in Gentherm Inc (NASDAQ:THRM) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 146,465 shares of the auto parts company’s stock, valued at approximately $4,996,000.

Several other large investors also recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its position in Gentherm by 160.3% during the fourth quarter. Farther Finance Advisors LLC now owns 812 shares of the auto parts company’s stock valued at $30,000 after purchasing an additional 500 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Gentherm during the 2nd quarter valued at about $30,000. Los Angeles Capital Management LLC purchased a new stake in shares of Gentherm during the 4th quarter valued at about $35,000. Allworth Financial LP bought a new position in shares of Gentherm in the 2nd quarter valued at about $37,000. Finally, Palladiem LLC purchased a new position in Gentherm in the fourth quarter worth about $52,000. Institutional investors own 97.13% of the company’s stock.

Gentherm Stock Performance

Shares of NASDAQ:THRM opened at $39.54 on Monday. The company has a current ratio of 2.06, a quick ratio of 1.49 and a debt-to-equity ratio of 0.38. Gentherm Inc has a 12 month low of $27.00 and a 12 month high of $48.35. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 45.45 and a beta of 1.35. The firm’s 50-day moving average is $38.76 and its 200 day moving average is $33.91.

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

Gentherm announced that its board has authorized a share repurchase program on Thursday, July 23rd that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the auto parts company to buy up to 36.2% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Gentherm

In other news, SVP Wayne S. Kauffman III sold 4,700 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $43.21, for a total value of $203,087.00. Following the sale, the senior vice president directly owned 27,421 shares in the company, valued at approximately $1,184,861.41. This represents a 14.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on THRM shares. JPMorgan Chase & Co. upped their price objective on Gentherm from $41.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Roth Capital reiterated a “buy” rating and issued a $50.00 target price on shares of Gentherm in a report on Wednesday, July 29th. Weiss Ratings raised Gentherm from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 29th. Stifel Nicolaus increased their price target on Gentherm from $44.00 to $59.00 and gave the company a “buy” rating in a report on Friday, July 24th. Finally, Freedom Capital downgraded Gentherm from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Gentherm has a consensus rating of “Moderate Buy” and an average 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.