12,376 Shares in Gentherm Inc $THRM Acquired by Odyssean LLC

Odyssean LLC bought a new stake in Gentherm Inc (NASDAQ:THRM) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 12,376 shares of the auto parts company’s stock, valued at approximately $422,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of Gentherm during the second quarter valued at about $165,005,000. Bessemer Group Inc. grew its position in Gentherm by 50.5% in the 1st quarter. Bessemer Group Inc. now owns 129,695 shares of the auto parts company’s stock valued at $3,603,000 after buying an additional 43,500 shares in the last quarter. Walleye Capital LLC acquired a new position in Gentherm during the 2nd quarter valued at about $802,000. Renaissance Technologies LLC raised its position in shares of Gentherm by 24.5% during the 1st quarter. Renaissance Technologies LLC now owns 271,464 shares of the auto parts company’s stock worth $7,541,000 after buying an additional 53,400 shares in the last quarter. Finally, Deutsche Bank AG bought a new stake in shares of Gentherm during the 2nd quarter worth about $1,296,000. Institutional investors own 97.13% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on THRM shares. Roth Capital reiterated a “buy” rating and issued a $50.00 price objective on shares of Gentherm in a report on Wednesday, July 29th. Weiss Ratings upgraded 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 research note on Friday, July 24th. JPMorgan Chase & Co. lifted their price target on Gentherm from $41.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Finally, Wall Street Zen downgraded Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $45.80.

Gentherm Trading Up 1.7%

Gentherm stock opened at $40.70 on Friday. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 46.78, a price-to-earnings-growth ratio of 0.93 and a beta of 1.34. Gentherm Inc has a 1 year low of $27.00 and a 1 year high of $48.35. The firm’s 50 day moving average price is $39.18 and its two-hundred day moving average price is $34.16. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.49 and a current ratio of 2.06.

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

Gentherm declared that its Board of Directors has approved a stock repurchase program on Thursday, July 23rd that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the auto parts company to purchase up to 36.2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Gentherm

In related news, SVP Wayne Kauffman, III sold 4,700 shares of the stock in a transaction 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 completion of the transaction, the senior vice president owned 27,421 shares in the company, valued at $1,184,861.41. This trade represents a 14.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.10% of the stock is owned by company insiders.

Gentherm Company Profile

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.