Thomas Stocker Sells 2,500 Shares of Gentherm Incorporated (NASDAQ:THRM) Stock

Gentherm Incorporated (NASDAQ:THRM – Get Rating) SVP Thomas Stocker sold 2,500 shares of Gentherm stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $70.06, for a total value of $175,150.00. Following the sale, the senior vice president now owns 9,410 shares of the company’s stock, valued at approximately $659,264.60. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of NASDAQ:THRM opened at $58.40 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 2.47. Gentherm Incorporated has a 1 year low of $57.79 and a 1 year high of $99.00. The stock has a market capitalization of $1.93 billion, a P/E ratio of 27.04 and a beta of 1.22. The stock has a 50-day simple moving average of $68.07 and a 200-day simple moving average of $77.73.

Gentherm (NASDAQ:THRM – Get Rating) last issued its earnings results on Wednesday, May 4th. The auto parts company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.06). Gentherm had a return on equity of 12.20% and a net margin of 7.05%. The firm had revenue of $267.70 million for the quarter, compared to analysts’ expectations of $254.31 million. During the same quarter in the previous year, the firm posted $1.04 EPS. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. Analysts predict that Gentherm Incorporated will post 2.61 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in THRM. Ellevest Inc. raised its position in shares of Gentherm by 3,314.3% in the 4th quarter. Ellevest Inc. now owns 717 shares of the auto parts company’s stock valued at $62,000 after purchasing an additional 696 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of Gentherm in the 4th quarter valued at approximately $65,000. Advisor Group Holdings Inc. raised its position in shares of Gentherm by 47.8% in the 3rd quarter. Advisor Group Holdings Inc. now owns 1,098 shares of the auto parts company’s stock valued at $89,000 after purchasing an additional 355 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Gentherm by 29.0% in the 1st quarter. SG Americas Securities LLC now owns 1,606 shares of the auto parts company’s stock valued at $117,000 after purchasing an additional 361 shares in the last quarter. Finally, Versor Investments LP acquired a new position in shares of Gentherm in the 4th quarter valued at approximately $200,000. 99.08% of the stock is currently owned by institutional investors.

A number of analysts recently commented on the company. TheStreet cut Gentherm from a “b” rating to a “c+” rating in a research report on Friday, May 20th. Roth Capital reiterated a “buy” rating on shares of Gentherm in a research report on Thursday, May 5th. Finally, StockNews.com started coverage on Gentherm in a research report on Thursday, March 31st. They set a “hold” rating for the company. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $101.20.

About Gentherm (Get Rating)

Gentherm Incorporated designs, develops, manufactures, and markets thermal management technologies. 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 that utilize proprietary electronics technology and software; and other climate comfort systems, including neck conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.

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