Insider Selling: Gentherm Incorporated (NASDAQ:THRM) SVP Sells $55,659.10 in Stock

Gentherm Incorporated (NASDAQ:THRM) SVP Thomas Stocker sold 1,295 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $42.98, for a total value of $55,659.10. Following the sale, the senior vice president now owns 13,413 shares of the company’s stock, valued at approximately $576,490.74. This trade represents a 8.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Gentherm Price Performance

THRM stock opened at $41.74 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.02 and a quick ratio of 1.38. The business has a 50 day simple moving average of $42.42 and a 200-day simple moving average of $47.37. The firm has a market capitalization of $1.29 billion, a PE ratio of 19.50 and a beta of 1.42. Gentherm Incorporated has a 1 year low of $39.86 and a 1 year high of $62.93.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. The business had revenue of $371.50 million during the quarter, compared to analyst estimates of $372.89 million. Gentherm had a return on equity of 14.36% and a net margin of 4.61%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.64 earnings per share. Equities research analysts anticipate that Gentherm Incorporated will post 2.71 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in THRM. Nuance Investments LLC acquired a new position in Gentherm in the third quarter valued at approximately $16,754,000. Cerity Partners LLC lifted its holdings in Gentherm by 880.7% in the third quarter. Cerity Partners LLC now owns 188,683 shares of the auto parts company’s stock valued at $8,783,000 after acquiring an additional 169,443 shares during the last quarter. American Century Companies Inc. lifted its holdings in Gentherm by 119.4% in the second quarter. American Century Companies Inc. now owns 259,185 shares of the auto parts company’s stock valued at $12,783,000 after acquiring an additional 141,047 shares during the last quarter. Global Alpha Capital Management Ltd. lifted its holdings in Gentherm by 22.6% in the third quarter. Global Alpha Capital Management Ltd. now owns 632,673 shares of the auto parts company’s stock valued at $29,451,000 after acquiring an additional 116,500 shares during the last quarter. Finally, FMR LLC lifted its holdings in Gentherm by 26.8% in the third quarter. FMR LLC now owns 507,598 shares of the auto parts company’s stock valued at $23,629,000 after acquiring an additional 107,322 shares during the last quarter. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on THRM shares. Robert W. Baird cut their price objective on Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. JPMorgan Chase & Co. upgraded Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price objective for the company in a research note on Monday, October 21st. Finally, Craig Hallum cut their price objective on Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, October 31st.

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.