Gentherm Incorporated (NASDAQ:THRM - Get Free Report) SVP Hui (Helen) Xu sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $42.00, for a total transaction of $105,000.00. Following the completion of the sale, the senior vice president now owns 18,947 shares of the company's stock, valued at approximately $795,774. The trade was a 11.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Gentherm Stock Down 0.1 %
Shares of NASDAQ THRM opened at $41.85 on Friday. The stock has a fifty day moving average price of $42.63 and a 200 day moving average price of $47.58. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34. Gentherm Incorporated has a 12-month low of $39.86 and a 12-month high of $62.93. The company has a market cap of $1.30 billion, a P/E ratio of 19.56 and a beta of 1.42.
Gentherm (NASDAQ:THRM - Get Free Report) last posted its 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 company's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.64 earnings per share. Research analysts anticipate that Gentherm Incorporated will post 2.71 EPS for the current fiscal year.
Institutional Trading of Gentherm
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Hedge funds have recently made changes to their positions in the company. Quarry LP increased its stake in Gentherm by 952.9% during the 3rd quarter. Quarry LP now owns 537 shares of the auto parts company's stock worth $25,000 after buying an additional 486 shares during the period. Gladius Capital Management LP purchased a new position in Gentherm in the third quarter valued at about $44,000. Headlands Technologies LLC grew its stake in Gentherm by 134.0% during the 2nd quarter. Headlands Technologies LLC now owns 1,224 shares of the auto parts company's stock valued at $60,000 after purchasing an additional 701 shares in the last quarter. Palouse Capital Management Inc. acquired a new position in shares of Gentherm in the 2nd quarter valued at approximately $92,000. Finally, MeadowBrook Investment Advisors LLC grew its position in shares of Gentherm by 8.4% during the third quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company's stock worth $156,000 after buying an additional 260 shares in the last quarter. Hedge funds and other institutional investors own 97.13% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on the stock. Craig Hallum lowered their price objective on shares of Gentherm from $85.00 to $65.00 and set a "buy" rating for the company in a research note on Thursday, October 31st. StockNews.com raised Gentherm from a "hold" rating to a "buy" rating in a research report on Friday, August 9th. Robert W. Baird cut their price objective on Gentherm from $54.00 to $50.00 and set a "neutral" rating on the stock in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. raised shares of Gentherm from an "underweight" rating to a "neutral" rating and set a $56.00 target price for the company in a research report on Monday, October 21st.
Read Our Latest Analysis on Gentherm
About Gentherm
(
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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.
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