Gentherm Incorporated (NASDAQ:THRM) CEO Sells $772,050.00 in Stock

Gentherm Incorporated (NASDAQ:THRM) CEO Phillip Eyler sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $51.47, for a total transaction of $772,050.00. Following the sale, the chief executive officer now directly owns 147,317 shares of the company’s stock, valued at approximately $7,582,405.99. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Phillip Eyler also recently made the following trade(s):

• On Friday, April 5th, Phillip Eyler sold 15,000 shares of Gentherm stock. The shares were sold at an average price of $55.17, for a total value of $827,550.00.

Gentherm Trading Down 0.5 %

NASDAQ:THRM traded down $0.26 on Tuesday, reaching $50.79. 130,169 shares of the stock traded hands, compared to its average volume of 182,186. The company has a current ratio of 2.10, a quick ratio of 1.44 and a debt-to-equity ratio of 0.34. Gentherm Incorporated has a 1-year low of $38.21 and a 1-year high of $66.54. The company’s 50 day moving average is $53.95 and its 200-day moving average is $50.39. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 34.97 and a beta of 1.49.

Gentherm (NASDAQ:THRM) last released its earnings results on Tuesday, April 30th. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.19. Gentherm had a net margin of 3.23% and a return on equity of 13.56%. The business had revenue of $356.00 million for the quarter, compared to analyst estimates of $361.11 million. During the same quarter in the previous year, the business earned $0.49 earnings per share. Gentherm’s revenue for the quarter was down 2.1% on a year-over-year basis. Equities research analysts anticipate that Gentherm Incorporated will post 2.93 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Robert W. Baird reduced their price target on shares of Gentherm from $67.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. StockNews.com upgraded Gentherm from a “hold” rating to a “buy” rating in a research note on Thursday, February 22nd. Finally, JPMorgan Chase & Co. dropped their target price on Gentherm from $63.00 to $60.00 and set an “underweight” rating for the company in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $65.75.

Institutional Trading of Gentherm

Several large investors have recently made changes to their positions in THRM. PNC Financial Services Group Inc. boosted its holdings in Gentherm by 14.9% in the third quarter. PNC Financial Services Group Inc. now owns 2,123 shares of the auto parts company’s stock worth $115,000 after acquiring an additional 276 shares in the last quarter. Texas Permanent School Fund Corp grew its position in Gentherm by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 28,703 shares of the auto parts company’s stock valued at $1,653,000 after purchasing an additional 372 shares during the period. Bridge City Capital LLC increased its stake in Gentherm by 0.8% during the 1st quarter. Bridge City Capital LLC now owns 56,156 shares of the auto parts company’s stock valued at $3,233,000 after purchasing an additional 443 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Gentherm by 0.5% during the third quarter. Raymond James & Associates now owns 104,144 shares of the auto parts company’s stock valued at $5,651,000 after buying an additional 469 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of Gentherm by 0.7% in the third quarter. Swiss National Bank now owns 72,900 shares of the auto parts company’s stock valued at $3,956,000 after acquiring an additional 500 shares in the last quarter. 97.13% of the stock is currently owned by institutional investors and hedge funds.

About Gentherm

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.