Moody National Bank Trust Division Purchases 16,871 Shares of Gentherm Inc $THRM

Moody National Bank Trust Division raised its position in Gentherm Inc (NASDAQ:THRM) by 89.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 35,808 shares of the auto parts company’s stock after acquiring an additional 16,871 shares during the period. Moody National Bank Trust Division owned approximately 0.12% of Gentherm worth $1,221,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its holdings in shares of Gentherm by 160.3% in the 4th quarter. Farther Finance Advisors LLC now owns 812 shares of the auto parts company’s stock worth $30,000 after purchasing an additional 500 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Gentherm during the 4th quarter valued at $35,000. Eagle Bay Advisors LLC bought a new stake in Gentherm during the 4th quarter valued at $50,000. Palladiem LLC acquired a new position in Gentherm during the fourth quarter worth $52,000. Finally, Nisa Investment Advisors LLC raised its holdings in Gentherm by 21.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,994 shares of the auto parts company’s stock worth $73,000 after buying an additional 353 shares during the last quarter. Institutional investors own 97.13% of the company’s stock.

Gentherm Price Performance

Gentherm stock opened at $41.67 on Thursday. The stock has a market cap of $1.28 billion, a P/E ratio of 47.90 and a beta of 1.35. The company has a quick ratio of 1.49, a current ratio of 2.06 and a debt-to-equity ratio of 0.38. The company’s 50 day moving average price is $37.02 and its two-hundred day moving average price is $33.13. Gentherm Inc has a 52 week low of $27.00 and a 52 week high of $48.35.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Thursday, July 23rd. The auto parts company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.19. The business had revenue of $404.94 million for the quarter, compared to analyst estimates of $382.90 million. Gentherm had a return on equity of 12.06% and a net margin of 1.68%.Gentherm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company posted $0.54 earnings per share. On average, equities analysts predict that Gentherm Inc will post 2.92 earnings per share for the current year.

Gentherm declared that its Board of Directors has authorized a stock repurchase plan on Thursday, July 23rd that permits the company to buyback $400.00 million in shares. This buyback authorization permits the auto parts company to purchase up to 36.2% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In related news, SVP Wayne S. Kauffman III sold 4,700 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $43.21, for a total transaction of $203,087.00. Following the completion of the sale, the senior vice president owned 27,421 shares in the company, valued at approximately $1,184,861.41. This trade represents a 14.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of Gentherm from $44.00 to $59.00 and gave the company a “buy” rating in a report on Friday, July 24th. Zacks Research upgraded shares of Gentherm from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Weiss Ratings raised shares of Gentherm from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 29th. Robert W. Baird lifted their price target on Gentherm from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Finally, Freedom Capital lowered Gentherm from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Gentherm presently has a consensus rating of “Moderate Buy” and an average target price of $45.80.

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.