Royal Bank of Canada Has $8.35 Million Stake in Gentherm Inc $THRM

Royal Bank of Canada trimmed its position in shares of Gentherm Inc (NASDAQ:THRM) by 20.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 300,421 shares of the auto parts company’s stock after selling 76,065 shares during the period. Royal Bank of Canada’s holdings in Gentherm were worth $8,346,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its stake in shares of Gentherm by 160.3% in the fourth 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 during the period. Los Angeles Capital Management LLC bought a new stake in Gentherm during the 4th quarter valued at approximately $35,000. Eagle Bay Advisors LLC bought a new stake in Gentherm during the 4th quarter valued at approximately $50,000. Palladiem LLC acquired a new stake in Gentherm in the 4th quarter valued at approximately $52,000. Finally, Tower Research Capital LLC TRC increased its position in Gentherm by 232.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,154 shares of the auto parts company’s stock worth $89,000 after buying an additional 2,204 shares during the period. 97.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Roth Capital reissued a “buy” rating and issued a $50.00 price objective on shares of Gentherm in a research report on Wednesday, July 29th. Wall Street Zen lowered shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. Freedom Capital lowered shares of Gentherm from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. Robert W. Baird increased their target price on shares of Gentherm from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Finally, Zacks Research raised Gentherm from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $45.80.

Insider Activity at Gentherm

In other news, SVP Wayne S. Kauffman III sold 4,700 shares of the company’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $43.21, for a total value of $203,087.00. Following the sale, the senior vice president owned 27,421 shares of the company’s stock, valued at approximately $1,184,861.41. This represents a 14.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.10% of the company’s stock.

Gentherm Price Performance

Gentherm stock opened at $41.52 on Tuesday. The business has a 50 day simple moving average of $37.38 and a 200 day simple moving average of $33.22. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.06 and a quick ratio of 1.49. The company has a market capitalization of $1.27 billion, a PE ratio of 47.72 and a beta of 1.35. Gentherm Inc has a one year low of $27.00 and a one year high of $48.35.

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

Gentherm declared that its board has approved a share buyback plan on Thursday, July 23rd that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the auto parts company to purchase up to 36.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

About Gentherm

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.