Gentherm Incorporated (NASDAQ:THRM) CEO Phillip Eyler Sells 4,402 Shares

Gentherm Incorporated (NASDAQ:THRM) CEO Phillip Eyler sold 4,402 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $50.20, for a total value of $220,980.40. Following the completion of the transaction, the chief executive officer now owns 147,317 shares in the company, valued at approximately $7,395,313.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Tuesday, August 6th, Phillip Eyler sold 15,000 shares of Gentherm stock. The shares were sold at an average price of $50.03, for a total transaction of $750,450.00.
• On Thursday, July 11th, Phillip Eyler sold 15,000 shares of Gentherm stock. The shares were sold at an average price of $50.40, for a total transaction of $756,000.00.

Gentherm Stock Down 4.4 %

THRM opened at $48.57 on Friday. The firm has a market cap of $1.54 billion, a P/E ratio of 33.27 and a beta of 1.43. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.46 and a current ratio of 2.11. The business has a 50 day moving average price of $49.93 and a 200 day moving average price of $51.36. Gentherm Incorporated has a twelve month low of $38.21 and a twelve month high of $62.93.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.04. The business had revenue of $375.70 million during the quarter, compared to the consensus estimate of $375.82 million. Gentherm had a net margin of 4.61% and a return on equity of 14.03%. Gentherm’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 EPS. Research analysts forecast that Gentherm Incorporated will post 2.81 EPS for the current year.

Institutional Investors Weigh In On Gentherm

Hedge funds and other institutional investors have recently made changes to their positions in the business. Creative Planning grew its holdings in Gentherm by 49.9% in the 2nd quarter. Creative Planning now owns 8,732 shares of the auto parts company’s stock valued at $431,000 after buying an additional 2,905 shares during the last quarter. Disciplined Growth Investors Inc. MN boosted its position in shares of Gentherm by 0.7% in the second quarter. Disciplined Growth Investors Inc. MN now owns 1,146,620 shares of the auto parts company’s stock valued at $56,551,000 after acquiring an additional 8,049 shares during the period. Susquehanna Fundamental Investments LLC grew its stake in shares of Gentherm by 5.3% in the second quarter. Susquehanna Fundamental Investments LLC now owns 19,908 shares of the auto parts company’s stock worth $982,000 after acquiring an additional 1,000 shares during the last quarter. Public Sector Pension Investment Board increased its position in Gentherm by 3.6% during the second quarter. Public Sector Pension Investment Board now owns 69,670 shares of the auto parts company’s stock worth $3,436,000 after acquiring an additional 2,442 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its stake in Gentherm by 1.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 951,798 shares of the auto parts company’s stock valued at $46,943,000 after purchasing an additional 10,402 shares during the last quarter. 97.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Robert W. Baird reduced their price objective on Gentherm from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. JPMorgan Chase & Co. lowered their price target on Gentherm from $60.00 to $56.00 and set an “underweight” rating for the company in a research note on Monday, July 22nd. Finally, StockNews.com upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $62.00.

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.