Phillip Eyler Sells 15,000 Shares of Gentherm Incorporated (NASDAQ:THRM) Stock

Gentherm Incorporated (NASDAQ:THRM) CEO Phillip Eyler sold 15,000 shares of the business’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 completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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 Price Performance

Shares of THRM stock opened at $51.57 on Thursday. Gentherm Incorporated has a fifty-two week low of $38.21 and a fifty-two week high of $66.54. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.44 and a current ratio of 2.10. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 35.32 and a beta of 1.49. The stock’s 50-day simple moving average is $53.71 and its 200-day simple moving average is $50.38.

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Gentherm

A number of large investors have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new stake in Gentherm during the 3rd quarter valued at about $404,000. Raymond James & Associates boosted its position in Gentherm by 0.5% in 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. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Gentherm by 18.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,342 shares of the auto parts company’s stock worth $398,000 after buying an additional 1,154 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in Gentherm by 47.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 200,335 shares of the auto parts company’s stock worth $10,870,000 after buying an additional 64,352 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. lifted its stake in Gentherm by 0.6% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 153,236 shares of the auto parts company’s stock valued at $8,315,000 after acquiring an additional 860 shares during the period. 97.13% of the stock is owned by hedge funds and other institutional investors.

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.