Gentherm (NASDAQ:THRM) Stock Price Up 3.5% After Insider Buying Activity

Gentherm Incorporated (NASDAQ:THRM) was up 3.5% on Tuesday following insider buying activity. The stock traded as high as $25.41 and last traded at $25.57. Approximately 81,735 shares changed hands during trading, a decline of 67% from the average daily volume of 245,287 shares. The stock had previously closed at $24.69.

Specifically, CEO William T. Presley bought 3,000 shares of the company’s stock in a transaction dated Friday, April 25th. The shares were acquired at an average price of $24.67 per share, for a total transaction of $74,010.00. Following the completion of the transaction, the chief executive officer now directly owns 161,103 shares in the company, valued at $3,974,411.01. This trade represents a 1.90 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Wall Street Analyst Weigh In

Several research firms recently issued reports on THRM. StockNews.com cut Gentherm from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. dropped their price target on Gentherm from $56.00 to $51.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Finally, Robert W. Baird lifted their target price on shares of Gentherm from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday, April 25th.

Gentherm Stock Performance

The firm has a fifty day moving average of $28.24 and a 200 day moving average of $36.13. The stock has a market cap of $793.12 million, a price-to-earnings ratio of 12.44 and a beta of 1.46. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.38.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The business had revenue of $353.85 million for the quarter, compared to analyst estimates of $347.39 million. During the same quarter in the previous year, the firm earned $0.62 EPS. The company’s quarterly revenue was down .6% compared to the same quarter last year. As a group, sell-side analysts forecast that Gentherm Incorporated will post 3.1 EPS for the current year.

Institutional Trading of Gentherm

Hedge funds have recently made changes to their positions in the company. Barclays PLC lifted its holdings in Gentherm by 234.8% in the third quarter. Barclays PLC now owns 61,466 shares of the auto parts company’s stock valued at $2,861,000 after acquiring an additional 43,108 shares during the last quarter. JPMorgan Chase & Co. raised its position in Gentherm by 46.0% in the third quarter. JPMorgan Chase & Co. now owns 67,831 shares of the auto parts company’s stock valued at $3,158,000 after purchasing an additional 21,376 shares during the period. Global Alpha Capital Management Ltd. lifted its stake in shares of Gentherm by 23.8% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 782,983 shares of the auto parts company’s stock valued at $31,261,000 after purchasing an additional 150,310 shares during the last quarter. Amundi grew its holdings in shares of Gentherm by 185.5% during the 4th quarter. Amundi now owns 15,143 shares of the auto parts company’s stock worth $595,000 after purchasing an additional 9,839 shares during the period. Finally, Invesco Ltd. increased its position in shares of Gentherm by 16.8% during the 4th quarter. Invesco Ltd. now owns 238,975 shares of the auto parts company’s stock worth $9,541,000 after purchasing an additional 34,353 shares during the last quarter. Hedge funds and other institutional investors own 97.13% of the company’s stock.

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.