Insider Buying: Gentherm (NASDAQ:THRM) Director Acquires 20,000 Shares of Company Stock

Gentherm Inc (NASDAQ:THRM) Director Paul Anthony Mascarenas purchased 20,000 shares of the firm’s stock in a transaction on Friday, October 23rd. The shares were acquired at an average cost of $26.63 per share, with a total value of $532,600.00. Following the completion of the acquisition, the director directly owned 22,677 shares in the company, valued at $603,888.51. The trade was a 747.10% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Gentherm Stock Down 0.0%

Shares of NASDAQ:THRM traded down $0.01 on Monday, hitting $28.59. 2,439,104 shares of the company’s stock were exchanged, compared to its average volume of 2,663,726. Gentherm Inc has a 1-year low of $25.31 and a 1-year high of $48.35. The company has a market capitalization of $878.86 million, a PE ratio of 11.87, a P/E/G ratio of 0.66 and a beta of 1.37. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.47 and a current ratio of 2.05. The firm’s 50-day moving average is $35.33 and its 200 day moving average is $34.16.

Gentherm (NASDAQ:THRM) last issued its earnings results on Thursday, October 22nd. The auto parts company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.31). The business had revenue of $405.10 million for the quarter, compared to analyst estimates of $404.16 million. Gentherm had a return on equity of 10.30% and a net margin of 0.57%. Gentherm’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the business posted $0.73 EPS. Sell-side analysts predict that Gentherm Inc will post 2.89 EPS for the current year.

Gentherm Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Wednesday, October 7th. Shareholders of record on Monday, September 28th were issued a dividend of $1.90 per share.

Gentherm announced that its board has authorized a share repurchase program on Thursday, July 23rd that authorizes the company to buy back $400 million in outstanding shares. This buyback authorization authorizes the auto parts company to buy up to 36.2% of its shares through open market purchases. Share buyback programs are often a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages have recently issued reports on THRM. Zacks Research cut shares of Gentherm from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Weiss Ratings upgraded shares of Gentherm from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 29th. Stifel Nicolaus reduced their price target on shares of Gentherm from $48.00 to $46.00 and set a “buy” rating for the company in a research report on Friday. JPMorgan Chase & Co. decreased their price objective on shares of Gentherm from $48.00 to $47.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Wall Street Zen lowered Gentherm from a “buy” rating to a “hold” rating in a report on Saturday. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $44.17.

Institutional Investors Weigh In On Gentherm

Several large investors have recently modified their holdings of THRM. Viking Fund Management LLC purchased a new position in shares of Gentherm during the third quarter worth approximately $266,000. Moody National Bank Trust Division increased its holdings in shares of Gentherm by 8.3% in the 3rd quarter. Moody National Bank Trust Division now owns 38,780 shares of the auto parts company’s stock valued at $1,291,000 after acquiring an additional 2,972 shares during the period. Tidal Investments LLC raised its position in Gentherm by 9.4% in the 2nd quarter. Tidal Investments LLC now owns 23,651 shares of the auto parts company’s stock valued at $807,000 after purchasing an additional 2,030 shares during the last quarter. Engineers Gate Manager LP raised its position in Gentherm by 95.0% in the 2nd quarter. Engineers Gate Manager LP now owns 17,200 shares of the auto parts company’s stock valued at $587,000 after purchasing an additional 8,380 shares during the last quarter. Finally, Corient Private Wealth LP raised its position in Gentherm by 43.4% in the 2nd quarter. Corient Private Wealth LP now owns 11,780 shares of the auto parts company’s stock valued at $402,000 after purchasing an additional 3,565 shares during the last quarter. 97.13% of the stock is owned by institutional investors and hedge funds.

Gentherm Company Profile

Gentherm Incorporated (NASDAQ: THRM) develops and manufactures thermal management and comfort technologies for the automotive and medical industries. The company’s automotive products include heated and cooled seating systems, climate-controlled seats, heated steering wheels, seat ventilation, and other technologies designed to improve passenger comfort and manage temperature.

Gentherm also provides battery thermal management systems and related technologies that support the performance, efficiency, and safety of electrified vehicles.