36,299 Shares in Gentherm Inc $THRM Purchased by Empowered Funds LLC

Key Points

• Empowered Funds LLC acquired 36,299 Gentherm shares worth approximately $1.01 million, giving it a 0.12% stake. Institutional investors collectively own 97.13% of the company.
• Gentherm reported quarterly EPS of $0.75, beating estimates by $0.19, while revenue rose 11% year over year to $404.94 million.
• The board authorized a $400 million stock-repurchase program, allowing buybacks of up to 36.2% of outstanding shares. Analysts maintain a “Moderate Buy” consensus with an average price target of $45.80.

Empowered Funds LLC acquired a new position in shares of Gentherm Inc (NASDAQ:THRM - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 36,299 shares of the auto parts company's stock, valued at approximately $1,008,000. Empowered Funds LLC owned 0.12% of Gentherm at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of THRM. 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 acquiring an additional 500 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in Gentherm in the fourth quarter valued at about $35,000. Palladiem LLC purchased a new position in Gentherm in the fourth quarter valued at about $52,000. 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 purchasing an additional 2,204 shares during the last quarter. Finally, iSAM Funds UK Ltd acquired a new position in Gentherm in the 3rd quarter worth about $111,000. Hedge funds and other institutional investors own 97.13% of the company's stock.

Gentherm Stock Performance

THRM opened at $44.00 on Monday. The firm's fifty day moving average is $37.79 and its two-hundred day moving average is $33.38. The firm has a market cap of $1.35 billion, a PE ratio of 50.57 and a beta of 1.35. Gentherm Inc has a twelve month low of $27.00 and a twelve month high of $48.35. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.49 and a current ratio of 2.06.

Gentherm (NASDAQ:THRM - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.19. The company had revenue of $404.94 million during the quarter, compared to analyst estimates of $382.90 million. Gentherm had a net margin of 1.68% and a return on equity of 12.06%. The firm's revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 EPS. Equities research analysts anticipate that Gentherm Inc will post 2.92 EPS for the current year.

Gentherm announced that its Board of Directors has approved a stock repurchase program on Thursday, July 23rd that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the auto parts company to repurchase up to 36.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Robert W. Baird lifted their price target on Gentherm from $33.00 to $34.00 and gave the company a "neutral" rating in a report on Friday, April 24th. Stifel Nicolaus increased their price objective on Gentherm from $44.00 to $59.00 and gave the stock a "buy" rating in a report on Friday, July 24th. Weiss Ratings upgraded shares of Gentherm from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. increased their price target on shares of Gentherm from $41.00 to $48.00 and gave the stock a "neutral" rating in a research note on Friday, July 24th. Finally, Wall Street Zen downgraded shares of Gentherm from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Gentherm has a consensus rating of "Moderate Buy" and an average target price of $45.80.

Insider Buying and Selling at Gentherm

In related news, SVP Wayne S. Kauffman III sold 4,700 shares of the business's stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $43.21, for a total value of $203,087.00. Following the completion of the transaction, the senior vice president directly owned 27,421 shares in the company, valued at approximately $1,184,861.41. The trade was a 14.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.10% of the stock is owned by company insiders.

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.

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