Barrow Hanley Mewhinney & Strauss LLC Purchases New Shares in Gentherm Inc $THRM

Key Points

• Barrow Hanley Mewhinney & Strauss LLC acquired 815,661 Gentherm shares, valued at approximately $27.8 million and representing a 2.66% stake. Institutional investors collectively owned 97.13% of the company.
• Gentherm reported quarterly EPS of $0.75, beating estimates of $0.56, while revenue reached $404.94 million and rose 11% year over year.
• The board authorized a $400 million stock repurchase program, allowing the company to buy back up to 36.2% of its outstanding shares; analysts maintained a “Moderate Buy” consensus with an average price target of $45.80.

Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Gentherm Inc (NASDAQ:THRM - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 815,661 shares of the auto parts company's stock, valued at approximately $27,822,000. Barrow Hanley Mewhinney & Strauss LLC owned about 2.66% of Gentherm at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Caxton Associates LLP grew its position in Gentherm by 4.7% in the 3rd quarter. Caxton Associates LLP now owns 8,294 shares of the auto parts company's stock worth $282,000 after purchasing an additional 372 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in Gentherm by 6.2% in the fourth quarter. Gamco Investors INC. ET AL now owns 8,500 shares of the auto parts company's stock valued at $309,000 after purchasing an additional 500 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Gentherm by 160.3% during the fourth quarter. Farther Finance Advisors LLC now owns 812 shares of the auto parts company's stock valued at $30,000 after purchasing an additional 500 shares during the period. Palouse Capital Management Inc. grew its stake in shares of Gentherm by 14.2% during the 2nd quarter. Palouse Capital Management Inc. now owns 4,822 shares of the auto parts company's stock worth $164,000 after acquiring an additional 600 shares during the period. Finally, Federation des caisses Desjardins du Quebec boosted its position in Gentherm by 1.5% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 40,940 shares of the auto parts company's stock worth $1,489,000 after purchasing an additional 600 shares during the period. Hedge funds and other institutional investors own 97.13% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Weiss Ratings upgraded Gentherm from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. raised their price objective on shares of Gentherm from $41.00 to $48.00 and gave the company a "neutral" rating in a research report on Friday, July 24th. Zacks Research raised Gentherm from a "hold" rating to a "strong-buy" rating in a report on Monday, July 27th. Freedom Capital lowered shares of Gentherm from a "strong-buy" rating to a "hold" rating in a report on Friday, July 24th. Finally, Wall Street Zen downgraded Gentherm from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Gentherm has an average 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 firm'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 transaction of $203,087.00. Following the completion of the transaction, the senior vice president owned 27,421 shares of the company's stock, valued at $1,184,861.41. This trade represents a 14.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.10% of the stock is owned by insiders.

Gentherm Stock Performance

Shares of THRM opened at $40.47 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.06 and a quick ratio of 1.49. Gentherm Inc has a one year low of $27.00 and a one year high of $48.35. The firm has a market capitalization of $1.24 billion, a PE ratio of 46.52 and a beta of 1.35. The company has a 50-day simple moving average of $38.35 and a two-hundred day simple moving average of $33.63.

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

Gentherm declared that its board has initiated a stock repurchase program on Thursday, July 23rd that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the auto parts company to buy up to 36.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued.

Gentherm Profile

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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