Deutsche Bank AG Makes New Investment in Gentherm Inc $THRM

Key Points

• Deutsche Bank acquired 37,998 Gentherm shares worth approximately $1.3 million, giving it a 0.12% stake. Institutional investors collectively own 97.13% of the company.
• Gentherm exceeded quarterly expectations, reporting EPS of $0.75 versus $0.56 expected and revenue of $404.9 million, up 11% year over year.
• The company authorized a $400 million share-repurchase program, covering up to 36.2% of outstanding shares. Analysts maintain a “Moderate Buy” consensus with an average price target of $45.80.

Deutsche Bank AG purchased a new stake in Gentherm Inc (NASDAQ:THRM - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 37,998 shares of the auto parts company's stock, valued at approximately $1,296,000. Deutsche Bank AG owned 0.12% of Gentherm as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Farther Finance Advisors LLC grew its position in shares of Gentherm by 160.3% in the 4th quarter. Farther Finance Advisors LLC now owns 812 shares of the auto parts company's stock valued at $30,000 after buying an additional 500 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in Gentherm in the fourth quarter valued at approximately $35,000. Palladiem LLC bought a new stake in Gentherm in the fourth quarter valued at approximately $52,000. Tower Research Capital LLC TRC increased its position in Gentherm by 232.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,154 shares of the auto parts company's stock valued at $89,000 after purchasing an additional 2,204 shares during the period. Finally, iSAM Funds UK Ltd acquired a new stake in Gentherm during the 3rd quarter valued at approximately $111,000. Institutional investors own 97.13% of the company's stock.

Gentherm Stock Down 2.1%

THRM stock opened at $39.54 on Friday. The stock's 50 day simple moving average is $38.76 and its 200 day simple moving average is $33.89. The company has a market cap of $1.22 billion, a P/E ratio of 45.45 and a beta of 1.35. 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 Inc has a fifty-two week low of $27.00 and a fifty-two week high of $48.35.

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

Gentherm declared that its Board of Directors has initiated a share repurchase plan on Thursday, July 23rd that allows the company to buyback $400.00 million in shares. This buyback authorization allows the auto parts company to repurchase up to 36.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

THRM has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of Gentherm from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 27th. Freedom Capital cut shares of Gentherm from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 24th. Weiss Ratings raised shares of Gentherm from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, July 29th. Wall Street Zen lowered shares of Gentherm from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 1st. Finally, JPMorgan Chase & Co. upped their price target 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. One investment 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 stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $45.80.

Insider Activity

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

Gentherm Company 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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