Empowered Funds LLC Takes Position in Gentherm Inc $THRM

Key Points

• Empowered Funds LLC acquired 36,299 Gentherm shares worth approximately $1.01 million, representing 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 also authorized a $400 million share-repurchase plan, covering up to 36.2% of outstanding shares.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $45.80; the stock recently opened at $41.26, below its 52-week high of $48.35.

Empowered Funds LLC acquired a new stake in shares of Gentherm Inc (NASDAQ:THRM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in THRM. Caxton Associates LLP raised its stake in Gentherm by 4.7% during the 3rd quarter. Caxton Associates LLP now owns 8,294 shares of the auto parts company's stock valued at $282,000 after buying an additional 372 shares during the last quarter. Gamco Investors INC. ET AL increased its position in Gentherm by 6.2% during 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 acquiring an additional 500 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Gentherm by 160.3% in the fourth quarter. Farther Finance Advisors LLC now owns 812 shares of the auto parts company's stock valued at $30,000 after acquiring an additional 500 shares during the period. Federation des caisses Desjardins du Quebec lifted its holdings in Gentherm by 1.5% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 40,940 shares of the auto parts company's stock valued at $1,489,000 after acquiring an additional 600 shares during the period. Finally, Leonteq Securities AG boosted its position in Gentherm by 13.3% in the first quarter. Leonteq Securities AG now owns 5,289 shares of the auto parts company's stock worth $147,000 after purchasing an additional 621 shares during the last quarter. Hedge funds and other institutional investors own 97.13% of the company's stock.

Gentherm Price Performance

NASDAQ THRM opened at $41.26 on Monday. The stock's 50-day moving average price is $37.26 and its 200-day moving average price is $33.18. The company has a quick ratio of 1.49, a current ratio of 2.06 and a debt-to-equity ratio of 0.38. Gentherm Inc has a 52 week low of $27.00 and a 52 week high of $48.35. The company has a market capitalization of $1.27 billion, a P/E ratio of 47.43 and a beta of 1.35.

Gentherm (NASDAQ:THRM - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.19. The company 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 revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 EPS. On average, equities research analysts predict that Gentherm Inc will post 2.92 earnings per share for the current year.

Gentherm declared that its board has authorized a share repurchase plan on Thursday, July 23rd that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the auto parts company to buy up to 36.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.

Insiders Place Their Bets

In other Gentherm news, SVP Wayne S. Kauffman III sold 4,700 shares of the company's stock in a transaction that occurred 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 transaction, the senior vice president directly owned 27,421 shares in the company, valued at $1,184,861.41. This represents a 14.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Roth Capital reiterated a "buy" rating and issued a $50.00 price objective on shares of Gentherm in a research note on Wednesday, July 29th. Weiss Ratings upgraded shares of Gentherm from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, July 29th. Wall Street Zen cut shares of Gentherm from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 1st. Robert W. Baird increased their price target on shares of Gentherm from $33.00 to $34.00 and gave the stock a "neutral" rating in a research report on Friday, April 24th. Finally, JPMorgan Chase & Co. lifted 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. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $45.80.

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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