Gentherm Incorporated (NASDAQ:THRM) CEO Buys $74,010.00 in Stock

Gentherm Incorporated (NASDAQ:THRM - Get Free Report) CEO William T. Presley bought 3,000 shares of the company's stock in a transaction on Friday, April 25th. The shares were bought at an average cost of $24.67 per share, for a total transaction of $74,010.00. Following the transaction, the chief executive officer now owns 161,103 shares in the company, valued at $3,974,411.01. The trade was a 1.90 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Gentherm Stock Performance

Shares of THRM stock traded down $0.05 during trading hours on Monday, hitting $24.69. The company's stock had a trading volume of 647,956 shares, compared to its average volume of 245,822. The stock has a market cap of $760.18 million, a PE ratio of 11.93 and a beta of 1.46. Gentherm Incorporated has a 12-month low of $22.75 and a 12-month high of $56.72. The company has a 50 day moving average of $28.56 and a 200 day moving average of $36.33. The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.36.

Gentherm (NASDAQ:THRM - Get Free Report) last posted its earnings results on Thursday, April 24th. The auto parts company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. The company had revenue of $353.85 million during the quarter, compared to the consensus estimate of $347.39 million. Gentherm had a net margin of 4.46% and a return on equity of 11.43%. The firm's quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.62 earnings per share. On average, sell-side analysts forecast that Gentherm Incorporated will post 3.1 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on THRM shares. StockNews.com downgraded shares of Gentherm from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. lowered their price target on Gentherm from $56.00 to $51.00 and set a "neutral" rating for the company in a research report on Monday, January 27th. Finally, Robert W. Baird increased their price objective on Gentherm from $27.00 to $28.00 and gave the company a "neutral" rating in a report on Friday.

Institutional Trading of Gentherm

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its position in Gentherm by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 154,679 shares of the auto parts company's stock worth $4,136,000 after purchasing an additional 3,485 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Gentherm by 12.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,477 shares of the auto parts company's stock valued at $424,000 after purchasing an additional 1,676 shares during the period. Diversified Trust Co purchased a new stake in Gentherm during the first quarter worth $251,000. Oppenheimer Asset Management Inc. grew its position in Gentherm by 10.2% during the first quarter. Oppenheimer Asset Management Inc. now owns 19,616 shares of the auto parts company's stock valued at $525,000 after buying an additional 1,818 shares during the period. Finally, FNY Investment Advisers LLC purchased a new position in Gentherm in the first quarter valued at $26,000. 97.13% of the stock is owned by institutional investors and hedge funds.

Gentherm Company Profile

Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.

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