William T. Presley Purchases 3,000 Shares of Gentherm Incorporated (NASDAQ:THRM) Stock

Gentherm Incorporated (NASDAQ:THRM - Get Free Report) CEO William T. Presley acquired 3,000 shares of the business's stock in a transaction on Friday, April 25th. The shares were purchased at an average price of $24.67 per share, with a total value of $74,010.00. Following the completion of the purchase, the chief executive officer now owns 161,103 shares in the company, valued at $3,974,411.01. This represents a 1.90 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Gentherm Trading Up 0.5 %

NASDAQ:THRM traded up $0.13 during trading hours on Friday, hitting $26.53. The company had a trading volume of 387,429 shares, compared to its average volume of 250,422. Gentherm Incorporated has a 1 year low of $22.75 and a 1 year high of $56.68. The company has a market cap of $818.72 million, a P/E ratio of 12.82 and a beta of 1.46. The company has a 50-day moving average of $27.80 and a 200 day moving average of $35.80. 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 released its quarterly earnings data on Thursday, April 24th. The auto parts company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. The firm had revenue of $353.85 million during the quarter, compared to analysts' expectations of $347.39 million. Gentherm had a net margin of 4.46% and a return on equity of 11.43%. Gentherm's revenue was down .6% compared to the same quarter last year. During the same period last year, the business earned $0.62 earnings per share. Sell-side analysts expect that Gentherm Incorporated will post 3.1 earnings per share for the current year.

Institutional Investors Weigh In On Gentherm

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cerity Partners LLC increased its position in shares of Gentherm by 89.9% during the 1st quarter. Cerity Partners LLC now owns 52,505 shares of the auto parts company's stock worth $1,404,000 after purchasing an additional 24,857 shares during the last quarter. Linden Thomas Advisory Services LLC increased its position in shares of Gentherm by 17.0% during the first quarter. Linden Thomas Advisory Services LLC now owns 17,258 shares of the auto parts company's stock valued at $461,000 after acquiring an additional 2,512 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Gentherm by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 154,679 shares of the auto parts company's stock valued at $4,136,000 after acquiring an additional 3,485 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings 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 worth $424,000 after acquiring an additional 1,676 shares during the last quarter. Finally, Diversified Trust Co purchased a new position in shares of Gentherm during the 1st quarter worth approximately $251,000. Hedge funds and other institutional investors own 97.13% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on THRM shares. StockNews.com lowered shares of Gentherm from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 26th. Robert W. Baird boosted their price target on shares of Gentherm from $27.00 to $28.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Gentherm from $56.00 to $51.00 and set a "neutral" rating for the company in a report on Monday, January 27th.

About Gentherm

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.