Gentherm (NASDAQ:THRM) Trading Up 3.5% on Insider Buying Activity

Gentherm Incorporated (NASDAQ:THRM - Get Free Report) shares rose 3.5% during mid-day trading on Tuesday after an insider bought additional shares in the company. The company traded as high as $25.41 and last traded at $25.57. Approximately 81,735 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 245,287 shares. The stock had previously closed at $24.69.

Specifically, CEO William T. Presley purchased 3,000 shares of the business's stock in a transaction that occurred on Friday, April 25th. The shares were purchased at an average price of $24.67 per share, for a total transaction of $74,010.00. Following the completion of the acquisition, the chief executive officer now owns 161,103 shares of the company's stock, valued at approximately $3,974,411.01. This represents a 1.90 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Analysts Set New Price Targets

Several research firms recently weighed in on THRM. JPMorgan Chase & Co. reduced their target price on shares of Gentherm from $56.00 to $51.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. Robert W. Baird upped their target price on Gentherm from $27.00 to $28.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Finally, StockNews.com downgraded Gentherm from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 26th.

Gentherm Price Performance

The business's fifty day simple moving average is $27.80 and its 200 day simple moving average is $35.80. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.38 and a current ratio of 2.01. The stock has a market cap of $818.72 million, a price-to-earnings ratio of 12.82 and a beta of 1.46.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers raised its stake in shares of Gentherm by 0.3% in the 4th quarter. Rhumbline Advisers now owns 90,758 shares of the auto parts company's stock valued at $3,623,000 after purchasing an additional 277 shares in the last quarter. Comerica Bank grew its position in shares of Gentherm by 1.4% in the 4th quarter. Comerica Bank now owns 21,012 shares of the auto parts company's stock worth $839,000 after acquiring an additional 300 shares in the last quarter. Signaturefd LLC raised its position in shares of Gentherm by 233.8% during the 4th quarter. Signaturefd LLC now owns 661 shares of the auto parts company's stock valued at $26,000 after acquiring an additional 463 shares in the last quarter. KBC Group NV lifted its stake in Gentherm by 82.2% during the fourth quarter. KBC Group NV now owns 1,822 shares of the auto parts company's stock worth $73,000 after purchasing an additional 822 shares during the last quarter. Finally, Barclays PLC boosted its holdings in Gentherm by 1.4% in the fourth quarter. Barclays PLC now owns 62,346 shares of the auto parts company's stock worth $2,489,000 after purchasing an additional 880 shares during the period. 97.13% of the stock is currently owned by institutional investors.

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.