Gentherm (NASDAQ:THRM) Director Buys $532,600.00 in Stock

Key Points

• Gentherm director Paul Anthony Mascarenas purchased 20,000 shares at an average price of $26.63, investing $532,600 and increasing his direct ownership by 747.1% to 22,677 shares.
• Gentherm’s latest quarterly results fell short on earnings, reporting $0.33 EPS versus the $0.64 consensus, although revenue rose 4.7% year over year to $405.1 million.
• The company has authorized a $400 million share buyback and recently paid a special $1.90 dividend. Analysts’ consensus rating is “Hold,” with an average price target of $44.17 versus the stock’s reported $28.59 price.

Gentherm Inc (NASDAQ:THRM - Get Free Report) Director Paul Anthony Mascarenas bought 20,000 shares of the business's stock in a transaction on Friday, October 23rd. The stock was bought at an average cost of $26.63 per share, with a total value of $532,600.00. Following the completion of the purchase, the director directly owned 22,677 shares in the company, valued at approximately $603,888.51. The trade was a 747.10% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Gentherm Trading Down 0.0%

Shares of THRM stock traded down $0.01 on Monday, hitting $28.59. 2,439,104 shares of the stock traded hands, compared to its average volume of 2,663,726. The firm's 50-day moving average price is $35.33 and its two-hundred day moving average price is $34.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.47 and a current ratio of 2.05. The stock has a market capitalization of $878.86 million, a PE ratio of 11.87, a PEG ratio of 0.66 and a beta of 1.37. Gentherm Inc has a twelve month low of $25.31 and a twelve month high of $48.35.

Gentherm (NASDAQ:THRM - Get Free Report) last announced its quarterly earnings data on Thursday, October 22nd. The auto parts company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.31). Gentherm had a net margin of 0.57% and a return on equity of 10.30%. The firm had revenue of $405.10 million during the quarter, compared to analysts' expectations of $404.16 million. During the same period in the prior year, the company posted $0.73 EPS. The company's revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, analysts anticipate that Gentherm Inc will post 2.89 EPS for the current year.

Gentherm announced that its board has approved a share buyback plan on Thursday, July 23rd that allows the company to buy back $400 million in outstanding shares. This repurchase authorization allows the auto parts company to repurchase up to 36.2% of its shares through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Gentherm Dividend Announcement

The firm also recently announced a special dividend, which was paid on Wednesday, October 7th. Shareholders of record on Monday, September 28th were given a $1.90 dividend.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in THRM. BlackRock Inc. purchased a new position in Gentherm in the 2nd quarter valued at approximately $165,005,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Gentherm during the 2nd quarter worth approximately $27,822,000. Bank of America Corp DE purchased a new stake in shares of Gentherm in the 2nd quarter valued at approximately $9,986,000. Bank of New York Mellon Corp purchased a new stake in shares of Gentherm in the 2nd quarter valued at approximately $7,180,000. Finally, Bastion Asset Management Inc. acquired a new stake in shares of Gentherm in the 1st quarter valued at $6,213,000. Institutional investors and hedge funds own 97.13% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on THRM shares. Wall Street Zen lowered shares of Gentherm from a "buy" rating to a "hold" rating in a report on Saturday. Stifel Nicolaus decreased their target price on shares of Gentherm from $48.00 to $46.00 and set a "buy" rating on the stock in a research report on Friday. Weiss Ratings raised shares of Gentherm from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, July 29th. Roth Capital reiterated a "buy" rating and set a $50.00 price target on shares of Gentherm in a research report on Wednesday, July 29th. Finally, Freedom Capital cut shares of Gentherm from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 24th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Gentherm currently has an average rating of "Hold" and a consensus target price of $44.17.

About Gentherm

Gentherm Incorporated NASDAQ: THRM develops and manufactures thermal management and comfort technologies for the automotive and medical industries. The company's automotive products include heated and cooled seating systems, climate-controlled seats, heated steering wheels, seat ventilation, and other technologies designed to improve passenger comfort and manage temperature.

Gentherm also provides battery thermal management systems and related technologies that support the performance, efficiency, and safety of electrified vehicles.

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