Gentherm Incorporated (NASDAQ:THRM) CEO Phillip Eyler Sells 15,000 Shares

Gentherm Incorporated (NASDAQ:THRM - Get Free Report) CEO Phillip Eyler sold 15,000 shares of the company's stock in a transaction on Friday, April 5th. The shares were sold at an average price of $55.17, for a total value of $827,550.00. Following the completion of the transaction, the chief executive officer now directly owns 147,317 shares in the company, valued at approximately $8,127,478.89. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Gentherm Stock Up 0.9 %

NASDAQ THRM traded up $0.49 during trading hours on Monday, hitting $55.21. 106,631 shares of the company were exchanged, compared to its average volume of 189,093. The company has a 50 day moving average of $53.73 and a two-hundred day moving average of $50.83. The company has a quick ratio of 1.48, a current ratio of 2.12 and a debt-to-equity ratio of 0.34. Gentherm Incorporated has a 52-week low of $38.21 and a 52-week high of $66.54. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 44.89 and a beta of 1.49.

Gentherm (NASDAQ:THRM - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The auto parts company reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.36. Gentherm had a return on equity of 12.91% and a net margin of 2.75%. The business had revenue of $366.93 million for the quarter, compared to the consensus estimate of $364.40 million. During the same quarter in the prior year, the business posted $0.47 EPS. The business's revenue for the quarter was up 6.9% on a year-over-year basis. Equities research analysts anticipate that Gentherm Incorporated will post 2.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on THRM. JPMorgan Chase & Co. boosted their price objective on Gentherm from $58.00 to $63.00 and gave the company an "underweight" rating in a report on Friday, February 23rd. Robert W. Baird upped their price target on Gentherm from $60.00 to $66.00 and gave the stock a "neutral" rating in a report on Thursday, February 22nd. Finally, StockNews.com upgraded Gentherm from a "hold" rating to a "buy" rating in a report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $66.75.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in THRM. US Bancorp DE increased its holdings in shares of Gentherm by 9.8% in the 1st quarter. US Bancorp DE now owns 2,805 shares of the auto parts company's stock valued at $206,000 after acquiring an additional 251 shares during the last quarter. Citigroup Inc. boosted its position in shares of Gentherm by 1.7% in the 1st quarter. Citigroup Inc. now owns 34,448 shares of the auto parts company's stock valued at $2,517,000 after purchasing an additional 585 shares during the period. MetLife Investment Management LLC boosted its position in shares of Gentherm by 57.2% in the 1st quarter. MetLife Investment Management LLC now owns 18,091 shares of the auto parts company's stock valued at $1,321,000 after purchasing an additional 6,586 shares during the period. Rhumbline Advisers boosted its position in shares of Gentherm by 4.9% in the 1st quarter. Rhumbline Advisers now owns 84,868 shares of the auto parts company's stock valued at $6,199,000 after purchasing an additional 4,000 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Gentherm by 14.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 28,647 shares of the auto parts company's stock valued at $2,092,000 after purchasing an additional 3,532 shares during the period. Hedge funds and other institutional investors own 97.13% of the company's stock.

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.