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

Gentherm Incorporated (NASDAQ:THRM) CEO Phillip Eyler sold 15,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $51.47, for a total transaction of $772,050.00. Following the transaction, the chief executive officer now directly owns 147,317 shares of the company’s stock, valued at approximately $7,582,405.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Phillip Eyler also recently made the following trade(s):

• On Friday, April 5th, Phillip Eyler sold 15,000 shares of Gentherm stock. The stock was sold at an average price of $55.17, for a total transaction of $827,550.00.

Gentherm Price Performance

Shares of Gentherm stock opened at $50.79 on Wednesday. The company has a current ratio of 2.10, a quick ratio of 1.44 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 34.79 and a beta of 1.49. Gentherm Incorporated has a 1-year low of $38.21 and a 1-year high of $66.54. The firm’s 50-day moving average price is $53.82 and its two-hundred day moving average price is $50.37.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Tuesday, April 30th. The auto parts company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.19. The firm had revenue of $356.00 million for the quarter, compared to analysts’ expectations of $361.11 million. Gentherm had a net margin of 3.23% and a return on equity of 13.56%. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 earnings per share. On average, equities analysts predict that Gentherm Incorporated will post 2.93 earnings per share for the current fiscal year.

Institutional Trading of Gentherm

Large investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its stake in shares of Gentherm by 25.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 175,591 shares of the auto parts company’s stock valued at $9,194,000 after purchasing an additional 35,854 shares during the last quarter. Bridge City Capital LLC grew its stake in shares of Gentherm by 40.6% during the third quarter. Bridge City Capital LLC now owns 40,039 shares of the auto parts company’s stock valued at $2,173,000 after purchasing an additional 11,555 shares during the last quarter. Trigran Investments Inc. grew its stake in shares of Gentherm by 6.1% during the third quarter. Trigran Investments Inc. now owns 1,704,687 shares of the auto parts company’s stock valued at $92,496,000 after purchasing an additional 97,293 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Gentherm by 127.1% during the third quarter. Envestnet Asset Management Inc. now owns 169,381 shares of the auto parts company’s stock valued at $9,191,000 after purchasing an additional 94,809 shares during the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of Gentherm by 107.4% during the third quarter. Hsbc Holdings PLC now owns 10,513 shares of the auto parts company’s stock valued at $576,000 after purchasing an additional 5,443 shares during the last quarter. 97.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

THRM has been the subject of several recent research reports. Robert W. Baird dropped their price target on shares of Gentherm from $67.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. JPMorgan Chase & Co. dropped their price target on shares of Gentherm from $63.00 to $60.00 and set an “underweight” rating for the company in a research report on Monday, April 22nd. Finally, StockNews.com raised shares of Gentherm from a “hold” rating to a “buy” rating in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Gentherm has a consensus rating of “Hold” and an average price target of $65.75.

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.