Gentherm Inc (THRM) VP Sells $386,820.00 in Stock

Gentherm Inc (NASDAQ:THRM) VP Kenneth John Phillips sold 9,000 shares of the company’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $42.98, for a total transaction of $386,820.00. Following the transaction, the vice president now owns 38,677 shares in the company, valued at $1,662,337.46. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of NASDAQ:THRM opened at $42.89 on Friday. The company has a market capitalization of $1.44 billion, a P/E ratio of 20.23 and a beta of 1.26. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.88 and a current ratio of 2.53. Gentherm Inc has a fifty-two week low of $30.45 and a fifty-two week high of $50.30.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings results on Thursday, February 21st. The auto parts company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.08). The firm had revenue of $253.65 million during the quarter, compared to analyst estimates of $266.86 million. Gentherm had a net margin of 4.04% and a return on equity of 13.83%. The business’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 earnings per share. On average, analysts forecast that Gentherm Inc will post 2.08 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in THRM. Karp Capital Management Corp acquired a new stake in shares of Gentherm in the 4th quarter valued at approximately $34,000. Strs Ohio increased its stake in Gentherm by 800.0% during the 4th quarter. Strs Ohio now owns 900 shares of the auto parts company’s stock worth $35,000 after purchasing an additional 800 shares in the last quarter. Quantamental Technologies LLC bought a new stake in Gentherm during the 4th quarter worth approximately $35,000. Advisor Group Inc. increased its stake in Gentherm by 70.1% during the 4th quarter. Advisor Group Inc. now owns 1,354 shares of the auto parts company’s stock worth $54,000 after purchasing an additional 558 shares in the last quarter. Finally, NumerixS Investment Technologies Inc bought a new stake in Gentherm during the 4th quarter worth approximately $55,000.

A number of research analysts have issued reports on the stock. BidaskClub upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a research report on Friday. TheStreet upgraded shares of Gentherm from a “c” rating to a “b-” rating in a research report on Friday, February 22nd. Craig Hallum downgraded shares of Gentherm from a “buy” rating to a “hold” rating and cut their target price for the company from $48.00 to $46.00 in a research report on Thursday, February 21st. Zacks Investment Research downgraded shares of Gentherm from a “hold” rating to a “sell” rating in a research report on Tuesday, February 5th. Finally, Longbow Research set a $32.00 target price on shares of Gentherm and gave the company a “sell” rating in a research report on Friday, February 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $45.22.

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About Gentherm

Gentherm Incorporated designs, develops, and manufactures thermal management technologies. The company operates through two segments, Automotive and Industrial. The Automotive segment offers climate comfort system solutions, including seat heaters; variable temperature climate control seats that are designed to provide individualized thermal comfort to automobile passengers; integrated electronic components, such as blowers and electronic control units; and steering wheel heaters, neck climate control systems, and surface climate control systems for doors, armrests, cupholders, and storage products.

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