127,821 Shares in Gentherm Inc $THRM Purchased by Empowered Funds LLC

Empowered Funds LLC acquired a new position in shares of Gentherm Inc (NASDAQ:THRM) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 127,821 shares of the auto parts company’s stock, valued at approximately $4,360,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Gentherm by 5.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,613 shares of the auto parts company’s stock worth $2,904,000 after acquiring an additional 5,824 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Gentherm by 93.4% in the first quarter. Millennium Management LLC now owns 155,617 shares of the auto parts company’s stock valued at $4,161,000 after purchasing an additional 75,170 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Gentherm by 389.2% in the first quarter. Jane Street Group LLC now owns 84,403 shares of the auto parts company’s stock valued at $2,257,000 after purchasing an additional 67,150 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Gentherm by 1.7% in the second quarter. JPMorgan Chase & Co. now owns 108,251 shares of the auto parts company’s stock worth $3,062,000 after purchasing an additional 1,850 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new stake in shares of Gentherm in the second quarter worth $526,000. Institutional investors and hedge funds own 97.13% of the company’s stock.

Insider Transactions at Gentherm

In related news, SVP Wayne S. Kauffman III sold 4,700 shares of Gentherm stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $43.21, for a total transaction of $203,087.00. Following the completion of the transaction, the senior vice president owned 27,421 shares in the company, valued at approximately $1,184,861.41. This trade represents a 14.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on THRM shares. Stifel Nicolaus raised their target price on shares of Gentherm from $44.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Wall Street Zen downgraded shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Zacks Research upgraded Gentherm from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Freedom Capital cut Gentherm from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. Finally, Weiss Ratings upgraded Gentherm from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Gentherm has a consensus rating of “Moderate Buy” and a consensus target price of $45.80.

Gentherm Stock Performance

NASDAQ THRM opened at $39.29 on Tuesday. The firm has a market capitalization of $1.21 billion, a P/E ratio of 45.16 and a beta of 1.35. The company has a current ratio of 2.06, a quick ratio of 1.49 and a debt-to-equity ratio of 0.38. The firm’s fifty day moving average price is $38.84 and its two-hundred day moving average price is $33.96. Gentherm Inc has a 1 year low of $27.00 and a 1 year high of $48.35.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings data on Thursday, July 23rd. The auto parts company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.19. The company had revenue of $404.94 million during the quarter, compared to the consensus estimate of $382.90 million. Gentherm had a net margin of 1.68% and a return on equity of 12.06%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 EPS. As a group, research analysts anticipate that Gentherm Inc will post 2.92 EPS for the current year.

Gentherm announced that its board has initiated a share buyback plan on Thursday, July 23rd that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the auto parts company to repurchase up to 36.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

About Gentherm

Gentherm Incorporated (NASDAQ: THRM) is a global developer and supplier of advanced thermal management technologies for automotive, specialty vehicle, medical, consumer and industrial markets. The company’s core focus lies in delivering integrated heating and cooling systems designed to enhance energy efficiency, comfort and safety across a wide range of applications. Gentherm’s product portfolio includes seat thermal systems, heated and ventilated seating surfaces, steering wheel heaters, battery thermal management solutions, and climate systems for electric vehicles.

In the automotive sector, Gentherm partners with leading original equipment manufacturers to engineer and manufacture high-performance thermal solutions that meet stringent industry demands for reduced weight, lower energy consumption and improved passenger comfort.