Empowered Funds LLC Invests $4.36 Million in Gentherm Inc $THRM

Empowered Funds LLC acquired a new position in shares of Gentherm Inc (NASDAQ:THRM) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 127,821 shares of the auto parts company’s stock, valued at approximately $4,360,000. Empowered Funds LLC owned 0.42% of Gentherm as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in THRM. Jefferies Financial Group Inc. acquired a new position in Gentherm in the second quarter valued at about $1,211,000. Public Employees Retirement System of Ohio acquired a new position in shares of Gentherm during the 2nd quarter worth about $39,000. Corient Private Wealth LP bought a new stake in shares of Gentherm in the 2nd quarter valued at about $402,000. Bank of America Corp DE bought a new stake in shares of Gentherm in the 2nd quarter valued at about $9,986,000. Finally, Odyssean LLC bought a new stake in shares of Gentherm in the 2nd quarter valued at about $422,000. Institutional investors own 97.13% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on THRM shares. Roth Capital reissued a “buy” rating and set a $50.00 price objective on shares of Gentherm in a research note on Wednesday, July 29th. Zacks Research raised shares of Gentherm from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. JPMorgan Chase & Co. increased their target price on shares of Gentherm from $41.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Weiss Ratings raised shares of Gentherm from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 29th. Finally, Wall Street Zen lowered shares of Gentherm from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. One equities research 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. According to data from MarketBeat, Gentherm has an average rating of “Moderate Buy” and a consensus price target of $45.80.

Gentherm Price Performance

Shares of THRM opened at $39.29 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.49 and a current ratio of 2.06. The stock has a 50 day simple moving average of $38.84 and a 200 day simple moving average of $33.96. Gentherm Inc has a 52-week low of $27.00 and a 52-week high of $48.35. The firm has a market capitalization of $1.21 billion, a PE ratio of 45.16 and a beta of 1.35.

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

Gentherm declared that its Board of Directors has authorized a share buyback program on Thursday, July 23rd that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the auto parts company to purchase up to 36.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Insider Activity

In related news, SVP Wayne S. Kauffman III sold 4,700 shares of the firm’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $43.21, for a total transaction of $203,087.00. Following the sale, the senior vice president directly owned 27,421 shares in the company, valued at $1,184,861.41. This trade represents a 14.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.10% of the stock is owned by corporate insiders.

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.