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Equity Actions

THRM

Gentherm (NASDAQ:THRM) has initiated a $60 million accelerated share repurchase agreement (ASR) with Bank of America. The agreement is part of the company's ongoing stock repurchase program, which has been extended through June 30, 2024. The company will initially receive approximately 1.22 million common shares, with the final number of shares to be repurchased based on the volume-weighted average price of Gentherm's common shares during the term of the transaction.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 12:24 pm

MGPI

MGP Ingredients announced the retirement of its CEO and President, David Colo, effective December 31. David Bratcher will replace him starting January 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 12:00 pm

YUMC

Yum China Holdings' board of directors has approved an increase in the company's share repurchase authorization by $1B, bringing the total to $3.4B.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:52 am

KBH

Seaport Global analyst Mark Weintraub has upgraded KB Home (NYSE:KBH) from Neutral to Buy and announced a price target of $58.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:42 am

CMI

Cummins has increased its full year 2023 revenue guidance from 15%-20% to 18%-21%, due to strong demand across most markets, particularly North America. The company expects EBITDA to be between 15.2% and 15.4% of sales. The forecast includes the inclusion of Atmus for the entirety of 2023, but excludes any costs or benefits associated with the planned separation of Atmus. Revenues of the Meritor business for 2023 are expected to be between $4.7 billion and $4.9 billion.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:40 am

NRG

NRG Energy has announced its 2024 capital allocation plan, which includes $500 million in debt reduction, $825 million in share repurchases, an 8% increase of the annual common dividend to $1.63 per share, and $342 million in growth and other. This is consistent with the company's 7-9% long-term growth target.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:22 am

NRG

NRG Energy has increased its 2023 share repurchase allocation by 15% to $1.15 billion. The company has already executed $200 million of share repurchases and plans to complete the remaining $950 million through a new accelerated share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:20 am

CYBR

CyberArk has raised its guidance, indicating a positive outlook for the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:12 am

NS

NuStar Energy L.P. (NS) expects to generate full-year 2023 net income in the range of $261 to $273 million and full-year 2023 adjusted EBITDA in the range of $720 to $740 million. The company also plans to spend $120 to $130 million in strategic capital in 2023.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 10:48 am

ITT

ITT Inc. has increased its FY23 adjusted EPS guidance to $5.15-$5.21, up from the previous $4.95-$5.15, beating the consensus of $5.09. The company also expects revenue growth of approximately 9%, up 7% to 8% on an organic basis.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 10:37 am