Gentherm Inc (THRM) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Gentherm Inc (NASDAQ:THRM) from a sell rating to a hold rating in a report issued on Saturday morning.

According to Zacks, “Gentherm Inc. is a developer and marketer of innovative thermal management technologies for a broad range of heating and cooling and temperature control applications. The Company offers heated seating, climate seating, electronics, and cables for the automotive markets. It is also building thermoelectric generators to capture the heat and convert it into electricity for various applications in automotive, industrial, and materials sectors. Gentherm Inc., formerly known as Amerigon Incorporated, is based in Northville, Michigan. “

A number of other brokerages also recently issued reports on THRM. BidaskClub downgraded Gentherm from a strong-buy rating to a buy rating in a research note on Monday, July 24th. FBR & Co reiterated a buy rating and set a $45.00 price objective on shares of Gentherm in a research note on Thursday, October 26th. Barrington Research cut their price objective on Gentherm from $47.00 to $43.00 and set an outperform rating for the company in a research note on Friday, July 28th. TheStreet downgraded Gentherm from a b- rating to a c+ rating in a research note on Thursday, August 17th. Finally, ValuEngine downgraded Gentherm from a buy rating to a hold rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $40.75.

Shares of Gentherm (NASDAQ THRM) opened at $33.40 on Friday. The stock has a market capitalization of $1,220.00, a PE ratio of 18.71, a price-to-earnings-growth ratio of 1.02 and a beta of 1.94. Gentherm has a 52 week low of $26.60 and a 52 week high of $40.80. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.47 and a current ratio of 3.23.

Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.33). The firm had revenue of $235.85 million for the quarter, compared to the consensus estimate of $235.94 million. Gentherm had a net margin of 6.89% and a return on equity of 12.82%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 earnings per share. equities research analysts anticipate that Gentherm will post 1.63 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Alps Advisors Inc. lifted its holdings in Gentherm by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 13,264 shares of the auto parts company’s stock worth $515,000 after purchasing an additional 34 shares in the last quarter. CWA Asset Management Group LLC lifted its holdings in Gentherm by 0.7% in the 2nd quarter. CWA Asset Management Group LLC now owns 5,792 shares of the auto parts company’s stock worth $225,000 after purchasing an additional 42 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in Gentherm by 0.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 15,000 shares of the auto parts company’s stock worth $582,000 after purchasing an additional 100 shares in the last quarter. Arizona State Retirement System lifted its holdings in Gentherm by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 19,150 shares of the auto parts company’s stock worth $743,000 after purchasing an additional 100 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its holdings in Gentherm by 0.4% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 29,214 shares of the auto parts company’s stock worth $1,134,000 after purchasing an additional 124 shares in the last quarter. 95.51% of the stock is currently owned by institutional investors.

About Gentherm

Gentherm Incorporated (Gentherm) is a global technology company engaged in the design, development, and manufacturing of thermal management technologies. The Company has two segments: Automotive and Industrial. Its products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation, patient temperature management, environmental product testing and other consumer and industrial temperature control needs.

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