Craig Hallum upgraded shares of Gentherm (NASDAQ:THRM) from a hold rating to a buy rating in a report published on Wednesday morning, MarketBeat.com reports.
Other equities analysts have also recently issued reports about the stock. Argus reduced their price target on shares of Gentherm to $40.00 and set a buy rating on the stock in a research report on Friday, December 15th. B. Riley reissued a buy rating on shares of Gentherm in a research report on Thursday, November 2nd. FBR & Co reissued a buy rating and set a $45.00 price target on shares of Gentherm in a research report on Thursday, October 26th. Zacks Investment Research raised shares of Gentherm from a sell rating to a hold rating in a research report on Thursday, January 25th. Finally, BidaskClub cut shares of Gentherm from a buy rating to a hold rating in a research report on Tuesday, December 5th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $40.38.
Gentherm (NASDAQ:THRM) opened at $31.55 on Wednesday. The firm has a market cap of $1,150.00, a price-to-earnings ratio of 32.86, a PEG ratio of 0.54 and a beta of 1.86. Gentherm has a 52-week low of $29.50 and a 52-week high of $40.80. The company has a current ratio of 2.69, a quick ratio of 2.47 and a debt-to-equity ratio of 0.25.
Gentherm (NASDAQ:THRM) last announced its quarterly earnings results on Tuesday, February 20th. The auto parts company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.08. The company had revenue of $257.19 million for the quarter, compared to analysts’ expectations of $253.48 million. Gentherm had a net margin of 3.57% and a return on equity of 11.81%. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the firm posted $0.68 earnings per share. research analysts anticipate that Gentherm will post 2.36 EPS for the current year.
In related news, Director Maurice Ep Gunderson sold 10,000 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $33.44, for a total transaction of $334,400.00. Following the sale, the director now directly owns 26,557 shares in the company, valued at $888,066.08. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.30% of the company’s stock.
Several large investors have recently modified their holdings of THRM. Fuller & Thaler Asset Management Inc. increased its stake in Gentherm by 11.6% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 2,391,672 shares of the auto parts company’s stock valued at $88,851,000 after buying an additional 247,857 shares during the last quarter. Van Berkom & Associates Inc. increased its stake in Gentherm by 8.2% in the 3rd quarter. Van Berkom & Associates Inc. now owns 2,001,682 shares of the auto parts company’s stock valued at $74,362,000 after buying an additional 151,444 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its stake in Gentherm by 1.8% in the 4th quarter. Disciplined Growth Investors Inc. MN now owns 1,874,739 shares of the auto parts company’s stock valued at $59,523,000 after buying an additional 32,428 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Gentherm by 1.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,496,159 shares of the auto parts company’s stock valued at $55,582,000 after buying an additional 25,861 shares during the last quarter. Finally, State Street Corp increased its stake in Gentherm by 3.9% in the 2nd quarter. State Street Corp now owns 848,178 shares of the auto parts company’s stock valued at $32,908,000 after buying an additional 32,184 shares during the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.
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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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