Gentherm (NASDAQ:THRM) Given New $60.00 Price Target at JPMorgan Chase & Co.

Gentherm (NASDAQ:THRM) had its target price cut by equities researchers at JPMorgan Chase & Co. from $63.00 to $60.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has an “underweight” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 19.05% from the stock’s previous close.

A number of other research firms have also weighed in on THRM. StockNews.com raised shares of Gentherm from a “hold” rating to a “buy” rating in a research note on Thursday, February 22nd. Robert W. Baird lifted their price target on shares of Gentherm from $60.00 to $66.00 and gave the company a “neutral” rating in a research report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $66.00.

Gentherm Trading Up 1.1 %

THRM stock opened at $50.40 on Monday. The company has a current ratio of 2.12, a quick ratio of 1.48 and a debt-to-equity ratio of 0.34. The business’s 50-day moving average is $54.33 and its 200 day moving average is $50.62. Gentherm has a 12-month low of $38.21 and a 12-month high of $66.54. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 40.98 and a beta of 1.49.

Gentherm (NASDAQ:THRM) last released its earnings results on Wednesday, February 21st. The auto parts company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.36. Gentherm had a net margin of 2.75% and a return on equity of 12.91%. The business had revenue of $366.93 million for the quarter, compared to analyst estimates of $364.40 million. During the same period last year, the company posted $0.47 EPS. The business’s revenue was up 6.9% on a year-over-year basis. On average, sell-side analysts anticipate that Gentherm will post 2.81 EPS for the current fiscal year.

Insider Activity at Gentherm

In related news, CEO Phillip Eyler sold 15,000 shares of Gentherm stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $55.17, for a total value of $827,550.00. Following the completion of the sale, the chief executive officer now owns 147,317 shares in the company, valued at approximately $8,127,478.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.91% of the stock is owned by insiders.

Hedge Funds Weigh In On Gentherm

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Gentherm by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 3,651,904 shares of the auto parts company’s stock worth $191,214,000 after purchasing an additional 16,513 shares in the last quarter. Trigran Investments Inc. grew its stake in shares of Gentherm by 10.7% during the fourth quarter. Trigran Investments Inc. now owns 1,887,857 shares of the auto parts company’s stock worth $98,848,000 after purchasing an additional 183,170 shares in the last quarter. Van Berkom & Associates Inc. grew its stake in shares of Gentherm by 10.8% during the third quarter. Van Berkom & Associates Inc. now owns 1,173,567 shares of the auto parts company’s stock worth $63,678,000 after purchasing an additional 114,445 shares in the last quarter. Guinness Asset Management LTD lifted its position in Gentherm by 5.7% in the third quarter. Guinness Asset Management LTD now owns 584,426 shares of the auto parts company’s stock valued at $31,720,000 after acquiring an additional 31,663 shares during the last quarter. Finally, Lord Abbett & CO. LLC lifted its position in Gentherm by 10.1% in the third quarter. Lord Abbett & CO. LLC now owns 512,913 shares of the auto parts company’s stock valued at $27,830,000 after acquiring an additional 47,088 shares during the last quarter. Institutional investors and hedge funds own 97.13% of the company’s stock.

About Gentherm

Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.