Gentherm (NASDAQ:THRM) Stock Rating Upgraded by StockNews.com

Gentherm (NASDAQ:THRM) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Tuesday.

A number of other analysts have also recently weighed in on the company. Robert W. Baird reduced their price target on Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Craig Hallum reduced their target price on Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. lowered their price target on Gentherm from $56.00 to $51.00 and set a “neutral” rating on the stock in a report on Monday, January 27th.

Gentherm Price Performance

Shares of THRM opened at $33.35 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.38 and a current ratio of 2.02. The firm has a market cap of $1.03 billion, a PE ratio of 15.58 and a beta of 1.42. The firm’s 50 day moving average price is $38.67 and its 200 day moving average price is $43.01. Gentherm has a twelve month low of $30.25 and a twelve month high of $62.93.

Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.39). The business had revenue of $352.91 million for the quarter, compared to the consensus estimate of $360.29 million. Gentherm had a net margin of 4.61% and a return on equity of 14.36%. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.90 EPS. As a group, research analysts expect that Gentherm will post 2.72 EPS for the current fiscal year.

Insider Buying and Selling at Gentherm

In related news, SVP Thomas Stocker sold 1,295 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $42.98, for a total transaction of $55,659.10. Following the completion of the transaction, the senior vice president now owns 13,413 shares of the company’s stock, valued at approximately $576,490.74. The trade was a 8.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Hui (Helen) Xu sold 2,500 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $42.00, for a total value of $105,000.00. Following the sale, the senior vice president now owns 18,947 shares of the company’s stock, valued at approximately $795,774. The trade was a 11.66 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.91% of the company’s stock.

Hedge Funds Weigh In On Gentherm

A number of institutional investors and hedge funds have recently bought and sold shares of THRM. Quarry LP grew its position in Gentherm by 952.9% during the third quarter. Quarry LP now owns 537 shares of the auto parts company’s stock worth $25,000 after buying an additional 486 shares in the last quarter. Signaturefd LLC lifted its position in shares of Gentherm by 233.8% in the 4th quarter. Signaturefd LLC now owns 661 shares of the auto parts company’s stock worth $26,000 after acquiring an additional 463 shares during the period. Gladius Capital Management LP acquired a new stake in shares of Gentherm during the 3rd quarter worth approximately $44,000. KBC Group NV increased its position in shares of Gentherm by 82.2% during the fourth quarter. KBC Group NV now owns 1,822 shares of the auto parts company’s stock valued at $73,000 after purchasing an additional 822 shares during the period. Finally, Headlands Technologies LLC raised its stake in shares of Gentherm by 117.1% in the fourth quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company’s stock valued at $73,000 after purchasing an additional 991 shares in the last quarter. Institutional investors 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.