Gentherm Inc (NASDAQ:THRM) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Gentherm Inc (NASDAQ:THRM) have received an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $45.80.

A number of equities research analysts have commented on THRM shares. Zacks Research upgraded Gentherm from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Roth Capital reaffirmed a “buy” rating and set a $50.00 price objective on shares of Gentherm in a research note on Wednesday, July 29th. Robert W. Baird boosted their target price on shares of Gentherm from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. raised their price target on shares of Gentherm from $41.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Finally, Freedom Capital downgraded shares of Gentherm from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th.

Insider Transactions at Gentherm

In related news, SVP Wayne S. Kauffman III sold 4,700 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $43.21, for a total transaction of $203,087.00. Following the sale, the senior vice president owned 27,421 shares in the company, valued at approximately $1,184,861.41. This trade represents a 14.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its holdings in shares of Gentherm by 160.3% during the fourth quarter. Farther Finance Advisors LLC now owns 812 shares of the auto parts company’s stock worth $30,000 after purchasing an additional 500 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Gentherm in the fourth quarter valued at $35,000. Eagle Bay Advisors LLC acquired a new position in Gentherm in the fourth quarter valued at $50,000. Palladiem LLC acquired a new position in Gentherm in the fourth quarter valued at $52,000. Finally, Tower Research Capital LLC TRC lifted its position in Gentherm by 232.0% during the second quarter. Tower Research Capital LLC TRC now owns 3,154 shares of the auto parts company’s stock worth $89,000 after buying an additional 2,204 shares during the period. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Gentherm Price Performance

Shares of NASDAQ THRM opened at $40.40 on Friday. The company has a current ratio of 2.06, a quick ratio of 1.49 and a debt-to-equity ratio of 0.38. The company’s 50-day moving average price is $37.13 and its 200 day moving average price is $33.15. Gentherm has a 52 week low of $27.00 and a 52 week high of $48.35. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 46.44 and a beta of 1.35.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings results on Thursday, July 23rd. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.19. The company had revenue of $404.94 million for the quarter, compared to the consensus estimate of $382.90 million. Gentherm had a net margin of 1.68% and a return on equity of 12.06%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.54 earnings per share. As a group, research analysts forecast that Gentherm will post 2.92 earnings per share for the current fiscal year.

Gentherm declared that its Board of Directors has initiated a stock repurchase plan on Thursday, July 23rd that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the auto parts company to reacquire up to 36.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Gentherm Company Profile

Gentherm Incorporated (NASDAQ: THRM) is a global developer and supplier of advanced thermal management technologies for automotive, specialty vehicle, medical, consumer and industrial markets. The company’s core focus lies in delivering integrated heating and cooling systems designed to enhance energy efficiency, comfort and safety across a wide range of applications. Gentherm’s product portfolio includes seat thermal systems, heated and ventilated seating surfaces, steering wheel heaters, battery thermal management solutions, and climate systems for electric vehicles.

In the automotive sector, Gentherm partners with leading original equipment manufacturers to engineer and manufacture high-performance thermal solutions that meet stringent industry demands for reduced weight, lower energy consumption and improved passenger comfort.