Gentherm (NASDAQ:THRM) Now Covered by Analysts at CJS Securities

Research analysts at CJS Securities started coverage on shares of Gentherm (NASDAQ:THRM) in a note issued to investors on Monday, Briefing.com reports. The firm set an “outperform” rating and a $50.00 price target on the auto parts company’s stock. CJS Securities’ target price points to a potential upside of 28.70% from the company’s previous close.

A number of other research firms also recently weighed in on THRM. Wall Street Zen downgraded shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. Stifel Nicolaus boosted their price objective on Gentherm from $44.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Zacks Research raised Gentherm from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Weiss Ratings raised shares of Gentherm from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 29th. Finally, Roth Capital reiterated a “buy” rating and set a $50.00 price target on shares of Gentherm in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $46.50.

Gentherm Price Performance

Gentherm stock opened at $38.85 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.06 and a quick ratio of 1.49. The stock has a market capitalization of $1.19 billion, a P/E ratio of 44.66, a P/E/G ratio of 0.89 and a beta of 1.34. The firm’s 50-day moving average is $39.69 and its two-hundred day moving average is $34.42. Gentherm has a 12-month low of $27.00 and a 12-month high of $48.35.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings data on Thursday, July 23rd. The auto parts company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.19. The business had revenue of $416.17 million for the quarter, compared to analyst estimates of $382.90 million. Gentherm had a net margin of 1.68% and a return on equity of 12.06%. The company’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 EPS. Equities analysts predict that Gentherm will post 2.92 earnings per share for the current year.

Gentherm declared that its board has authorized a share buyback program on Thursday, July 23rd that permits the company to buyback $400.00 million in shares. This buyback authorization permits the auto parts company to buy up to 36.2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other news, SVP Wayne Kauffman, III sold 4,700 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $43.21, for a total value of $203,087.00. Following the sale, the senior vice president directly owned 27,421 shares of the company’s stock, 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 document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Gentherm

Several hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in Gentherm during the second quarter worth $165,005,000. Dimensional Fund Advisors LP grew its position in Gentherm by 7.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,474,493 shares of the auto parts company’s stock worth $40,960,000 after purchasing an additional 96,280 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of Gentherm by 3,972.4% during the 2nd quarter. California State Teachers Retirement System now owns 1,167,074 shares of the auto parts company’s stock worth $39,809,000 after purchasing an additional 1,138,416 shares during the period. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Gentherm during the 2nd quarter worth about $27,822,000. Finally, Ameriprise Financial Inc. raised its position in shares of Gentherm by 42.8% during the third quarter. Ameriprise Financial Inc. now owns 635,066 shares of the auto parts company’s stock valued at $21,630,000 after buying an additional 190,432 shares during the last quarter. 97.13% of the stock is owned by institutional investors.

Gentherm Company Profile

Gentherm Inc (NASDAQ: THRM) develops and manufactures thermal management and pneumatic comfort technologies for the automotive and medical markets. The company’s products are designed to improve occupant comfort, regulate temperature and support specialized healthcare applications.

For automotive customers, Gentherm supplies heated and ventilated seating systems, climate-controlled seats, heated steering wheels, neck-conditioning systems and other interior comfort technologies. Its portfolio also includes battery thermal management and related solutions intended to help manage temperature in electrified vehicles.

In the medical market, Gentherm provides patient temperature-management systems used for warming and cooling during medical procedures and critical-care applications.