Gentherm (NASDAQ:THRM) Downgraded by Zacks Research to “Hold”

Gentherm (NASDAQ:THRM) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, Zacks reports.

THRM has been the topic of several other research reports. Wall Street Zen downgraded Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Stifel Nicolaus raised their target price on shares of Gentherm from $44.00 to $59.00 and gave the company a “buy” rating in a report on Friday, July 24th. Weiss Ratings raised Gentherm from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 29th. Freedom Capital lowered shares of Gentherm from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. Finally, CJS Securities started coverage on shares of Gentherm in a research note on Monday, September 14th. They issued an “outperform” rating and a $50.00 price target on the stock. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $46.50.

Gentherm Trading Up 0.9%

Shares of THRM stock opened at $33.92 on Monday. The company has a current ratio of 2.06, a quick ratio of 1.49 and a debt-to-equity ratio of 0.38. Gentherm has a 12-month low of $27.00 and a 12-month high of $48.35. The stock has a market capitalization of $1.04 billion, a P/E ratio of 38.99, a P/E/G ratio of 0.77 and a beta of 1.34. The firm’s 50 day moving average is $39.77 and its 200 day moving average is $34.83.

Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Thursday, July 23rd. The auto parts company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.19. The firm had revenue of $416.17 million for the quarter, compared to analysts’ expectations of $382.90 million. Gentherm had a return on equity of 12.06% and a net margin of 1.68%.The company’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 EPS. Research analysts expect that Gentherm will post 2.92 earnings per share for the current year.

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

Insider Activity

In other news, SVP Wayne Kauffman, III sold 4,700 shares of the business’s stock in a transaction 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 completion of the sale, the senior vice president directly owned 27,421 shares of the company’s stock, valued at $1,184,861.41. The trade was a 14.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of THRM. BlackRock Inc. acquired a new position in Gentherm during the 2nd quarter valued at $165,005,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Gentherm in the second quarter valued at about $27,822,000. Bank of America Corp DE acquired a new stake in Gentherm in the second quarter valued at about $9,986,000. Bank of New York Mellon Corp acquired a new stake in Gentherm during the 2nd quarter valued at approximately $7,180,000. Finally, Bastion Asset Management Inc. bought a new stake in shares of Gentherm during the 1st quarter worth $6,213,000. Institutional investors own 97.13% of the company’s stock.

About Gentherm

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.