Gentherm Inc (NASDAQ:THRM) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Gentherm Inc (NASDAQ:THRM) have been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $45.80.

Several equities research analysts have issued reports on the stock. Stifel Nicolaus lifted their target price on shares of Gentherm from $44.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Roth Capital reiterated a “buy” rating and set a $50.00 price target on shares of Gentherm in a report on Wednesday, July 29th. Zacks Research raised shares of Gentherm from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Wall Street Zen lowered shares of Gentherm from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Finally, Freedom Capital lowered Gentherm from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th.

Insider Activity at Gentherm

In other news, SVP Wayne S. Kauffman III sold 4,700 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was 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 of the company’s stock, valued at approximately $1,184,861.41. This represents a 14.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC grew its stake in Gentherm by 160.3% during the 4th 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 in the last quarter. Meeder Asset Management Inc. purchased a new stake in Gentherm during the 2nd quarter worth about $30,000. Los Angeles Capital Management LLC acquired a new stake in Gentherm in the 4th quarter valued at about $35,000. Allworth Financial LP acquired a new stake in Gentherm in the 2nd quarter valued at about $37,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Gentherm in the 2nd quarter valued at about $39,000. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

Gentherm Stock Performance

NASDAQ THRM opened at $39.29 on Tuesday. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 45.16 and a beta of 1.35. Gentherm has a twelve month low of $27.00 and a twelve month high of $48.35. 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 stock has a 50-day moving average of $38.84 and a 200 day moving average of $33.96.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Thursday, July 23rd. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 12.06% and a net margin of 1.68%.Gentherm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.54 earnings per share. Sell-side analysts anticipate that Gentherm will post 2.92 EPS for the current fiscal year.

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

About Gentherm

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.