Gentherm Inc (NASDAQ:THRM) Stock Has Average Price Target of $46.50

Shares of Gentherm Inc (NASDAQ:THRM) have received an average recommendation of “Hold” from the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $46.50.

A number of research analysts have issued reports on the stock. Weiss Ratings raised shares of Gentherm from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 29th. 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. Freedom Capital lowered Gentherm from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. Stifel Nicolaus upped their price target on Gentherm from $44.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Finally, Wall Street Zen downgraded Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st.

Trending Headlines about Gentherm

Here are the key news stories impacting Gentherm this week:

• Positive Sentiment: Gentherm completed the combination with Modine’s Performance Technologies business in a transaction valued at approximately $946.4 million. The deal expands Gentherm’s thermal-management and precision-flow capabilities and is intended to create a global market leader in these technologies. Gentherm Completes Combination with Modine’s Performance Technologies Business
• Positive Sentiment: Craig-Hallum maintained its Buy rating on Gentherm, signaling continued confidence in the company’s outlook following the transaction. Separately, brokerages have reported a consensus price target of $46.50, well above recent trading levels. Craig-Hallum Keeps Their Buy Rating on Gentherm Gentherm Consensus Price Target
• Neutral Sentiment: The Reverse Morris Trust transaction is now complete, with Modine disclosing the final exchange ratio and cash distribution. Investors are likely recalibrating valuation and ownership expectations now that the deal has closed. Modine Completes Spin-off and Combination
• Negative Sentiment: Near-term selling pressure likely reflects concerns about integrating the acquired business, realizing projected synergies and the effect of issuing shares in the combination. The unusually heavy trading volume indicates substantial repositioning by investors as the deal begins trading on a completed basis. Modine Manufacturing Completes Spin-off with Gentherm

Insider Buying and Selling at Gentherm

In other news, SVP Wayne Kauffman, III sold 4,700 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $43.21, for a total value of $203,087.00. Following the completion of the transaction, the senior vice president owned 27,421 shares in the company, valued at $1,184,861.41. This trade represents a 14.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Gentherm

Several institutional investors and hedge funds have recently made changes to their positions in THRM. Tidal Investments LLC lifted its stake in Gentherm by 9.4% in the 2nd quarter. Tidal Investments LLC now owns 23,651 shares of the auto parts company’s stock valued at $807,000 after buying an additional 2,030 shares in the last quarter. Engineers Gate Manager LP increased its position in Gentherm by 95.0% during the second quarter. Engineers Gate Manager LP now owns 17,200 shares of the auto parts company’s stock worth $587,000 after buying an additional 8,380 shares in the last quarter. Corient Private Wealth LP increased its position in Gentherm by 43.4% during the second quarter. Corient Private Wealth LP now owns 11,780 shares of the auto parts company’s stock worth $402,000 after buying an additional 3,565 shares in the last quarter. Odyssean LLC acquired a new position in shares of Gentherm in the second quarter worth $422,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Gentherm by 4.7% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 61,056 shares of the auto parts company’s stock worth $2,083,000 after acquiring an additional 2,730 shares during the last quarter. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

Gentherm Stock Performance

NASDAQ:THRM opened at $31.30 on Friday. The company has a quick ratio of 1.49, a current ratio of 2.06 and a debt-to-equity ratio of 0.38. Gentherm has a fifty-two week low of $27.00 and a fifty-two week high of $48.35. The stock has a market cap of $962.16 million, a PE ratio of 35.98, a price-to-earnings-growth ratio of 0.77 and a beta of 1.37. The firm’s fifty day simple moving average is $39.24 and its 200-day simple moving average is $34.88.

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

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

Gentherm Dividend Announcement

The company also recently announced a special dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Monday, September 28th will be issued a $1.90 dividend.

About Gentherm

Gentherm Incorporated (NASDAQ: THRM) develops and manufactures thermal management and comfort technologies for the automotive and medical industries. The company’s automotive products include heated and ventilated seats, climate-controlled seating systems, heated steering wheels, thermal management systems for electric vehicles, and other components designed to improve passenger comfort and energy efficiency.

In the medical market, Gentherm provides patient temperature-management products and systems used in hospitals and other healthcare settings.