StockNews.com Upgrades Gentherm (NASDAQ:THRM) to Buy

StockNews.com upgraded shares of Gentherm (NASDAQ:THRM) from a hold rating to a buy rating in a report issued on Friday morning.

Several other analysts also recently weighed in on the stock. Robert W. Baird dropped their target price on shares of Gentherm from $65.00 to $60.00 and set a neutral rating for the company in a report on Friday, July 12th. JPMorgan Chase & Co. cut their price objective on Gentherm from $60.00 to $56.00 and set an underweight rating on the stock in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $63.50.

Gentherm Price Performance

THRM stock opened at $49.64 on Friday. Gentherm has a 52-week low of $38.21 and a 52-week high of $63.23. The business has a fifty day moving average of $51.05 and a two-hundred day moving average of $51.90. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 34.00 and a beta of 1.45. The company has a quick ratio of 1.44, a current ratio of 2.11 and a debt-to-equity ratio of 0.35.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. The firm had revenue of $375.70 million during the quarter, compared to the consensus estimate of $375.82 million. Gentherm had a return on equity of 14.03% and a net margin of 4.61%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the company earned $0.58 EPS. As a group, research analysts anticipate that Gentherm will post 2.89 earnings per share for the current year.

Insiders Place Their Bets

In other Gentherm news, CEO Phillip Eyler sold 15,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $50.03, for a total value of $750,450.00. Following the completion of the transaction, the chief executive officer now owns 147,317 shares in the company, valued at $7,370,269.51. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 45,000 shares of company stock worth $2,317,050 in the last ninety days. 1.91% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Headlands Technologies LLC raised its position in Gentherm by 86.1% in the 1st quarter. Headlands Technologies LLC now owns 523 shares of the auto parts company’s stock valued at $30,000 after purchasing an additional 242 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Gentherm by 211.4% during the fourth quarter. Quadrant Capital Group LLC now owns 1,149 shares of the auto parts company’s stock worth $60,000 after buying an additional 780 shares during the period. TFO Wealth Partners LLC raised its holdings in Gentherm by 44,050.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,766 shares of the auto parts company’s stock valued at $92,000 after acquiring an additional 1,762 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in Gentherm by 9.2% in the fourth quarter. Handelsbanken Fonder AB now owns 5,916 shares of the auto parts company’s stock worth $310,000 after acquiring an additional 500 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC grew its holdings in Gentherm by 30.3% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 6,011 shares of the auto parts company’s stock worth $315,000 after acquiring an additional 1,399 shares in the last quarter. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

About Gentherm

Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.