Gentherm (NASDAQ:THRM) Upgraded to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of Gentherm (NASDAQ:THRM) from a buy rating to a strong-buy rating in a research report report published on Tuesday morning.

Several other analysts also recently weighed in on the company. Craig Hallum lowered their target price on Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. JPMorgan Chase & Co. decreased their price target on Gentherm from $56.00 to $51.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Finally, Robert W. Baird decreased their price target on Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st.

Gentherm Stock Up 0.3 %

Shares of Gentherm stock opened at $33.45 on Tuesday. The business has a 50-day moving average of $38.48 and a 200-day moving average of $42.94. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.02 and a quick ratio of 1.38. The company has a market capitalization of $1.04 billion, a PE ratio of 15.63 and a beta of 1.42. Gentherm has a 1-year low of $30.25 and a 1-year high of $62.93.

Gentherm (NASDAQ:THRM) last announced its earnings results on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.39). The business had revenue of $352.91 million for the quarter, compared to analyst estimates of $360.29 million. Gentherm had a net margin of 4.61% and a return on equity of 14.36%. The firm’s revenue was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.90 earnings per share. As a group, equities analysts forecast that Gentherm will post 2.72 EPS for the current fiscal year.

Insider Buying and Selling

In other Gentherm news, SVP Hui (Helen) Xu sold 2,500 shares of Gentherm stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $42.00, for a total value of $105,000.00. Following the completion of the transaction, the senior vice president now directly owns 18,947 shares in the company, valued at $795,774. The trade was a 11.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Thomas Stocker sold 1,295 shares of Gentherm stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $42.98, for a total value of $55,659.10. Following the completion of the transaction, the senior vice president now owns 13,413 shares of the company’s stock, valued at approximately $576,490.74. The trade was a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.91% of the company’s stock.

Hedge Funds Weigh In On Gentherm

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP boosted its stake in Gentherm by 952.9% in the third quarter. Quarry LP now owns 537 shares of the auto parts company’s stock valued at $25,000 after acquiring an additional 486 shares during the period. Signaturefd LLC boosted its stake in Gentherm by 233.8% in the fourth quarter. Signaturefd LLC now owns 661 shares of the auto parts company’s stock valued at $26,000 after acquiring an additional 463 shares during the period. Gladius Capital Management LP acquired a new position in shares of Gentherm during the third quarter worth approximately $44,000. KBC Group NV boosted its position in shares of Gentherm by 82.2% during the fourth quarter. KBC Group NV now owns 1,822 shares of the auto parts company’s stock worth $73,000 after buying an additional 822 shares during the period. Finally, Headlands Technologies LLC boosted its position in shares of Gentherm by 117.1% during the fourth quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company’s stock worth $73,000 after buying an additional 991 shares during the period. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Gentherm Company Profile

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.