Gentherm (NASDAQ:THRM) Shares Gap Up – Here’s What Happened

Shares of Gentherm Incorporated (NASDAQ:THRM) gapped up prior to trading on Monday . The stock had previously closed at $30.39, but opened at $31.79. Gentherm shares last traded at $30.52, with a volume of 16,041 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on THRM. StockNews.com downgraded Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. dropped 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 dropped their price target on Gentherm from $44.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th.

Gentherm Stock Performance

The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.36. The stock has a market cap of $941.84 million, a price-to-earnings ratio of 14.78 and a beta of 1.45. The company has a 50 day simple moving average of $35.81 and a 200 day simple moving average of $40.53.

Gentherm (NASDAQ:THRM) last issued its earnings results on Wednesday, February 19th. The auto parts company reported $0.29 EPS 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 return on equity of 11.43% and a net margin of 4.46%. The firm’s revenue was down 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.90 EPS. As a group, equities research analysts forecast that Gentherm Incorporated will post 3.1 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Gentherm by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 3,667,551 shares of the auto parts company’s stock valued at $146,427,000 after buying an additional 74,758 shares during the period. Trigran Investments Inc. increased its stake in shares of Gentherm by 7.3% in the fourth quarter. Trigran Investments Inc. now owns 1,990,938 shares of the auto parts company’s stock valued at $79,488,000 after buying an additional 135,458 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Gentherm by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,217,681 shares of the auto parts company’s stock valued at $48,616,000 after buying an additional 62,562 shares during the period. Disciplined Growth Investors Inc. MN increased its stake in shares of Gentherm by 2.0% in the third quarter. Disciplined Growth Investors Inc. MN now owns 1,169,671 shares of the auto parts company’s stock valued at $54,448,000 after buying an additional 23,051 shares during the period. Finally, Global Alpha Capital Management Ltd. increased its stake in shares of Gentherm by 23.8% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 782,983 shares of the auto parts company’s stock valued at $31,261,000 after buying an additional 150,310 shares during the period. Institutional investors and hedge funds own 97.13% of the company’s stock.

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.