Gentherm (NASDAQ:THRM) Lifted to “Buy” at StockNews.com

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

A number of other brokerages have also commented on THRM. JPMorgan Chase & Co. decreased their target price on Gentherm from $60.00 to $56.00 and set an underweight rating for the company in a research report on Monday, July 22nd. Robert W. Baird decreased their price objective on Gentherm from $65.00 to $60.00 and set a neutral rating for the company in a report on Friday, July 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Hold and an average price target of $63.50.

Gentherm Price Performance

Shares of THRM opened at $49.64 on Friday. The firm has a market cap of $1.57 billion, a PE ratio of 34.00 and a beta of 1.45. Gentherm has a 52-week low of $38.21 and a 52-week high of $63.23. The business’s 50 day moving average price is $51.05 and its two-hundred day moving average price is $51.90. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.44 and a current ratio of 2.11.

Gentherm (NASDAQ:THRM) last released its earnings results on Wednesday, July 31st. The auto parts company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.04. The company had revenue of $375.70 million for the quarter, compared to the consensus estimate of $375.82 million. Gentherm had a net margin of 4.61% and a return on equity of 14.03%. Gentherm’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.58 EPS. On average, equities analysts anticipate that Gentherm will post 2.89 EPS for the current year.

Insider Buying and Selling at Gentherm

In other news, CEO Phillip Eyler sold 15,000 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $50.03, for a total value of $750,450.00. Following the completion of the sale, the chief executive officer now directly owns 147,317 shares of the company’s stock, valued at $7,370,269.51. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders sold 45,000 shares of company stock worth $2,317,050. Insiders own 1.91% of the company’s stock.

Institutional Trading of Gentherm

Several institutional investors and hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in Gentherm by 2,995.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 268,920 shares of the auto parts company’s stock worth $15,484,000 after purchasing an additional 260,233 shares in the last quarter. Norges Bank purchased a new position in shares of Gentherm in the 4th quarter worth approximately $10,991,000. Trigran Investments Inc. grew its holdings in shares of Gentherm by 10.7% in the fourth quarter. Trigran Investments Inc. now owns 1,887,857 shares of the auto parts company’s stock valued at $98,848,000 after acquiring an additional 183,170 shares in the last quarter. Granahan Investment Management LLC increased its position in shares of Gentherm by 61.2% during the fourth quarter. Granahan Investment Management LLC now owns 412,971 shares of the auto parts company’s stock valued at $21,623,000 after acquiring an additional 156,842 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in Gentherm by 119.4% during the second quarter. American Century Companies Inc. now owns 259,185 shares of the auto parts company’s stock worth $12,783,000 after acquiring an additional 141,047 shares during the period. Hedge funds and other institutional investors 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.