Gentherm (NASDAQ:THRM) Raised to Strong-Buy at StockNews.com

Gentherm (NASDAQ:THRM) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Monday.

Several other research firms have also weighed in on THRM. JPMorgan Chase & Co. upgraded Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price target on the stock in a report on Monday, October 21st. Robert W. Baird reduced their target price on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Finally, Craig Hallum dropped their price target on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, October 31st.

Gentherm Price Performance

Shares of Gentherm stock traded up $0.55 during trading hours on Monday, reaching $39.56. The company’s stock had a trading volume of 229,730 shares, compared to its average volume of 192,137. The firm has a 50 day moving average price of $41.79 and a 200-day moving average price of $46.15. 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 stock has a market cap of $1.23 billion, a P/E ratio of 18.49 and a beta of 1.42. Gentherm has a one year low of $37.94 and a one year high of $62.93.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.09. The company had revenue of $371.50 million for the quarter, compared to analysts’ expectations of $372.89 million. Gentherm had a return on equity of 14.36% and a net margin of 4.61%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 earnings per share. On average, analysts predict that Gentherm will post 2.71 EPS for the current year.

Insider Activity at Gentherm

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

Hedge Funds Weigh In On Gentherm

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Quarry LP raised its holdings in shares of 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 in the last quarter. Gladius Capital Management LP bought a new stake in shares of Gentherm in the 3rd quarter valued at about $44,000. Headlands Technologies LLC raised its holdings in shares of Gentherm by 134.0% in the 2nd quarter. Headlands Technologies LLC now owns 1,224 shares of the auto parts company’s stock valued at $60,000 after purchasing an additional 701 shares in the last quarter. Palouse Capital Management Inc. purchased a new stake in shares of Gentherm in the 2nd quarter worth approximately $92,000. Finally, MeadowBrook Investment Advisors LLC boosted its stake in shares of Gentherm by 8.4% during the third quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock valued at $156,000 after purchasing an additional 260 shares in the last quarter. 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.