Gentherm (NASDAQ:THRM) Stock Rating Upgraded by StockNews.com

Gentherm (NASDAQ:THRM) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Thursday.

A number of other analysts have also recently commented on THRM. Craig Hallum cut 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. JPMorgan Chase & Co. upgraded shares of Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 target price for the company in a research note on Monday, October 21st. Finally, Robert W. Baird reduced their price target on Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, October 31st.

Gentherm Stock Up 0.6 %

Shares of NASDAQ THRM traded up $0.25 during mid-day trading on Thursday, hitting $39.53. The company had a trading volume of 163,821 shares, compared to its average volume of 173,192. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34. The firm has a 50-day simple moving average of $41.02 and a two-hundred day simple moving average of $45.22. The company has a market capitalization of $1.22 billion, a PE ratio of 18.47 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 posted its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. Gentherm had a return on equity of 14.36% and a net margin of 4.61%. The firm had revenue of $371.50 million during the quarter, compared to the consensus estimate of $372.89 million. During the same period last year, the company earned $0.64 earnings per share. The business’s revenue was up 1.4% compared to the same quarter last year. On average, equities analysts expect that Gentherm will post 2.71 EPS for the current year.

Insider Buying and Selling

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

Institutional Trading of Gentherm

A number of institutional investors have recently bought and sold shares of the business. Hsbc Holdings PLC increased its holdings in shares of Gentherm by 3.5% during the second quarter. Hsbc Holdings PLC now owns 6,834 shares of the auto parts company’s stock worth $337,000 after purchasing an additional 229 shares during the period. MeadowBrook Investment Advisors LLC grew its position in Gentherm by 8.4% during the third quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock worth $156,000 after buying an additional 260 shares in the last quarter. Captrust Financial Advisors increased its stake in Gentherm by 3.9% during the 3rd quarter. Captrust Financial Advisors now owns 8,296 shares of the auto parts company’s stock worth $386,000 after acquiring an additional 314 shares during the period. Quarry LP raised its holdings in Gentherm by 952.9% in the 3rd 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. Finally, Guinness Atkinson Asset Management Inc lifted its position in shares of Gentherm by 3.2% during the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 17,929 shares of the auto parts company’s stock valued at $835,000 after acquiring an additional 553 shares during the period. Institutional investors own 97.13% of the company’s stock.

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.