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

Gentherm Incorporated (NASDAQ:THRM) shares gapped up before the market opened 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.

Analysts Set New Price Targets

A number of research firms have recently weighed in on THRM. Robert W. Baird dropped their price target on shares of Gentherm from $44.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. JPMorgan Chase & Co. cut 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, StockNews.com cut Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 26th.

Gentherm Stock Up 0.4 %

The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.38. The business has a 50 day moving average price of $36.18 and a 200 day moving average price of $40.82. The firm has a market capitalization of $939.37 million, a P/E ratio of 14.70 and a beta of 1.45.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.39). The company had revenue of $352.91 million for the quarter, compared to the consensus estimate of $360.29 million. Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.90 EPS. On average, analysts predict that Gentherm Incorporated will post 3.1 earnings per share for the current year.

Institutional Trading of Gentherm

Several institutional investors have recently bought and sold shares of THRM. PharVision Advisers LLC acquired a new position in Gentherm in the fourth quarter valued at about $297,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Gentherm by 8.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 75,394 shares of the auto parts company’s stock valued at $3,010,000 after acquiring an additional 5,663 shares during the last quarter. Voloridge Investment Management LLC raised its holdings in Gentherm by 280.9% in the fourth quarter. Voloridge Investment Management LLC now owns 114,187 shares of the auto parts company’s stock worth $4,559,000 after purchasing an additional 84,207 shares during the period. Squarepoint Ops LLC raised its stake in Gentherm by 105.4% during the 4th quarter. Squarepoint Ops LLC now owns 42,647 shares of the auto parts company’s stock worth $1,703,000 after buying an additional 21,888 shares during the period. Finally, Sherbrooke Park Advisers LLC lifted its holdings in shares of Gentherm by 104.7% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 11,965 shares of the auto parts company’s stock valued at $478,000 after purchasing an additional 6,121 shares in the last quarter. Institutional investors and hedge funds 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.