Gentherm (NASDAQ:THRM) Cut to “Buy” at Wall Street Zen

Wall Street Zen lowered shares of Gentherm (NASDAQ:THRM) from a strong-buy rating to a buy rating in a research note released on Saturday.

Several other equities analysts also recently commented on the stock. Weiss Ratings downgraded shares of Gentherm from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, February 9th. Robert W. Baird lowered their price target on Gentherm from $42.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Roth Mkm reiterated a “buy” rating and issued a $44.00 price objective on shares of Gentherm in a research report on Friday, October 24th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Gentherm presently has an average rating of “Hold” and an average target price of $41.00.

Gentherm Stock Performance

Shares of THRM stock opened at $32.51 on Friday. The company has a market capitalization of $992.53 million, a P/E ratio of 53.30 and a beta of 1.34. Gentherm has a fifty-two week low of $22.75 and a fifty-two week high of $39.48. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.30 and a current ratio of 1.92. The stock has a 50 day moving average price of $35.49 and a two-hundred day moving average price of $35.59.

Gentherm (NASDAQ:THRM) last issued its earnings results on Thursday, February 19th. The auto parts company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.08). Gentherm had a return on equity of 10.07% and a net margin of 1.22%.The firm had revenue of $382.79 million during the quarter, compared to analysts’ expectations of $371.91 million. During the same period in the previous year, the firm earned $0.29 earnings per share. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. Analysts expect that Gentherm will post 3.1 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its position in shares of Gentherm by 160.3% during the fourth quarter. Farther Finance Advisors LLC now owns 812 shares of the auto parts company’s stock valued at $30,000 after purchasing an additional 500 shares in the last quarter. Allworth Financial LP lifted its position in Gentherm by 1,609.1% during the second quarter. Allworth Financial LP now owns 940 shares of the auto parts company’s stock valued at $27,000 after buying an additional 885 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Gentherm during the 4th quarter valued at $35,000. Hantz Financial Services Inc. grew its position in shares of Gentherm by 16,716.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,009 shares of the auto parts company’s stock worth $29,000 after buying an additional 1,003 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in shares of Gentherm by 295.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,364 shares of the auto parts company’s stock worth $39,000 after acquiring an additional 1,019 shares in the last quarter. Institutional investors own 97.13% of the company’s stock.

About Gentherm

Gentherm Incorporated (NASDAQ: THRM) is a global developer and supplier of advanced thermal management technologies for automotive, specialty vehicle, medical, consumer and industrial markets. The company’s core focus lies in delivering integrated heating and cooling systems designed to enhance energy efficiency, comfort and safety across a wide range of applications. Gentherm’s product portfolio includes seat thermal systems, heated and ventilated seating surfaces, steering wheel heaters, battery thermal management solutions, and climate systems for electric vehicles.

In the automotive sector, Gentherm partners with leading original equipment manufacturers to engineer and manufacture high-performance thermal solutions that meet stringent industry demands for reduced weight, lower energy consumption and improved passenger comfort.