Gentherm (NASDAQ:THRM) Upgraded to Hold at Argus

Argus upgraded shares of Gentherm (NASDAQ:THRM) to a hold rating in a report released on Friday,Zacks.com reports.

Other research analysts also recently issued reports about the company. Stifel Nicolaus initiated coverage on Gentherm in a research note on Monday. They issued a “buy” rating and a $41.00 price objective on the stock. Weiss Ratings downgraded Gentherm from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 9th. Wall Street Zen lowered Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 21st. Loop Capital set a $38.00 price target on Gentherm in a report on Wednesday. Finally, Robert W. Baird decreased their price target on shares of Gentherm from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $40.40.

Gentherm Trading Down 0.7%

Shares of NASDAQ THRM traded down $0.23 during midday trading on Friday, reaching $32.77. The stock had a trading volume of 358,936 shares, compared to its average volume of 386,853. The company’s 50 day moving average price is $35.18 and its 200 day moving average price is $35.56. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.30 and a current ratio of 1.92. Gentherm has a twelve month low of $22.75 and a twelve month high of $39.48. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 53.72 and a beta of 1.34.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Allworth Financial LP increased its position in shares of Gentherm by 1,609.1% during the 2nd quarter. Allworth Financial LP now owns 940 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 885 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in Gentherm by 16,716.7% during the second 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 last quarter. Farther Finance Advisors LLC raised its position in Gentherm by 160.3% in the fourth quarter. Farther Finance Advisors LLC now owns 812 shares of the auto parts company’s stock worth $30,000 after acquiring an additional 500 shares during the period. Los Angeles Capital Management LLC purchased a new position in Gentherm in the fourth quarter valued at about $35,000. Finally, Nisa Investment Advisors LLC boosted its stake in Gentherm by 295.4% in the second quarter. Nisa Investment Advisors LLC now owns 1,364 shares of the auto parts company’s stock valued at $39,000 after acquiring an additional 1,019 shares during the last quarter. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Gentherm Company Profile

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.