Gentherm (NASDAQ:THRM) Earns Outperform Rating from Analysts at CJS Securities

CJS Securities assumed coverage on shares of Gentherm (NASDAQ:THRM) in a research report report published on Monday morning, Marketbeat reports. The firm issued an outperform rating and a $50.00 price objective on the auto parts company’s stock.

A number of other brokerages also recently commented on THRM. Weiss Ratings upgraded shares of Gentherm from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 29th. Stifel Nicolaus lifted their price target on shares of Gentherm from $44.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Wall Street Zen lowered Gentherm from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. JPMorgan Chase & Co. increased their price objective on Gentherm from $41.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Finally, Zacks Research upgraded Gentherm from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.50.

Gentherm Stock Down 0.3%

Shares of THRM opened at $37.97 on Monday. The firm has a fifty day moving average price of $39.90 and a 200-day moving average price of $34.51. The company has a current ratio of 2.06, a quick ratio of 1.49 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $1.17 billion, a P/E ratio of 43.64, a P/E/G ratio of 0.87 and a beta of 1.34. Gentherm has a 12-month low of $27.00 and a 12-month high of $48.35.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Thursday, July 23rd. The auto parts company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.56 by $0.19. Gentherm had a net margin of 1.68% and a return on equity of 12.06%. The company had revenue of $416.17 million for the quarter, compared to the consensus estimate of $382.90 million. During the same quarter last year, the firm posted $0.54 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. Equities research analysts expect that Gentherm will post 2.92 earnings per share for the current year.

Gentherm announced that its Board of Directors has authorized a share repurchase program on Thursday, July 23rd that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the auto parts company to repurchase up to 36.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other Gentherm news, SVP Wayne Kauffman, III sold 4,700 shares of Gentherm stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $43.21, for a total value of $203,087.00. Following the transaction, the senior vice president owned 27,421 shares in the company, valued at $1,184,861.41. The trade was a 14.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is currently owned by insiders.

Institutional Trading of Gentherm

Hedge funds have recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Gentherm in the 2nd quarter valued at about $165,005,000. Dimensional Fund Advisors LP raised its stake in shares of Gentherm by 7.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,474,493 shares of the auto parts company’s stock worth $40,960,000 after acquiring an additional 96,280 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Gentherm during the 2nd quarter worth approximately $27,822,000. Arrowstreet Capital Limited Partnership lifted its position in Gentherm by 1.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 554,641 shares of the auto parts company’s stock valued at $15,408,000 after acquiring an additional 10,058 shares during the last quarter. Finally, Royce & Associates LP acquired a new stake in Gentherm in the fourth quarter valued at approximately $12,080,000. 97.13% of the stock is owned by hedge funds and other institutional investors.

Gentherm Company Profile

Gentherm Inc (NASDAQ: THRM) develops and manufactures thermal management and pneumatic comfort technologies for the automotive and medical markets. The company’s products are designed to improve occupant comfort, regulate temperature and support specialized healthcare applications.

For automotive customers, Gentherm supplies heated and ventilated seating systems, climate-controlled seats, heated steering wheels, neck-conditioning systems and other interior comfort technologies. Its portfolio also includes battery thermal management and related solutions intended to help manage temperature in electrified vehicles.

In the medical market, Gentherm provides patient temperature-management systems used for warming and cooling during medical procedures and critical-care applications.