Gentherm Inc (NASDAQ:THRM) Stock Rated “Moderate Buy” by Wall Street Brokerages

Gentherm Inc (NASDAQ:THRM) has earned an average rating of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $46.50.

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. raised Gentherm from a “neutral” rating to an “overweight” rating and set a $48.00 target price on the stock in a research note on Tuesday, September 15th. CJS Securities began coverage on Gentherm in a research report on Monday, September 14th. They set an “outperform” rating and a $50.00 price target for the company. Zacks Research raised Gentherm from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Wall Street Zen downgraded Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, Roth Capital reaffirmed a “buy” rating and set a $50.00 price objective on shares of Gentherm in a research note on Wednesday, July 29th.

Gentherm Stock Up 3.9%

Shares of NASDAQ THRM opened at $35.21 on Friday. Gentherm has a 12-month low of $27.00 and a 12-month high of $48.35. The company has a market capitalization of $1.08 billion, a PE ratio of 40.47, a price-to-earnings-growth ratio of 0.77 and a beta of 1.34. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.06 and a quick ratio of 1.49. The firm’s 50-day moving average is $39.86 and its two-hundred day moving average is $34.72.

Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Thursday, July 23rd. The auto parts company reported $0.75 EPS for the quarter, beating 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 business had revenue of $416.17 million for the quarter, compared to analyst estimates of $382.90 million. During the same period in the prior year, the business earned $0.54 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. Equities analysts anticipate that Gentherm will post 2.92 EPS for the current fiscal year.

Gentherm announced that its board has initiated a stock buyback program on Thursday, July 23rd that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the auto parts company to purchase up to 36.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Gentherm Announces Dividend

The company also recently announced a special dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Monday, September 28th will be issued a $1.90 dividend.

Insider Activity at Gentherm

In other news, SVP Wayne Kauffman, III sold 4,700 shares of Gentherm stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $43.21, for a total transaction of $203,087.00. Following the completion of the sale, the senior vice president directly 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Gentherm

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Gentherm during the second quarter worth approximately $165,005,000. Dimensional Fund Advisors LP raised its holdings in Gentherm by 7.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,474,493 shares of the auto parts company’s stock valued at $40,960,000 after acquiring an additional 96,280 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Gentherm during the 2nd quarter worth $27,822,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Gentherm by 1.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 554,641 shares of the auto parts company’s stock worth $15,408,000 after purchasing an additional 10,058 shares during the period. Finally, Bank of America Corp DE acquired a new stake in shares of Gentherm during the second quarter worth $9,986,000. Hedge funds and other institutional investors own 97.13% of the company’s stock.

About Gentherm

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.