Gentherm (NASDAQ:THRM) Stock Moved Down to “Hold” by Zacks Research

Zacks Research downgraded shares of Gentherm (NASDAQ:THRM) from a strong-buy rating to a hold rating in a research note released on Monday morning,Zacks reports.

Other analysts also recently issued research reports about the company. Freedom Capital downgraded Gentherm from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. Wall Street Zen downgraded shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Stifel Nicolaus upped their price target on shares of Gentherm from $44.00 to $59.00 and gave the company a “buy” rating in a report on Friday, July 24th. JPMorgan Chase & Co. raised shares of Gentherm from a “neutral” rating to an “overweight” rating and set a $48.00 price target for the company in a research report on Tuesday, September 15th. Finally, CJS Securities began coverage on shares of Gentherm in a report on Monday, September 14th. They issued an “outperform” rating and a $50.00 price target on the stock. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $46.50.

Gentherm Stock Up 0.9%

THRM opened at $33.92 on Monday. Gentherm has a 12 month low of $27.00 and a 12 month high of $48.35. 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 business’s 50-day moving average price is $39.77 and its 200-day moving average price is $34.83. The company has a market cap of $1.04 billion, a P/E ratio of 38.99, a P/E/G ratio of 0.77 and a beta of 1.34.

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

Gentherm Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Monday, September 28th will be given a $1.90 dividend. The ex-dividend date is Friday, October 2nd.

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

Insider Activity

In other news, SVP Wayne Kauffman, III sold 4,700 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $43.21, for a total transaction of $203,087.00. Following the transaction, the senior vice president directly owned 27,421 shares of the company’s stock, valued at approximately $1,184,861.41. The trade was a 14.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Gentherm

Several institutional investors and hedge funds have recently modified their holdings of THRM. Meeder Asset Management Inc. purchased a new position in shares of Gentherm during the second quarter valued at about $30,000. Allworth Financial LP bought a new position in Gentherm in the second quarter worth about $37,000. Public Employees Retirement System of Ohio purchased a new stake in Gentherm in the second quarter worth about $39,000. Palladiem LLC purchased a new stake in Gentherm in the fourth quarter worth about $52,000. Finally, Globeflex Capital L P bought a new stake in Gentherm during the 2nd quarter valued at approximately $133,000. 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.