Gentherm Incorporated (NASDAQ:THRM) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Gentherm Incorporated (NASDAQ:THRM) from a sell rating to a hold rating in a report released on Saturday, November 4th.

According to Zacks, “Gentherm Inc. is a developer and marketer of innovative thermal management technologies for a broad range of heating and cooling and temperature control applications. The Company offers heated seating, climate seating, electronics, and cables for the automotive markets. It is also building thermoelectric generators to capture the heat and convert it into electricity for various applications in automotive, industrial, and materials sectors. Gentherm Inc., formerly known as Amerigon Incorporated, is based in Northville, Michigan. “

A number of other analysts have also weighed in on THRM. BidaskClub lowered shares of Gentherm from a sell rating to a strong sell rating in a research report on Thursday, August 10th. TheStreet lowered shares of Gentherm from a b- rating to a c+ rating in a research report on Thursday, August 17th. Barrington Research reduced their target price on shares of Gentherm from $47.00 to $43.00 and set an outperform rating on the stock in a research report on Friday, July 28th. Craig Hallum lowered shares of Gentherm from a buy rating to a hold rating and reduced their target price for the stock from $44.00 to $38.00 in a research report on Friday, July 28th. Finally, ValuEngine lowered shares of Gentherm from a buy rating to a hold rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $40.75.

Gentherm (NASDAQ THRM) remained flat at $$35.35 during trading on Friday. The stock had a trading volume of 78,600 shares, compared to its average volume of 218,196. The company has a current ratio of 3.23, a quick ratio of 2.47 and a debt-to-equity ratio of 0.26. Gentherm has a 1 year low of $29.50 and a 1 year high of $40.80. The company has a market capitalization of $1,300.00, a PE ratio of 19.86, a price-to-earnings-growth ratio of 1.08 and a beta of 1.94.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.33). Gentherm had a return on equity of 4.85% and a net margin of 2.78%. The firm had revenue of $235.85 million during the quarter, compared to analysts’ expectations of $235.94 million. During the same period last year, the company earned $0.61 earnings per share. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. equities research analysts forecast that Gentherm will post 1.63 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Gentherm by 152,589.9% during the first quarter. BlackRock Inc. now owns 4,608,180 shares of the auto parts company’s stock valued at $180,872,000 after purchasing an additional 4,605,162 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Gentherm by 0.5% during the second quarter. Vanguard Group Inc. now owns 3,227,072 shares of the auto parts company’s stock valued at $125,210,000 after purchasing an additional 14,890 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Gentherm by 11.6% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,391,672 shares of the auto parts company’s stock valued at $88,851,000 after purchasing an additional 247,857 shares in the last quarter. Van Berkom & Associates Inc. boosted its stake in shares of Gentherm by 8.2% during the third quarter. Van Berkom & Associates Inc. now owns 2,001,682 shares of the auto parts company’s stock valued at $74,362,000 after purchasing an additional 151,444 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN boosted its stake in shares of Gentherm by 39.3% during the second quarter. Disciplined Growth Investors Inc. MN now owns 1,885,661 shares of the auto parts company’s stock valued at $73,164,000 after purchasing an additional 532,415 shares in the last quarter. Hedge funds and other institutional investors own 97.90% of the company’s stock.

Gentherm Company Profile

Gentherm Incorporated (Gentherm) is a global technology company engaged in the design, development, and manufacturing of thermal management technologies. The Company has two segments: Automotive and Industrial. Its products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation, patient temperature management, environmental product testing and other consumer and industrial temperature control needs.

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