Gentherm (NASDAQ:THRM) Upgraded to “Neutral” at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Gentherm (NASDAQ:THRM) from an underweight rating to a neutral rating in a research note issued to investors on Monday, MarketBeat Ratings reports. They currently have $56.00 price objective on the auto parts company’s stock.

Several other research firms also recently weighed in on THRM. Robert W. Baird lowered their target price on Gentherm from $65.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. StockNews.com upgraded Gentherm from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $62.00.

Gentherm Stock Performance

Shares of THRM stock opened at $40.36 on Monday. The firm has a market capitalization of $1.28 billion, a PE ratio of 27.64 and a beta of 1.43. The company has a 50 day moving average price of $46.90 and a 200-day moving average price of $49.61. Gentherm has a 52 week low of $38.21 and a 52 week high of $62.93. The company has a quick ratio of 1.46, a current ratio of 2.11 and a debt-to-equity ratio of 0.35.

Gentherm (NASDAQ:THRM) last announced its earnings results on Wednesday, July 31st. The auto parts company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.04. The business had revenue of $375.70 million during the quarter, compared to analyst estimates of $375.82 million. Gentherm had a net margin of 4.61% and a return on equity of 14.03%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.58 EPS. As a group, equities research analysts expect that Gentherm will post 2.81 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Phillip Eyler sold 4,402 shares of Gentherm stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $50.20, for a total transaction of $220,980.40. Following the sale, the chief executive officer now owns 147,317 shares in the company, valued at $7,395,313.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.91% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James & Associates grew its holdings in Gentherm by 18.9% during the 3rd quarter. Raymond James & Associates now owns 128,468 shares of the auto parts company’s stock valued at $5,980,000 after buying an additional 20,401 shares in the last quarter. Inspire Investing LLC increased its position in Gentherm by 23.0% in the third quarter. Inspire Investing LLC now owns 8,815 shares of the auto parts company’s stock worth $410,000 after purchasing an additional 1,651 shares during the last quarter. Guinness Atkinson Asset Management Inc raised its stake in Gentherm by 3.2% during the third quarter. Guinness Atkinson Asset Management Inc now owns 17,929 shares of the auto parts company’s stock valued at $835,000 after purchasing an additional 553 shares in the last quarter. Creative Planning lifted its position in Gentherm by 49.9% during the second quarter. Creative Planning now owns 8,732 shares of the auto parts company’s stock valued at $431,000 after purchasing an additional 2,905 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN grew its stake in shares of Gentherm by 0.7% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 1,146,620 shares of the auto parts company’s stock worth $56,551,000 after buying an additional 8,049 shares in the last quarter. Institutional investors own 97.13% of the company’s stock.

About Gentherm

Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.