Gentherm (NASDAQ:THRM) Raised to Strong-Buy at StockNews.com

Gentherm (NASDAQ:THRM) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Monday.

Several other equities analysts have also weighed in on the company. JPMorgan Chase & Co. raised Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 target price on the stock in a research note on Monday, October 21st. Robert W. Baird reduced their price objective on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Finally, Craig Hallum lowered their target price on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, October 31st.

Gentherm Trading Up 0.9 %

THRM opened at $39.92 on Monday. The firm has a 50 day simple moving average of $41.79 and a 200 day simple moving average of $46.08. Gentherm has a fifty-two week low of $37.94 and a fifty-two week high of $62.93. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 18.65 and a beta of 1.42. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.02 and a quick ratio of 1.38.

Gentherm (NASDAQ:THRM) last issued its earnings results on Wednesday, October 30th. The auto parts company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.66 by $0.09. Gentherm had a net margin of 4.61% and a return on equity of 14.36%. The company had revenue of $371.50 million during the quarter, compared to analysts’ expectations of $372.89 million. During the same quarter in the previous year, the company posted $0.64 EPS. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Gentherm will post 2.71 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP Thomas Stocker sold 1,295 shares of Gentherm stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $42.98, for a total value of $55,659.10. Following the sale, the senior vice president now owns 13,413 shares of the company’s stock, valued at approximately $576,490.74. This trade represents a 8.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Hui (Helen) Xu sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $42.00, for a total value of $105,000.00. Following the completion of the sale, the senior vice president now owns 18,947 shares in the company, valued at $795,774. The trade was a 11.66 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.91% of the company’s stock.

Institutional Trading of Gentherm

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP boosted its holdings in Gentherm by 952.9% during the third quarter. Quarry LP now owns 537 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 486 shares during the last quarter. Gladius Capital Management LP bought a new stake in Gentherm during the 3rd quarter worth about $44,000. Headlands Technologies LLC boosted its stake in shares of Gentherm by 134.0% during the 2nd quarter. Headlands Technologies LLC now owns 1,224 shares of the auto parts company’s stock worth $60,000 after buying an additional 701 shares during the last quarter. Palouse Capital Management Inc. bought a new position in shares of Gentherm in the 2nd quarter valued at about $92,000. Finally, MeadowBrook Investment Advisors LLC increased its position in shares of Gentherm by 8.4% in the third quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock valued at $156,000 after acquiring an additional 260 shares during the last quarter. 97.13% of the stock is currently owned by institutional investors and hedge funds.

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.