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

StockNews.com upgraded shares of Gentherm (NASDAQ:THRM) from a buy rating to a strong-buy rating in a research note issued to investors on Thursday.

A number of other brokerages also recently issued reports on THRM. Craig Hallum reduced their price target on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. JPMorgan Chase & Co. upgraded Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 target price on the stock in a research report on Monday, October 21st. Finally, Robert W. Baird dropped their price target on Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st.

Gentherm Price Performance

NASDAQ:THRM opened at $39.53 on Thursday. The stock has a market cap of $1.22 billion, a PE ratio of 18.47 and a beta of 1.42. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.34. The business’s 50-day simple moving average is $41.02 and its two-hundred day simple moving average is $45.22. Gentherm has a 52 week low of $37.94 and a 52 week high of $62.93.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. Gentherm had a return on equity of 14.36% and a net margin of 4.61%. The company had revenue of $371.50 million for the quarter, compared to analysts’ expectations of $372.89 million. During the same period in the previous year, the firm earned $0.64 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year. As a group, analysts forecast that Gentherm will post 2.71 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. American Century Companies Inc. raised its stake in shares of Gentherm by 119.4% in the second quarter. American Century Companies Inc. now owns 259,185 shares of the auto parts company’s stock valued at $12,783,000 after acquiring an additional 141,047 shares during the period. Oppenheimer Asset Management Inc. raised its position in Gentherm by 18.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 10,935 shares of the auto parts company’s stock worth $539,000 after purchasing an additional 1,706 shares during the period. Envestnet Asset Management Inc. lifted its stake in Gentherm by 0.7% in the second quarter. Envestnet Asset Management Inc. now owns 167,568 shares of the auto parts company’s stock worth $8,264,000 after purchasing an additional 1,201 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Gentherm by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,146,375 shares of the auto parts company’s stock worth $56,539,000 after purchasing an additional 37,365 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of Gentherm by 3.5% during the second quarter. Hsbc Holdings PLC now owns 6,834 shares of the auto parts company’s stock valued at $337,000 after buying an additional 229 shares during the period. 97.13% of the stock is owned by hedge funds and other institutional investors.

Gentherm Company Profile

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.