Gentherm (NASDAQ:THRM) Upgraded to Neutral by JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Gentherm (NASDAQ:THRM) from an underweight rating to a neutral rating in a report published on Monday, MarketBeat Ratings reports. The brokerage currently has $56.00 price objective on the auto parts company’s stock.

Several other analysts have also recently weighed in on the company. Robert W. Baird cut their price objective 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 report on Friday, August 9th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $62.00.

Gentherm Price Performance

Shares of THRM stock opened at $40.36 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.46 and a current ratio of 2.11. The firm has a market cap of $1.28 billion, a P/E ratio of 27.64 and a beta of 1.43. The business’s 50 day moving average price is $46.90 and its 200-day moving average price is $49.61. Gentherm has a fifty-two week low of $38.21 and a fifty-two week high of $62.93.

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

Insider Activity

In related news, CEO Phillip Eyler sold 4,402 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $50.20, for a total value 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.91% of the company’s stock.

Institutional Investors Weigh In On Gentherm

A number of institutional investors have recently modified their holdings of the stock. Headlands Technologies LLC boosted its stake in Gentherm by 86.1% in the 1st quarter. Headlands Technologies LLC now owns 523 shares of the auto parts company’s stock worth $30,000 after purchasing an additional 242 shares in the last quarter. Palouse Capital Management Inc. bought a new position in shares of Gentherm in the second quarter worth approximately $92,000. Central Pacific Bank Trust Division purchased a new stake in shares of Gentherm during the first quarter valued at approximately $347,000. ProShare Advisors LLC increased its position in shares of Gentherm by 7.4% during the first quarter. ProShare Advisors LLC now owns 6,610 shares of the auto parts company’s stock valued at $381,000 after acquiring an additional 454 shares in the last quarter. Finally, Hsbc Holdings PLC raised its holdings in Gentherm by 3.5% in the 2nd quarter. Hsbc Holdings PLC now owns 6,834 shares of the auto parts company’s stock worth $337,000 after acquiring an additional 229 shares during the last quarter. 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.