Gentherm (NASDAQ:THRM) Upgraded by StockNews.com to Strong-Buy Rating

StockNews.com upgraded shares of Gentherm (NASDAQ:THRM) from a buy rating to a strong-buy rating in a research report sent to investors on Monday morning.

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

NASDAQ THRM opened at $39.56 on Monday. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34. Gentherm has a twelve month low of $37.94 and a twelve month high of $62.93. The stock has a 50-day moving average of $41.79 and a 200 day moving average of $46.15. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 18.49 and a beta of 1.42.

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

Insider Transactions at Gentherm

In other news, SVP Hui (Helen) Xu sold 2,500 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $42.00, for a total transaction of $105,000.00. Following the transaction, the senior vice president now owns 18,947 shares of the company’s stock, valued at approximately $795,774. The trade was a 11.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Thomas Stocker sold 1,295 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $42.98, for a total transaction 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. The trade was a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.91% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Gentherm by 7.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,923 shares of the auto parts company’s stock valued at $391,000 after purchasing an additional 581 shares during the period. Pembroke Management LTD raised its holdings in Gentherm by 16.6% in the 2nd quarter. Pembroke Management LTD now owns 319,230 shares of the auto parts company’s stock valued at $15,744,000 after buying an additional 45,403 shares during the period. Roubaix Capital LLC lifted its position in Gentherm by 16.7% in the second quarter. Roubaix Capital LLC now owns 53,647 shares of the auto parts company’s stock valued at $2,646,000 after buying an additional 7,671 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Gentherm by 0.6% during the second quarter. Victory Capital Management Inc. now owns 93,462 shares of the auto parts company’s stock worth $4,610,000 after buying an additional 596 shares during the period. Finally, Quest Partners LLC increased its position in shares of Gentherm by 116.8% during the second quarter. Quest Partners LLC now owns 12,627 shares of the auto parts company’s stock valued at $623,000 after acquiring an additional 6,802 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.