Gentherm (NASDAQ:THRM) Stock Rating Upgraded by StockNews.com

Gentherm (NASDAQ:THRM) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday.

A number of other research analysts also recently weighed in on the company. Craig Hallum cut 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. 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. Finally, Robert W. Baird reduced their target price on Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st.

Gentherm Price Performance

Shares of THRM stock opened at $40.14 on Thursday. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.34. Gentherm has a 12 month low of $37.94 and a 12 month high of $62.93. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 18.76 and a beta of 1.42. The stock has a 50-day moving average price of $40.95 and a 200 day moving average price of $45.16.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.75 EPS for the quarter, topping 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 earned $0.64 EPS. Gentherm’s revenue was up 1.4% on a year-over-year basis. Research analysts expect that Gentherm will post 2.71 EPS for the current year.

Insider Transactions at Gentherm

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

Institutional Trading of Gentherm

A number of large investors have recently bought and sold shares of THRM. American Century Companies Inc. boosted its holdings 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 buying an additional 141,047 shares during the period. Oppenheimer Asset Management Inc. lifted 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 valued at $539,000 after acquiring an additional 1,706 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Gentherm by 0.7% in the 2nd 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 period. Dimensional Fund Advisors LP increased its holdings in Gentherm by 3.4% during the 2nd 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 in the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of Gentherm by 3.5% in the 2nd quarter. Hsbc Holdings PLC now owns 6,834 shares of the auto parts company’s stock valued at $337,000 after purchasing an additional 229 shares during the period. 97.13% of the stock is owned by institutional investors.

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.