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

Gentherm (NASDAQ:THRM) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday.

A number of other equities research analysts have also weighed in on THRM. Robert W. Baird lowered 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. JPMorgan Chase & Co. decreased their price target on shares of Gentherm from $56.00 to $51.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Finally, Craig Hallum reduced their price objective on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st.

Gentherm Stock Performance

Shares of THRM stock opened at $35.44 on Tuesday. The company’s fifty day moving average price is $39.02 and its two-hundred day moving average price is $43.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.02 and a quick ratio of 1.38. The firm has a market capitalization of $1.10 billion, a P/E ratio of 16.56 and a beta of 1.42. Gentherm has a 12 month low of $35.09 and a 12 month high of $62.93.

Insider Buying and Selling at Gentherm

In other Gentherm news, SVP Thomas Stocker sold 1,295 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $42.98, for a total transaction of $55,659.10. Following the sale, the senior vice president now directly owns 13,413 shares of the company’s stock, valued at approximately $576,490.74. This represents a 8.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 transaction of $105,000.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 1.91% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Gentherm

Institutional investors have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Gentherm by 8.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 75,394 shares of the auto parts company’s stock valued at $3,010,000 after purchasing an additional 5,663 shares during the period. Voloridge Investment Management LLC lifted its stake in Gentherm by 280.9% in the fourth quarter. Voloridge Investment Management LLC now owns 114,187 shares of the auto parts company’s stock valued at $4,559,000 after buying an additional 84,207 shares during the last quarter. Squarepoint Ops LLC lifted its stake in Gentherm by 105.4% in the fourth quarter. Squarepoint Ops LLC now owns 42,647 shares of the auto parts company’s stock valued at $1,703,000 after buying an additional 21,888 shares during the last quarter. Sherbrooke Park Advisers LLC boosted its holdings in shares of Gentherm by 104.7% during the fourth quarter. Sherbrooke Park Advisers LLC now owns 11,965 shares of the auto parts company’s stock valued at $478,000 after acquiring an additional 6,121 shares during the period. Finally, ProShare Advisors LLC grew its position in shares of Gentherm by 41.5% during the fourth quarter. ProShare Advisors LLC now owns 9,276 shares of the auto parts company’s stock worth $370,000 after acquiring an additional 2,721 shares during the last quarter. 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.