Gentherm (NASDAQ:THRM – Get Free Report) had its price target lifted by equities research analysts at JPMorgan Chase & Co. from $37.00 to $38.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 25.95% from the company’s previous close.
Several other equities analysts also recently issued reports on THRM. Stifel Nicolaus increased their price objective on shares of Gentherm from $37.00 to $38.00 and gave the company a “buy” rating in a report on Friday, April 24th. Robert W. Baird raised their price target on shares of Gentherm from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Wall Street Zen raised shares of Gentherm from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 25th. Argus raised shares of Gentherm to a “hold” rating in a research note on Friday, February 27th. Finally, Loop Capital set a $38.00 target price on shares of Gentherm in a research note on Wednesday, February 25th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $37.40.
Get Our Latest Stock Report on THRM
Gentherm Stock Down 4.1%
Gentherm (NASDAQ:THRM – Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The auto parts company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.53 by $0.31. The company had revenue of $393.71 million for the quarter, compared to analyst estimates of $363.82 million. Gentherm had a net margin of 1.47% and a return on equity of 11.25%. The firm’s revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the business earned $0.51 earnings per share. On average, research analysts forecast that Gentherm will post 2.68 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in THRM. Arrowstreet Capital Limited Partnership grew its holdings in shares of Gentherm by 385.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 543,200 shares of the auto parts company’s stock valued at $18,501,000 after purchasing an additional 431,271 shares in the last quarter. Harvey Partners LLC grew its holdings in Gentherm by 72.6% during the 3rd quarter. Harvey Partners LLC now owns 1,024,500 shares of the auto parts company’s stock worth $34,894,000 after acquiring an additional 431,072 shares in the last quarter. Royce & Associates LP acquired a new position in Gentherm during the 4th quarter worth approximately $12,080,000. Segall Bryant & Hamill LLC boosted its holdings in shares of Gentherm by 46.7% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 997,125 shares of the auto parts company’s stock valued at $33,962,000 after buying an additional 317,246 shares in the last quarter. Finally, Bastion Asset Management Inc. acquired a new position in shares of Gentherm in the 1st quarter valued at $6,213,000. Institutional investors and hedge funds own 97.13% of the company’s stock.
About Gentherm
Gentherm Incorporated (NASDAQ: THRM) is a global developer and supplier of advanced thermal management technologies for automotive, specialty vehicle, medical, consumer and industrial markets. The company’s core focus lies in delivering integrated heating and cooling systems designed to enhance energy efficiency, comfort and safety across a wide range of applications. Gentherm’s product portfolio includes seat thermal systems, heated and ventilated seating surfaces, steering wheel heaters, battery thermal management solutions, and climate systems for electric vehicles.
In the automotive sector, Gentherm partners with leading original equipment manufacturers to engineer and manufacture high-performance thermal solutions that meet stringent industry demands for reduced weight, lower energy consumption and improved passenger comfort.
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