Gentherm (NASDAQ:THRM) Downgraded to Buy Rating by Wall Street Zen

Wall Street Zen downgraded shares of Gentherm (NASDAQ:THRMFree Report) from a strong-buy rating to a buy rating in a report issued on Saturday.

A number of other research firms have also weighed in on THRM. JPMorgan Chase & Co. upped their target price on shares of Gentherm from $41.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Zacks Research upgraded Gentherm from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Stifel Nicolaus boosted their price objective on Gentherm from $44.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Roth Capital reissued a “buy” rating and issued a $50.00 price objective on shares of Gentherm in a research note on Wednesday. Finally, Robert W. Baird raised their target price on Gentherm from $33.00 to $34.00 and gave the company a “neutral” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $45.80.

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Gentherm Stock Performance

THRM opened at $40.53 on Friday. The company has a current ratio of 2.06, a quick ratio of 1.49 and a debt-to-equity ratio of 0.38. The company’s fifty day moving average price is $36.52 and its two-hundred day moving average price is $33.08. Gentherm has a 1-year low of $27.00 and a 1-year high of $48.35. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 46.59 and a beta of 1.38.

Gentherm (NASDAQ:THRMGet Free Report) last released its quarterly earnings data on Thursday, July 23rd. The auto parts company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.19. The firm had revenue of $404.94 million for the quarter, compared to analyst estimates of $382.90 million. Gentherm had a net margin of 1.68% and a return on equity of 12.06%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the firm earned $0.54 earnings per share. On average, analysts expect that Gentherm will post 2.92 EPS for the current fiscal year.

Gentherm declared that its Board of Directors has initiated a share repurchase plan on Thursday, July 23rd that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the auto parts company to buy up to 36.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at Gentherm

In other news, SVP Wayne S. Kauffman III sold 4,700 shares of Gentherm stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $43.21, for a total transaction of $203,087.00. Following the sale, the senior vice president directly owned 27,421 shares in the company, valued at $1,184,861.41. The trade was a 14.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.10% of the stock is owned by insiders.

Institutional Trading of Gentherm

Several hedge funds have recently added to or reduced their stakes in THRM. Vanguard Group Inc. grew its position in shares of Gentherm by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 3,332,197 shares of the auto parts company’s stock valued at $121,192,000 after acquiring an additional 29,214 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Gentherm by 7.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,474,493 shares of the auto parts company’s stock worth $40,960,000 after purchasing an additional 96,280 shares during the period. Ameriprise Financial Inc. lifted its stake in Gentherm by 42.8% in the third quarter. Ameriprise Financial Inc. now owns 635,066 shares of the auto parts company’s stock valued at $21,630,000 after purchasing an additional 190,432 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Gentherm by 1.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 554,641 shares of the auto parts company’s stock valued at $15,408,000 after purchasing an additional 10,058 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its holdings in Gentherm by 56.5% during the second quarter. Qube Research & Technologies Ltd now owns 469,097 shares of the auto parts company’s stock valued at $13,271,000 after purchasing an additional 169,401 shares during the period. Institutional investors own 97.13% of the company’s stock.

About Gentherm

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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.

Further Reading

Analyst Recommendations for Gentherm (NASDAQ:THRM)

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