Shares of Gentherm Inc (NASDAQ:THRM – Get Free Report) have received a consensus rating of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $44.67.
Several equities research analysts have weighed in on THRM shares. JPMorgan Chase & Co. upgraded Gentherm from a “neutral” rating to an “overweight” rating and set a $48.00 target price for the company in a report on Tuesday, September 15th. Stifel Nicolaus set a $48.00 price objective on Gentherm in a report on Monday. Zacks Research lowered shares of Gentherm from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Weiss Ratings upgraded shares of Gentherm from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 29th. Finally, Freedom Capital cut shares of Gentherm from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th.
View Our Latest Stock Analysis on THRM
Insider Activity at Gentherm
In other Gentherm news, SVP Wayne Kauffman, III sold 4,700 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $43.21, for a total value of $203,087.00. Following the completion of the sale, the senior vice president owned 27,421 shares of the company’s stock, valued at approximately $1,184,861.41. This trade represents a 14.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.10% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of THRM. BlackRock Inc. acquired a new stake in Gentherm in the second quarter valued at $165,005,000. Dimensional Fund Advisors LP raised its stake in shares of Gentherm by 7.0% during 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 buying an additional 96,280 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Gentherm in the 2nd quarter worth about $27,822,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Gentherm by 1.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 554,641 shares of the auto parts company’s stock worth $15,408,000 after buying an additional 10,058 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in Gentherm by 7.6% in the 1st quarter. Bank of America Corp DE now owns 307,770 shares of the auto parts company’s stock valued at $8,550,000 after acquiring an additional 21,677 shares during the last quarter. 97.13% of the stock is currently owned by hedge funds and other institutional investors.
Gentherm Stock Performance
NASDAQ:THRM opened at $29.27 on Wednesday. The stock’s fifty day moving average is $36.48 and its 200 day moving average is $35.10. Gentherm has a fifty-two week low of $27.00 and a fifty-two week high of $48.35. The firm has a market capitalization of $899.76 million, a PE ratio of 33.64, a PEG ratio of 0.66 and a beta of 1.37. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.49 and a current ratio of 2.06.
Gentherm (NASDAQ:THRM – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The auto parts company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.19. The firm had revenue of $416.17 million for the quarter, compared to the consensus estimate of $382.90 million. Gentherm had a return on equity of 12.06% and a net margin of 1.68%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 earnings per share. On average, sell-side analysts anticipate that Gentherm will post 2.89 earnings per share for the current year.
Gentherm declared that its Board of Directors has initiated a share repurchase program on Thursday, July 23rd that permits the company to buy back $400.00 million in outstanding shares. This repurchase authorization permits the auto parts company to reacquire up to 36.2% of its stock through open market purchases. Share repurchase programs are typically a sign that the company’s management believes its stock is undervalued.
Gentherm Announces Dividend
The business also recently announced a special dividend, which was paid on Wednesday, October 7th. Shareholders of record on Monday, September 28th were paid a $1.90 dividend.
Gentherm Company Profile
Gentherm Incorporated (NASDAQ: THRM) develops and manufactures thermal management and comfort technologies for the automotive and medical industries. The company’s automotive products include heated and ventilated seats, climate-controlled seating systems, heated steering wheels, thermal management systems for electric vehicles, and other components designed to improve passenger comfort and energy efficiency.
In the medical market, Gentherm provides patient temperature-management products and systems used in hospitals and other healthcare settings.
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