Gentherm (NASDAQ:THRM) Stock Rating Lowered by Zacks Research

Gentherm (NASDAQ:THRM – Get Free Report) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Wednesday, Zacks reports.

Several other research firms also recently commented on THRM. CJS Securities assumed coverage on shares of Gentherm in a research report on Monday, September 14th. They set an “outperform” rating and a $50.00 target price on the stock. Roth Capital restated a “buy” rating and issued a $50.00 price target on shares of Gentherm in a research report on Wednesday, July 29th. Freedom Capital downgraded shares of Gentherm from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. Wall Street Zen lowered shares of Gentherm from a “buy” rating to a “hold” rating in a report on Saturday, October 24th. Finally, Freedom Broker raised shares of Gentherm from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Tuesday. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Gentherm has a consensus rating of “Hold” and a consensus price target of $43.57.

Get Our Latest Research Report on THRM

Gentherm Price Performance

Gentherm stock opened at $32.20 on Wednesday. The stock has a 50-day moving average price of $34.73 and a two-hundred day moving average price of $34.07. Gentherm has a 12 month low of $25.31 and a 12 month high of $48.35. The company has a market capitalization of $989.83 million, a PE ratio of 107.33, a P/E/G ratio of 1.25 and a beta of 1.37. The company has a current ratio of 2.05, a quick ratio of 1.47 and a debt-to-equity ratio of 0.44.

Gentherm (NASDAQ:THRM – Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The auto parts company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.31). Gentherm had a return on equity of 10.30% and a net margin of 0.57%. The firm had revenue of $405.10 million for the quarter, compared to the consensus estimate of $404.16 million. During the same quarter last year, the firm posted $0.73 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. Analysts expect that Gentherm will post 2.65 EPS for the current year.

Gentherm announced that its board has approved a share buyback plan on Thursday, July 23rd that permits the company to buy back $400 million in shares. This repurchase authorization permits the auto parts company to reacquire up to 36.2% of its stock through open market purchases. Share repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Gentherm

In other news, CEO William Presley acquired 5,000 shares of the firm’s stock in a transaction dated Friday, October 23rd. The stock was bought at an average cost of $26.00 per share, for a total transaction of $130,000.00. Following the completion of the transaction, the chief executive officer directly owned 183,314 shares in the company, valued at $4,766,164. This represents a 2.80% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Paul Anthony Mascarenas bought 20,000 shares of the company’s stock in a transaction that occurred on Friday, October 23rd. The stock was purchased at an average price of $26.63 per share, for a total transaction of $532,600.00. Following the acquisition, the director owned 22,677 shares of the company’s stock, valued at $603,888.51. This trade represents a 747.10% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Gentherm

A number of hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE acquired a new stake in Gentherm in the second quarter valued at approximately $9,986,000. BlackRock Inc. bought a new stake in shares of Gentherm during the second quarter valued at approximately $165,005,000. Deutsche Bank AG acquired a new position in shares of Gentherm during the second quarter worth approximately $1,296,000. Walleye Capital LLC acquired a new position in shares of Gentherm during the second quarter worth approximately $802,000. Finally, Renaissance Technologies LLC raised its position in shares of Gentherm by 24.5% during the first quarter. Renaissance Technologies LLC now owns 271,464 shares of the auto parts company’s stock worth $7,541,000 after purchasing an additional 53,400 shares during the period. 97.13% of the stock is currently owned by institutional investors.

About Gentherm

(Get Free Report)

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 cooled seating systems, climate-controlled seats, heated steering wheels, seat ventilation, and other technologies designed to improve passenger comfort and manage temperature.

Gentherm also provides battery thermal management systems and related technologies that support the performance, efficiency, and safety of electrified vehicles.

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Analyst Recommendations for Gentherm (NASDAQ:THRM)

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