CJS Securities began coverage on shares of Gentherm (NASDAQ:THRM – Get Free Report) in a research note issued to investors on Monday, Briefing.com reports. The brokerage set an “outperform” rating and a $50.00 price target on the auto parts company’s stock. CJS Securities’ price objective suggests a potential upside of 28.70% from the company’s current price.
Other equities analysts also recently issued reports about the stock. Roth Capital reaffirmed a “buy” rating and set a $50.00 price objective on shares of Gentherm in a report on Wednesday, July 29th. Stifel Nicolaus upped their target price on shares of Gentherm from $44.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, July 24th. JPMorgan Chase & Co. lifted their price objective on Gentherm from $41.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Weiss Ratings upgraded Gentherm from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 29th. Finally, Wall Street Zen cut Gentherm from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $46.50.
View Our Latest Report on THRM
Gentherm Price Performance
Gentherm (NASDAQ:THRM – Get Free Report) last issued its earnings results on Thursday, July 23rd. The auto parts company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.19. The business had revenue of $416.17 million during the quarter, compared to analyst estimates of $382.90 million. Gentherm had a return on equity of 12.06% and a net margin of 1.68%.Gentherm’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 earnings per share. Sell-side analysts predict that Gentherm will post 2.92 earnings per share for the current year.
Gentherm announced that its board has authorized a stock buyback program on Thursday, July 23rd that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the auto parts company to buy up to 36.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.
Insider Activity
In related news, SVP Wayne Kauffman, III sold 4,700 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $43.21, for a total transaction of $203,087.00. Following the completion of the sale, the senior vice president owned 27,421 shares in the company, valued at $1,184,861.41. This trade represents a 14.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.10% of the stock is owned by company insiders.
Institutional Trading of Gentherm
Several large investors have recently added to or reduced their stakes in THRM. Meeder Asset Management Inc. acquired a new stake in shares of Gentherm during the second quarter worth approximately $30,000. Los Angeles Capital Management LLC acquired a new position in shares of Gentherm in the 4th quarter worth approximately $35,000. Allworth Financial LP bought a new stake in Gentherm during the 2nd quarter worth approximately $37,000. Public Employees Retirement System of Ohio bought a new stake in Gentherm during the 2nd quarter worth approximately $39,000. Finally, Palladiem LLC bought a new stake in Gentherm during the 4th quarter worth approximately $52,000. 97.13% of the stock is owned by institutional investors.
Gentherm Company Profile
Gentherm Inc (NASDAQ: THRM) develops and manufactures thermal management and pneumatic comfort technologies for the automotive and medical markets. The company’s products are designed to improve occupant comfort, regulate temperature and support specialized healthcare applications.
For automotive customers, Gentherm supplies heated and ventilated seating systems, climate-controlled seats, heated steering wheels, neck-conditioning systems and other interior comfort technologies. Its portfolio also includes battery thermal management and related solutions intended to help manage temperature in electrified vehicles.
In the medical market, Gentherm provides patient temperature-management systems used for warming and cooling during medical procedures and critical-care applications.
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