Gentherm Inc (NASDAQ:THRM) has received an average recommendation of “Buy” from the eleven research firms that are covering the stock. Five equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $40.86.
A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of Gentherm from a “sell” rating to a “hold” rating in a research note on Saturday, December 24th. TheStreet upgraded shares of Gentherm from a “c+” rating to a “b-” rating in a report on Wednesday, March 1st. Barrington Research upgraded shares of Gentherm from a “market perform” rating to an “outperform” rating and set a $43.00 target price on the stock in a report on Friday, January 13th. FBR & Co reiterated an “outperform” rating and issued a $45.00 target price (up previously from $42.00) on shares of Gentherm in a report on Wednesday, February 22nd. Finally, Argus upgraded shares of Gentherm from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Thursday, March 16th.
In other news, VP Ryan Wesley Gaul sold 6,608 shares of Gentherm stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $37.29, for a total transaction of $246,412.32. Following the sale, the vice president now directly owns 26,999 shares in the company, valued at approximately $1,006,792.71. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.41% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in THRM. Fuller & Thaler Asset Management Inc. purchased a new position in Gentherm during the third quarter worth approximately $30,158,000. Peregrine Capital Management LLC acquired a new stake in Gentherm during the third quarter worth $21,847,000. Bank of New York Mellon Corp increased its stake in Gentherm by 57.3% in the third quarter. Bank of New York Mellon Corp now owns 940,305 shares of the auto parts company’s stock worth $29,546,000 after buying an additional 342,539 shares during the period. Norges Bank acquired a new stake in Gentherm during the fourth quarter worth $9,383,000. Finally, Van Berkom & Associates Inc. increased its stake in Gentherm by 17.9% in the third quarter. Van Berkom & Associates Inc. now owns 1,827,616 shares of the auto parts company’s stock worth $57,424,000 after buying an additional 277,136 shares during the period. Hedge funds and other institutional investors own 95.36% of the company’s stock.
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Shares of Gentherm (NASDAQ:THRM) traded down 1.462% during mid-day trading on Monday, hitting $35.375. The stock had a trading volume of 129,403 shares. The firm has a market cap of $1.29 billion, a PE ratio of 16.926 and a beta of 1.97. Gentherm has a 52-week low of $26.60 and a 52-week high of $44.62. The firm has a 50 day moving average price of $36.34 and a 200 day moving average price of $33.63.
Gentherm (NASDAQ:THRM) last issued its earnings results on Tuesday, February 21st. The auto parts company reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.13. The firm earned $236.54 million during the quarter, compared to analysts’ expectations of $237.01 million. Gentherm had a net margin of 8.84% and a return on equity of 17.29%. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period last year, the firm posted $0.58 earnings per share. Equities analysts predict that Gentherm will post $2.41 EPS for the current year.
Gentherm Incorporated (Gentherm) is a global technology company engaged in the design, development, and manufacturing of thermal management technologies. The Company has two segments: Automotive and Industrial. Its products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation, patient temperature management, environmental product testing and other consumer and industrial temperature control needs.
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