Gentherm (NASDAQ:THRM) Rating Lowered to “Hold” at Zacks Research

Gentherm (NASDAQ:THRM) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday, Zacks reports.

Other research analysts have also issued research reports about the company. Freedom Capital lowered Gentherm from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. Wall Street Zen cut shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. JPMorgan Chase & Co. raised shares of Gentherm from a “neutral” rating to an “overweight” rating and set a $48.00 price objective for the company in a report on Tuesday, September 15th. Weiss Ratings upgraded shares of Gentherm from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 29th. Finally, CJS Securities started coverage on shares of Gentherm in a research note on Monday, September 14th. They set an “outperform” rating and a $50.00 target price on the stock. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Gentherm has a consensus rating of “Hold” and an average price target of $46.50.

Gentherm Trading Up 0.9%

Gentherm stock opened at $33.92 on Monday. Gentherm has a 52-week low of $27.00 and a 52-week high of $48.35. The company has a quick ratio of 1.49, a current ratio of 2.06 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 38.99, a PEG ratio of 0.77 and a beta of 1.34. The firm has a 50-day moving average price of $39.77 and a two-hundred day moving average price of $34.83.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings results on Thursday, July 23rd. The auto parts company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.56 by $0.19. Gentherm had a net margin of 1.68% and a return on equity of 12.06%. The company had revenue of $416.17 million for the quarter, compared to analyst estimates of $382.90 million. During the same quarter last year, the business earned $0.54 earnings per share. Gentherm’s revenue was up 11.0% compared to the same quarter last year. Sell-side analysts expect that Gentherm will post 2.92 earnings per share for the current year.

Gentherm announced that its Board of Directors has authorized a share buyback program on Thursday, July 23rd that allows the company to buyback $400.00 million in shares. This buyback authorization allows the auto parts company to purchase up to 36.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Transactions at Gentherm

In other Gentherm news, SVP Wayne Kauffman, III sold 4,700 shares of Gentherm stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $43.21, for a total value of $203,087.00. Following the transaction, the senior vice president owned 27,421 shares in the company, valued at approximately $1,184,861.41. The trade was a 14.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Gentherm

Large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of Gentherm during the second quarter worth $165,005,000. Dimensional Fund Advisors LP boosted its position 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 valued at $40,960,000 after purchasing an additional 96,280 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Gentherm in the 2nd quarter valued at $27,822,000. Arrowstreet Capital Limited Partnership increased its stake in 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 purchasing an additional 10,058 shares in the last quarter. Finally, Bank of America Corp DE increased 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 worth $8,550,000 after purchasing an additional 21,677 shares in the last quarter. 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.