Gentherm (NASDAQ:THRM)‘s stock had its “buy” rating reiterated by investment analysts at Barrington Research in a research report issued on Monday. They currently have a $43.00 price objective on the auto parts company’s stock. Barrington Research’s target price would suggest a potential upside of 36.29% from the stock’s current price. Barrington Research also issued estimates for Gentherm’s Q1 2018 earnings at $0.62 EPS, Q2 2018 earnings at $0.59 EPS, Q3 2018 earnings at $0.49 EPS, FY2018 earnings at $2.36 EPS, FY2019 earnings at $2.75 EPS and FY2019 earnings at $2.84 EPS.
The analysts wrote, “We have an OUTPERFORM investment rating on the shares with a $43 price target.””
Several other equities analysts have also recently weighed in on THRM. Zacks Investment Research cut Gentherm from a “hold” rating to a “sell” rating in a report on Saturday. Craig Hallum raised Gentherm from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $39.00 price objective (down from $40.00) on shares of Gentherm in a report on Wednesday, February 21st. BidaskClub raised Gentherm from a “strong sell” rating to a “sell” rating in a report on Thursday, February 8th. Finally, Argus dropped their price objective on Gentherm to $40.00 and set a “buy” rating for the company in a report on Friday, December 15th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $40.38.
Gentherm (NASDAQ:THRM) last announced its quarterly earnings data on Tuesday, February 20th. The auto parts company reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.08. The firm had revenue of $257.19 million during the quarter, compared to analysts’ expectations of $253.48 million. Gentherm had a return on equity of 11.81% and a net margin of 3.57%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.68 EPS. equities research analysts anticipate that Gentherm will post 2.27 earnings per share for the current fiscal year.
In other news, Director Maurice Ep Gunderson sold 10,000 shares of Gentherm stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $33.44, for a total value of $334,400.00. Following the transaction, the director now owns 26,557 shares in the company, valued at approximately $888,066.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.30% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Disciplined Growth Investors Inc. MN increased its stake in shares of Gentherm by 1.8% in the 4th quarter. Disciplined Growth Investors Inc. MN now owns 1,874,739 shares of the auto parts company’s stock valued at $59,523,000 after purchasing an additional 32,428 shares during the last quarter. MetLife Investment Advisors LLC bought a new position in shares of Gentherm in the 4th quarter valued at $549,000. Millennium Management LLC increased its stake in shares of Gentherm by 8.3% in the 4th quarter. Millennium Management LLC now owns 415,081 shares of the auto parts company’s stock valued at $13,179,000 after purchasing an additional 31,932 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Gentherm by 96.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 98,069 shares of the auto parts company’s stock valued at $3,114,000 after purchasing an additional 48,233 shares during the last quarter. Finally, Guggenheim Capital LLC increased its stake in shares of Gentherm by 17.1% in the 4th quarter. Guggenheim Capital LLC now owns 14,240 shares of the auto parts company’s stock valued at $451,000 after purchasing an additional 2,075 shares during the last quarter. Institutional investors own 99.97% of the company’s stock.
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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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