Gentherm (THRM) Upgraded to “Hold” at Zacks Investment Research

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Zacks Investment Research upgraded shares of Gentherm (NASDAQ:THRM) from a sell rating to a hold rating in a report published on Saturday morning.

According to Zacks, “Gentherm Inc. is a developer and marketer of innovative thermal management technologies for a broad range of heating and cooling and temperature control applications. The Company offers heated seating, climate seating, electronics, and cables for the automotive markets. It is also building thermoelectric generators to capture the heat and convert it into electricity for various applications in automotive, industrial, and materials sectors. Gentherm Inc., formerly known as Amerigon Incorporated, is based in Northville, Michigan. “

Other equities research analysts have also recently issued research reports about the stock. Buckingham Research upped their price objective on shares of Gentherm from $38.00 to $40.00 and gave the company a neutral rating in a research note on Wednesday, October 3rd. ValuEngine cut shares of Gentherm from a buy rating to a hold rating in a research note on Thursday, October 11th. Barrington Research set a $50.00 price objective on shares of Gentherm and gave the company a buy rating in a research note on Monday, October 22nd. CL King assumed coverage on shares of Gentherm in a research note on Thursday, December 20th. They issued a neutral rating for the company. Finally, BidaskClub cut shares of Gentherm from a hold rating to a sell rating in a research note on Friday, October 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $43.33.

THRM stock traded up $0.75 during midday trading on Friday, reaching $43.84. The company had a trading volume of 142,112 shares, compared to its average volume of 316,682. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.55 and a quick ratio of 1.94. Gentherm has a 1 year low of $30.17 and a 1 year high of $50.30. The stock has a market cap of $1.53 billion, a PE ratio of 19.66 and a beta of 1.40.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings data on Thursday, October 25th. The auto parts company reported $0.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.05). Gentherm had a net margin of 2.31% and a return on equity of 14.28%. The business had revenue of $258.94 million during the quarter, compared to analysts’ expectations of $261.61 million. On average, research analysts expect that Gentherm will post 2.23 EPS for the current fiscal year.

In other Gentherm news, VP Kenneth John Phillips sold 8,500 shares of the company’s stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $45.93, for a total value of $390,405.00. Following the completion of the transaction, the vice president now directly owns 31,698 shares in the company, valued at approximately $1,455,889.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Barry G. Steele sold 2,200 shares of the company’s stock in a transaction on Tuesday, December 18th. The stock was sold at an average price of $41.50, for a total transaction of $91,300.00. Following the completion of the transaction, the chief financial officer now owns 58,848 shares of the company’s stock, valued at $2,442,192. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. American Trust Investment Advisors LLC increased its stake in shares of Gentherm by 1.8% in the 4th quarter. American Trust Investment Advisors LLC now owns 48,250 shares of the auto parts company’s stock worth $1,929,000 after acquiring an additional 830 shares in the last quarter. Mackey Komara & Dankovich LLC purchased a new stake in Gentherm during the 4th quarter valued at about $662,000. Vanguard Group Inc grew its position in Gentherm by 1.9% during the 3rd quarter. Vanguard Group Inc now owns 3,595,329 shares of the auto parts company’s stock valued at $163,408,000 after purchasing an additional 66,085 shares during the last quarter. Vanguard Group Inc. grew its position in Gentherm by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 3,595,329 shares of the auto parts company’s stock valued at $163,408,000 after purchasing an additional 66,085 shares during the last quarter. Finally, Morgan Stanley grew its position in Gentherm by 98.8% during the 3rd quarter. Morgan Stanley now owns 209,549 shares of the auto parts company’s stock valued at $9,523,000 after purchasing an additional 104,141 shares during the last quarter.

About Gentherm

Gentherm Incorporated designs, develops, and manufactures thermal management technologies in North America, Europe, and Asia. The company operates through two segments, Automotive and Industrial. The Automotive segment offers automotive seat comfort systems, including seat heaters, variable temperature climate control seats that are designed to provide individualized thermal comfort to automobile passengers; and integrated electronic components, such as blowers and electronic control units.

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Analyst Recommendations for Gentherm (NASDAQ:THRM)

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