Gentherm (NASDAQ:THRM) Upgraded at StockNews.com

StockNews.com upgraded shares of Gentherm (NASDAQ:THRM) from a buy rating to a strong-buy rating in a research note issued to investors on Monday.

THRM has been the subject of a number of other reports. Robert W. Baird decreased their target price on Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. JPMorgan Chase & Co. raised Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price target on the stock in a research report on Monday, October 21st. Finally, Craig Hallum lowered their price objective on Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, October 31st.

Gentherm Stock Up 0.9 %

Shares of NASDAQ:THRM opened at $39.92 on Monday. The firm has a market capitalization of $1.24 billion, a PE ratio of 18.65 and a beta of 1.42. Gentherm has a 1 year low of $37.94 and a 1 year high of $62.93. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.02 and a quick ratio of 1.38. The firm’s 50-day moving average is $41.78 and its two-hundred day moving average is $46.04.

Gentherm (NASDAQ:THRM) last announced its earnings results on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.09. Gentherm had a net margin of 4.61% and a return on equity of 14.36%. The firm had revenue of $371.50 million for the quarter, compared to the consensus estimate of $372.89 million. During the same period in the prior year, the firm earned $0.64 EPS. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. Analysts predict that Gentherm will post 2.71 EPS for the current year.

Insider Transactions at Gentherm

In other news, SVP Thomas Stocker sold 1,295 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $42.98, for a total transaction of $55,659.10. Following the completion of the sale, the senior vice president now owns 13,413 shares in the company, valued at approximately $576,490.74. The trade was a 8.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Hui (Helen) Xu sold 2,500 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $42.00, for a total transaction of $105,000.00. Following the completion of the transaction, the senior vice president now directly owns 18,947 shares in the company, valued at $795,774. This trade represents a 11.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.91% of the company’s stock.

Institutional Trading of Gentherm

Institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP increased its position in Gentherm by 952.9% during the third quarter. Quarry LP now owns 537 shares of the auto parts company’s stock worth $25,000 after buying an additional 486 shares during the period. Gladius Capital Management LP purchased a new position in shares of Gentherm during the third quarter worth approximately $44,000. Headlands Technologies LLC increased its holdings in shares of Gentherm by 134.0% in the 2nd quarter. Headlands Technologies LLC now owns 1,224 shares of the auto parts company’s stock valued at $60,000 after acquiring an additional 701 shares during the period. Palouse Capital Management Inc. purchased a new stake in Gentherm in the 2nd quarter valued at $92,000. Finally, MeadowBrook Investment Advisors LLC boosted its stake in Gentherm by 8.4% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock worth $156,000 after purchasing an additional 260 shares during the period. 97.13% of the stock is owned by hedge funds and other institutional investors.

Gentherm Company Profile

Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.