Gentherm (NASDAQ:THRM) Upgraded to Hold at Argus

Gentherm (NASDAQ:THRM) was upgraded by analysts at Argus to a “hold” rating in a research note issued on Friday,Zacks.com reports.

Several other equities research analysts also recently issued reports on the stock. Stifel Nicolaus began coverage on shares of Gentherm in a research note on Monday. They set a “buy” rating and a $41.00 price target on the stock. Wall Street Zen downgraded Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 21st. Weiss Ratings cut Gentherm from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, February 9th. Robert W. Baird lowered their price objective on Gentherm from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, February 20th. Finally, Loop Capital set a $38.00 price objective on Gentherm in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $40.40.

Gentherm Stock Performance

Gentherm stock opened at $32.77 on Friday. The firm has a market capitalization of $1.00 billion, a PE ratio of 53.72 and a beta of 1.34. Gentherm has a one year low of $22.75 and a one year high of $39.48. The stock’s 50 day moving average price is $35.18 and its 200 day moving average price is $35.56. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.30 and a current ratio of 1.92.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Thursday, February 19th. The auto parts company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.08). The firm had revenue of $382.79 million during the quarter, compared to analyst estimates of $371.91 million. Gentherm had a net margin of 1.22% and a return on equity of 10.07%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same period last year, the business earned $0.29 EPS. As a group, sell-side analysts expect that Gentherm will post 3.1 EPS for the current fiscal year.

Institutional Trading of Gentherm

Several institutional investors and hedge funds have recently bought and sold shares of THRM. Arrowstreet Capital Limited Partnership grew its position in shares of Gentherm by 385.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 543,200 shares of the auto parts company’s stock worth $18,501,000 after acquiring an additional 431,271 shares in the last quarter. Harvey Partners LLC lifted its stake in Gentherm by 72.6% during the third quarter. Harvey Partners LLC now owns 1,024,500 shares of the auto parts company’s stock worth $34,894,000 after purchasing an additional 431,072 shares during the last quarter. Royce & Associates LP acquired a new position in Gentherm in the fourth quarter worth $12,080,000. Segall Bryant & Hamill LLC increased its stake in Gentherm by 46.7% during the third quarter. Segall Bryant & Hamill LLC now owns 997,125 shares of the auto parts company’s stock valued at $33,962,000 after purchasing an additional 317,246 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. increased its stake in Gentherm by 23.5% during the second quarter. Global Alpha Capital Management Ltd. now owns 1,109,383 shares of the auto parts company’s stock valued at $31,384,000 after purchasing an additional 211,300 shares during the last quarter. Institutional investors and hedge funds own 97.13% of the company’s stock.

About Gentherm

Gentherm Incorporated (NASDAQ: THRM) is a global developer and supplier of advanced thermal management technologies for automotive, specialty vehicle, medical, consumer and industrial markets. The company’s core focus lies in delivering integrated heating and cooling systems designed to enhance energy efficiency, comfort and safety across a wide range of applications. Gentherm’s product portfolio includes seat thermal systems, heated and ventilated seating surfaces, steering wheel heaters, battery thermal management solutions, and climate systems for electric vehicles.

In the automotive sector, Gentherm partners with leading original equipment manufacturers to engineer and manufacture high-performance thermal solutions that meet stringent industry demands for reduced weight, lower energy consumption and improved passenger comfort.