Gentherm Inc (NASDAQ:THRM) Given Consensus Rating of “Moderate Buy” by Brokerages

Gentherm Inc (NASDAQ:THRM) has received an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $45.80.

THRM has been the subject of a number of recent research reports. Wall Street Zen cut Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. Weiss Ratings upgraded shares of Gentherm from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. boosted their price objective on shares of Gentherm from $41.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Robert W. Baird raised their target price on shares of Gentherm from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Finally, Stifel Nicolaus lifted their target price on shares of Gentherm from $44.00 to $59.00 and gave the company a “buy” rating in a report on Friday, July 24th.

Gentherm Trading Up 4.0%

Shares of Gentherm stock opened at $43.07 on Friday. Gentherm has a 1 year low of $27.00 and a 1 year high of $48.35. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.49 and a current ratio of 2.06. The company has a market capitalization of $1.32 billion, a P/E ratio of 49.51 and a beta of 1.35. The company’s fifty day moving average is $37.64 and its two-hundred day moving average is $33.32.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Thursday, July 23rd. The auto parts company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates 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 $404.94 million for the quarter, compared to analyst estimates of $382.90 million. During the same period in the previous year, the business posted $0.54 earnings per share. Gentherm’s quarterly revenue was up 11.0% on a year-over-year basis. Analysts forecast that Gentherm will post 2.92 earnings per share for the current year.

Gentherm announced that its Board of Directors has approved a share buyback plan on Thursday, July 23rd that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the auto parts company to reacquire up to 36.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

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

Institutional Trading of Gentherm

Several hedge funds have recently modified their holdings of THRM. Bessemer Group Inc. grew its holdings in Gentherm by 50.5% during the first quarter. Bessemer Group Inc. now owns 129,695 shares of the auto parts company’s stock worth $3,603,000 after acquiring an additional 43,500 shares during the period. Hillsdale Investment Management Inc. lifted its holdings in Gentherm by 639.3% in the first quarter. Hillsdale Investment Management Inc. now owns 206,446 shares of the auto parts company’s stock valued at $5,735,000 after acquiring an additional 178,521 shares during the period. Renaissance Technologies LLC boosted its position in shares of Gentherm by 24.5% during the 1st quarter. Renaissance Technologies LLC now owns 271,464 shares of the auto parts company’s stock worth $7,541,000 after purchasing an additional 53,400 shares in the last quarter. Royce & Associates LP purchased a new stake in shares of Gentherm during the 4th quarter worth $12,080,000. Finally, Bastion Asset Management Inc. acquired a new position in shares of Gentherm during the 1st quarter worth $6,213,000. 97.13% of the stock is owned by institutional investors and hedge funds.

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.