Gentherm Inc (THRM) Receives Buy Rating from FBR & Co
Several other equities analysts have also commented on THRM. BidaskClub lowered Gentherm from a sell rating to a strong sell rating in a report on Thursday, August 10th. TheStreet lowered Gentherm from a b- rating to a c+ rating in a report on Thursday, August 17th. Barrington Research reduced their price objective on Gentherm from $47.00 to $43.00 and set an outperform rating for the company in a research report on Friday, July 28th. Zacks Investment Research downgraded Gentherm from a hold rating to a sell rating in a research report on Tuesday, August 1st. Finally, Craig Hallum downgraded Gentherm from a buy rating to a hold rating and reduced their price objective for the stock from $44.00 to $38.00 in a research report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $40.75.
Gentherm (NASDAQ:THRM) traded up 0.40% during mid-day trading on Wednesday, reaching $37.20. The company’s stock had a trading volume of 232,660 shares. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 17.07 and a beta of 1.97. The firm has a 50-day moving average of $32.90 and a 200-day moving average of $35.97. Gentherm has a 52 week low of $26.60 and a 52 week high of $40.80.
Gentherm (NASDAQ:THRM) last posted its earnings results on Thursday, July 27th. The auto parts company reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.38). The company had revenue of $243.40 million for the quarter, compared to the consensus estimate of $244.48 million. Gentherm had a net margin of 8.34% and a return on equity of 16.34%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the company posted $0.59 earnings per share. On average, equities research analysts expect that Gentherm will post $2.07 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Gentherm by 152,589.9% during the first quarter. BlackRock Inc. now owns 4,608,180 shares of the auto parts company’s stock worth $180,872,000 after buying an additional 4,605,162 shares during the period. Vanguard Group Inc. boosted its position in shares of Gentherm by 0.5% during the second quarter. Vanguard Group Inc. now owns 3,227,072 shares of the auto parts company’s stock worth $125,210,000 after buying an additional 14,890 shares during the period. Disciplined Growth Investors Inc. MN boosted its position in shares of Gentherm by 39.3% during the second quarter. Disciplined Growth Investors Inc. MN now owns 1,885,661 shares of the auto parts company’s stock worth $73,164,000 after buying an additional 532,415 shares during the period. Van Berkom & Associates Inc. boosted its position in shares of Gentherm by 2.9% during the second quarter. Van Berkom & Associates Inc. now owns 1,850,238 shares of the auto parts company’s stock worth $71,789,000 after buying an additional 51,960 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Gentherm by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,470,298 shares of the auto parts company’s stock worth $57,048,000 after buying an additional 14,626 shares during the period. Institutional investors and hedge funds own 96.75% of the company’s stock.
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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