Roth Capital set a $33.00 target price on Gentherm Inc (NASDAQ:THRM) in a report released on Friday morning. The firm currently has a hold rating on the auto parts company’s stock.

A number of other analysts have also issued reports on THRM. Zacks Investment Research lowered shares of Gentherm from a hold rating to a sell rating in a research note on Wednesday, April 26th. Barrington Research lifted their price objective on shares of Gentherm from $43.00 to $47.00 and gave the company an outperform rating in a research note on Monday, May 1st. BMO Capital Markets reiterated an outperform rating and set a $44.00 price objective (up previously from $42.00) on shares of Gentherm in a research note on Wednesday, May 3rd. FBR & Co reiterated an outperform rating and set a $45.00 price objective on shares of Gentherm in a research note on Wednesday, May 31st. Finally, ValuEngine lowered shares of Gentherm from a buy rating to a hold rating in a research note on Friday, June 2nd. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Gentherm presently has a consensus rating of Hold and an average price target of $41.25.

Gentherm (NASDAQ:THRM) opened at 33.45 on Friday. The company has a 50 day moving average of $38.62 and a 200-day moving average of $37.05. Gentherm has a one year low of $26.60 and a one year high of $40.80. The firm has a market cap of $1.23 billion, a PE ratio of 15.35 and a beta of 1.96.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by $0.38. The firm had revenue of $243.40 million for the quarter, compared to analysts’ expectations of $244.48 million. Gentherm had a net margin of 8.34% and a return on equity of 16.34%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.59 EPS. On average, equities research analysts predict that Gentherm will post $2.51 earnings per share for the current year.

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In other news, insider Darren Schumacher sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $37.59, for a total transaction of $563,850.00. Following the completion of the sale, the insider now owns 47,881 shares of the company’s stock, valued at $1,799,846.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Erin Erwine Ascher sold 1,800 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $39.17, for a total transaction of $70,506.00. Following the sale, the vice president now directly owns 23,839 shares of the company’s stock, valued at approximately $933,773.63. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in THRM. First Bank & Trust increased its position in Gentherm by 4.3% in the second quarter. First Bank & Trust now owns 3,515 shares of the auto parts company’s stock worth $137,000 after buying an additional 144 shares in the last quarter. Texas Permanent School Fund increased its position in Gentherm by 1.2% in the second quarter. Texas Permanent School Fund now owns 26,812 shares of the auto parts company’s stock worth $1,040,000 after buying an additional 326 shares in the last quarter. Great West Life Assurance Co. Can increased its position in Gentherm by 3.1% in the second quarter. Great West Life Assurance Co. Can now owns 53,080 shares of the auto parts company’s stock worth $2,056,000 after buying an additional 1,600 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in Gentherm by 4.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 8,640 shares of the auto parts company’s stock worth $335,000 after buying an additional 370 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in Gentherm by 5.0% in the second quarter. Russell Investments Group Ltd. now owns 321,952 shares of the auto parts company’s stock worth $12,492,000 after buying an additional 15,211 shares in the last quarter. 98.27% of the stock is owned by institutional investors and hedge funds.

Gentherm Company Profile

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.

Analyst Recommendations for Gentherm (NASDAQ:THRM)

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