Gentherm Inc (NASDAQ:THRM) has been given an average rating of “Hold” by the twelve brokerages that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, three have given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $40.17.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Gentherm from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. FBR & Co reiterated a “buy” rating and issued a $45.00 price target on shares of Gentherm in a research note on Thursday, October 26th. BidaskClub cut shares of Gentherm from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Longbow Research assumed coverage on shares of Gentherm in a research note on Friday, January 5th. They issued an “underperform” rating on the stock. Finally, B. Riley reiterated a “buy” rating on shares of Gentherm in a research note on Thursday, November 2nd.
In other Gentherm news, VP Erin Erwine Ascher sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $35.14, for a total value of $70,280.00. Following the completion of the transaction, the vice president now owns 29,161 shares of the company’s stock, valued at approximately $1,024,717.54. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Maurice Ep Gunderson sold 10,000 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $33.44, for a total value of $334,400.00. Following the completion of the transaction, the director now directly owns 26,557 shares of the company’s stock, valued at approximately $888,066.08. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of THRM. Teachers Advisors LLC raised its position in Gentherm by 6.8% in the 2nd quarter. Teachers Advisors LLC now owns 66,514 shares of the auto parts company’s stock worth $2,581,000 after buying an additional 4,255 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Gentherm in the 2nd quarter worth about $303,000. Northern Trust Corp raised its position in Gentherm by 2.6% in the 2nd quarter. Northern Trust Corp now owns 507,953 shares of the auto parts company’s stock worth $19,708,000 after buying an additional 12,911 shares during the last quarter. Vanguard Group Inc. raised its position in Gentherm by 0.5% in the 2nd 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 last quarter. Finally, California Public Employees Retirement System raised its position in Gentherm by 2.0% in the 2nd quarter. California Public Employees Retirement System now owns 86,400 shares of the auto parts company’s stock worth $3,352,000 after buying an additional 1,700 shares during the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.
Shares of Gentherm (THRM) traded up $0.15 during trading on Friday, reaching $30.80. 240,800 shares of the company were exchanged, compared to its average volume of 209,509. The company has a market cap of $1,124.26, a PE ratio of 17.02, a price-to-earnings-growth ratio of 0.49 and a beta of 1.86. Gentherm has a 52 week low of $29.50 and a 52 week high of $40.80. The company has a current ratio of 3.23, a quick ratio of 2.47 and a debt-to-equity ratio of 0.26.
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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.
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