Gentherm (NASDAQ:THRM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, January 25th.
According to Zacks, “Gentherm Inc. is a developer and marketer of innovative thermal management technologies for a broad range of heating and cooling and temperature control applications. The Company offers heated seating, climate seating, electronics, and cables for the automotive markets. It is also building thermoelectric generators to capture the heat and convert it into electricity for various applications in automotive, industrial, and materials sectors. Gentherm Inc., formerly known as Amerigon Incorporated, is based in Northville, Michigan. “
A number of other analysts have also commented on the company. BidaskClub upgraded Gentherm from a “strong sell” rating to a “sell” rating in a report on Friday, January 5th. FBR & Co reaffirmed a “buy” rating and issued a $45.00 target price on shares of Gentherm in a research report on Thursday, October 26th. Argus lowered their target price on Gentherm to $40.00 and set a “buy” rating on the stock in a research report on Friday, December 15th. Longbow Research began coverage on Gentherm in a research report on Friday, January 5th. They issued an “underperform” rating on the stock. Finally, B. Riley reissued a “buy” rating on shares of Gentherm in a research report on Thursday, November 2nd. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $40.57.
Gentherm (THRM) opened at $30.80 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.47 and a current ratio of 3.23. The firm has a market capitalization of $1,130.00, a PE ratio of 17.02, a price-to-earnings-growth ratio of 0.49 and a beta of 1.86. Gentherm has a twelve month low of $29.50 and a twelve month high of $40.80.
In related news, VP Erin Erwine Ascher sold 2,000 shares of the stock in a transaction on 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 sale, the vice president now directly owns 29,161 shares in the company, valued at $1,024,717.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maurice Ep Gunderson sold 10,000 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $33.44, for a total value of $334,400.00. Following the completion of the sale, the director now owns 26,557 shares of the company’s stock, valued at $888,066.08. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Riverhead Capital Management LLC increased its holdings in Gentherm by 70.6% in the second quarter. Riverhead Capital Management LLC now owns 2,730 shares of the auto parts company’s stock valued at $106,000 after purchasing an additional 1,130 shares during the period. Tiedemann Wealth Management LLC grew its holdings in Gentherm by 16.2% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 31,328 shares of the auto parts company’s stock worth $192,000 after acquiring an additional 4,378 shares during the period. Zeke Capital Advisors LLC acquired a new stake in Gentherm during the 3rd quarter worth about $228,000. BancorpSouth Bank acquired a new stake in Gentherm during the 4th quarter worth about $228,000. Finally, Victory Capital Management Inc. grew its holdings in Gentherm by 37.4% during the 3rd quarter. Victory Capital Management Inc. now owns 6,156 shares of the auto parts company’s stock worth $229,000 after acquiring an additional 1,677 shares during the period. Institutional investors and hedge funds own 99.29% of the company’s stock.
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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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