Barrington Research reiterated their outperform rating on shares of Gentherm (NASDAQ:THRM) in a research note issued to investors on Friday.
A number of other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Gentherm from a hold rating to a sell rating in a research report on Tuesday, October 24th. BidaskClub cut shares of Gentherm from a hold rating to a sell rating in a research report on Monday, December 11th. Longbow Research initiated coverage on shares of Gentherm in a research report on Friday, January 5th. They issued an underperform rating for the company. B. Riley reissued a buy rating on shares of Gentherm in a research report on Thursday, November 2nd. Finally, Argus reduced their target price on shares of Gentherm to $40.00 and set a buy rating for the company in a research report on Friday, December 15th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $40.57.
Shares of Gentherm (NASDAQ THRM) opened at $31.65 on Friday. The stock has a market cap of $1,160.95, a PE ratio of 17.49, a PEG ratio of 0.51 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 debt-to-equity ratio of 0.26, a current ratio of 3.23 and a quick ratio of 2.47.
In related 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 $1,024,717.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Maurice Ep Gunderson sold 10,000 shares of the business’s stock in a transaction dated 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 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 owned by insiders.
A number of hedge funds have recently bought and sold shares of THRM. Wells Fargo & Company MN raised its stake in Gentherm by 124.9% in the fourth quarter. Wells Fargo & Company MN now owns 538,996 shares of the auto parts company’s stock valued at $17,113,000 after purchasing an additional 299,351 shares in the last quarter. Schroder Investment Management Group acquired a new position in Gentherm in the third quarter valued at about $9,907,000. Fuller & Thaler Asset Management Inc. raised its stake in Gentherm by 11.6% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,391,672 shares of the auto parts company’s stock valued at $88,851,000 after purchasing an additional 247,857 shares in the last quarter. Trigran Investments Inc. raised its stake in Gentherm by 35.2% in the third quarter. Trigran Investments Inc. now owns 741,784 shares of the auto parts company’s stock valued at $27,558,000 after purchasing an additional 193,277 shares in the last quarter. Finally, Van Berkom & Associates Inc. raised its stake in Gentherm by 8.2% in the third quarter. Van Berkom & Associates Inc. now owns 2,001,682 shares of the auto parts company’s stock valued at $74,362,000 after purchasing an additional 151,444 shares in the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.
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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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