Gentherm (NASDAQ:THRM)‘s stock had its “overweight” rating reissued by analysts at JPMorgan Chase & Co. in a note issued to investors on Wednesday. They currently have a $39.00 price target on the auto parts company’s stock, down from their previous price target of $40.00. JPMorgan Chase & Co.’s price target points to a potential upside of 18.36% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research upgraded Gentherm from a “sell” rating to a “hold” rating in a research note on Thursday, January 25th. BidaskClub upgraded Gentherm from a “strong sell” rating to a “sell” rating in a research note on Friday, January 5th. 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. Longbow Research initiated coverage on Gentherm in a research note on Friday, January 5th. They issued an “underperform” rating for the company. Finally, B. Riley reiterated a “buy” rating on shares of Gentherm in a research note on Thursday, November 2nd. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $40.38.
Shares of Gentherm (NASDAQ:THRM) traded down $0.40 during midday trading on Wednesday, hitting $32.95. The company had a trading volume of 359,500 shares, compared to its average volume of 212,713. The company has a quick ratio of 2.47, a current ratio of 3.23 and a debt-to-equity ratio of 0.26. The stock has a market cap of $1,223.30, a PE ratio of 19.50, a P/E/G ratio of 0.53 and a beta of 1.86. Gentherm has a 1 year low of $29.50 and a 1 year high of $40.80.
Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Tuesday, February 20th. The auto parts company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.08. The firm had revenue of $257.19 million during the quarter, compared to analysts’ expectations of $253.48 million. Gentherm had a return on equity of 11.96% and a net margin of 3.57%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.68 EPS. analysts predict that Gentherm will post 2.51 EPS for the current year.
In other news, Director Maurice Ep Gunderson sold 10,000 shares of the 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 transaction, the director now directly owns 26,557 shares of the company’s stock, valued at $888,066.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.30% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in THRM. Northern Trust Corp increased its holdings in shares of Gentherm by 2.6% in the second quarter. Northern Trust Corp now owns 507,953 shares of the auto parts company’s stock valued at $19,708,000 after purchasing an additional 12,911 shares during the period. California Public Employees Retirement System increased its holdings in shares of Gentherm by 2.0% in the second quarter. California Public Employees Retirement System now owns 86,400 shares of the auto parts company’s stock valued at $3,352,000 after purchasing an additional 1,700 shares during the period. Voya Investment Management LLC increased its holdings in shares of Gentherm by 10.5% in the second quarter. Voya Investment Management LLC now owns 16,509 shares of the auto parts company’s stock valued at $641,000 after purchasing an additional 1,569 shares during the period. State Street Corp increased its holdings in shares of Gentherm by 3.9% in the second quarter. State Street Corp now owns 848,178 shares of the auto parts company’s stock valued at $32,908,000 after purchasing an additional 32,184 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in Gentherm during the second quarter worth about $345,000. 99.97% of the stock is currently 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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