Gentherm (NASDAQ:THRM) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Gentherm (NASDAQ:THRM – Get Rating) in a report released on Thursday morning. The firm issued a hold rating on the auto parts company’s stock.

A number of other brokerages have also issued reports on THRM. TheStreet lowered Gentherm from a b- rating to a c rating in a research report on Wednesday, February 22nd. Robert W. Baird decreased their target price on Gentherm from $88.00 to $82.00 and set an outperform rating on the stock in a research report on Thursday, February 23rd. Finally, JPMorgan Chase & Co. decreased their target price on Gentherm from $64.00 to $61.00 and set an underweight rating on the stock in a research report on Thursday, February 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Hold and an average price target of $74.33.

Gentherm Trading Down 2.9 %

Gentherm stock opened at $58.35 on Thursday. The company has a current ratio of 2.39, a quick ratio of 1.63 and a debt-to-equity ratio of 0.35. Gentherm has a 12 month low of $49.45 and a 12 month high of $77.46. The stock’s 50 day simple moving average is $68.87 and its two-hundred day simple moving average is $65.05. The firm has a market cap of $1.94 billion, a PE ratio of 81.04 and a beta of 1.37.

Gentherm (NASDAQ:THRM – Get Rating) last released its quarterly earnings data on Wednesday, February 22nd. The auto parts company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.18). Gentherm had a return on equity of 9.41% and a net margin of 2.03%. The company had revenue of $343.30 million during the quarter, compared to analysts’ expectations of $341.51 million. During the same quarter in the prior year, the company posted $0.61 EPS. The company’s revenue for the quarter was up 38.3% on a year-over-year basis. Analysts anticipate that Gentherm will post 2.59 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in Gentherm by 1.6% in the 3rd quarter. BlackRock Inc. now owns 5,113,717 shares of the auto parts company’s stock valued at $254,304,000 after purchasing an additional 82,400 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Gentherm by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,558,992 shares of the auto parts company’s stock valued at $176,989,000 after purchasing an additional 14,046 shares in the last quarter. Trigran Investments Inc. lifted its holdings in Gentherm by 49.5% in the 3rd quarter. Trigran Investments Inc. now owns 1,711,272 shares of the auto parts company’s stock valued at $85,102,000 after purchasing an additional 566,583 shares in the last quarter. State Street Corp lifted its holdings in Gentherm by 2.7% in the 1st quarter. State Street Corp now owns 1,105,979 shares of the auto parts company’s stock valued at $80,781,000 after purchasing an additional 28,569 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Gentherm by 0.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 991,137 shares of the auto parts company’s stock valued at $61,857,000 after purchasing an additional 8,371 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

About Gentherm

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Gentherm, Inc engages in the designing, development, manufacturing, and marketing of heating, cooling, and ventilating devices. It operates through the following business segments: Automotive and Medical. The Automotive segment designs, develops, produces, and sells automotive seat comfort systems, specialized automotive cable systems, and automotive and non-automotive thermal convenience products.