Gentherm (THRM) Lifted to Hold at BidaskClub

Gentherm (NASDAQ:THRM) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

THRM has been the topic of several other reports. Zacks Investment Research raised Gentherm from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Wednesday, August 29th. ValuEngine raised Gentherm from a “hold” rating to a “buy” rating in a research report on Thursday, July 26th. JPMorgan Chase & Co. upped their target price on Gentherm from $46.00 to $50.00 and gave the company an “overweight” rating in a research report on Friday, July 27th. Buckingham Research upped their target price on Gentherm from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, October 3rd. Finally, Barrington Research reissued a “buy” rating and issued a $50.00 target price on shares of Gentherm in a research report on Thursday, July 26th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $44.20.

Shares of THRM stock opened at $43.33 on Tuesday. The firm has a market cap of $1.54 billion, a PE ratio of 18.76 and a beta of 1.60. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.94 and a current ratio of 2.55. Gentherm has a 12-month low of $30.17 and a 12-month high of $50.30.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Thursday, October 25th. The auto parts company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.05). The business had revenue of $258.94 million for the quarter, compared to analyst estimates of $261.61 million. Gentherm had a return on equity of 14.28% and a net margin of 2.31%. On average, analysts predict that Gentherm will post 2.24 earnings per share for the current year.

In other Gentherm news, Director Ronald T. Hundzinski purchased 1,500 shares of the stock in a transaction on Friday, August 3rd. The shares were bought at an average cost of $45.90 per share, with a total value of $68,850.00. Following the completion of the acquisition, the director now owns 9,831 shares in the company, valued at $451,242.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Frithjof Oldorff sold 20,000 shares of the company’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $49.15, for a total transaction of $983,000.00. Following the completion of the sale, the insider now directly owns 57,442 shares in the company, valued at $2,823,274.30. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the business. Krane Funds Advisors LLC boosted its holdings in Gentherm by 19.1% in the second quarter. Krane Funds Advisors LLC now owns 8,763 shares of the auto parts company’s stock valued at $344,000 after purchasing an additional 1,403 shares during the last quarter. Zions Bancorporation boosted its holdings in Gentherm by 55.2% in the second quarter. Zions Bancorporation now owns 4,275 shares of the auto parts company’s stock valued at $168,000 after purchasing an additional 1,520 shares during the last quarter. UBS Group AG boosted its holdings in Gentherm by 1.6% in the first quarter. UBS Group AG now owns 116,841 shares of the auto parts company’s stock valued at $3,967,000 after purchasing an additional 1,806 shares during the last quarter. Sei Investments Co. boosted its holdings in Gentherm by 59.0% in the second quarter. Sei Investments Co. now owns 4,915 shares of the auto parts company’s stock valued at $193,000 after purchasing an additional 1,824 shares during the last quarter. Finally, Xact Kapitalforvaltning AB boosted its stake in shares of Gentherm by 20.4% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 11,816 shares of the auto parts company’s stock worth $537,000 after acquiring an additional 2,000 shares in the last quarter.

About Gentherm

Gentherm Incorporated designs, develops, and manufactures thermal management technologies in North America, Europe, and Asia. The company operates through two segments, Automotive and Industrial. The Automotive segment offers automotive seat comfort systems, including seat heaters, variable temperature climate control seats that are designed to provide individualized thermal comfort to automobile passengers; and integrated electronic components, such as blowers and electronic control units.

Further Reading: Stock Split

Analyst Recommendations for Gentherm (NASDAQ:THRM)

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