Zacks Investment Research upgraded shares of Gentherm Inc (NASDAQ:THRM) from a sell rating to a hold rating in a research note published on Saturday morning.
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. “
THRM has been the subject of a number of other reports. BMO Capital Markets raised their price objective on shares of Gentherm from $44.00 to $46.00 and gave the stock an outperform rating in a research note on Friday, July 14th. FBR & Co reissued a buy rating on shares of Gentherm in a research note on Thursday, September 14th. Roth Capital set a $33.00 target price on shares of Gentherm and gave the stock a hold rating in a research note on Friday, July 28th. Craig Hallum cut shares of Gentherm from a buy rating to a hold rating and lowered their target price for the stock from $44.00 to $38.00 in a research note on Friday, July 28th. Finally, ValuEngine cut shares of Gentherm from a buy rating to a hold rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. Gentherm presently has a consensus rating of Hold and a consensus target price of $40.75.
Gentherm (NASDAQ THRM) opened at $33.55 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.47 and a current ratio of 3.23. Gentherm has a 12 month low of $26.60 and a 12 month high of $40.80. The firm has a market cap of $1,221.46, a P/E ratio of 18.71, a PEG ratio of 1.02 and a beta of 1.94.
Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.33). Gentherm had a return on equity of 12.82% and a net margin of 6.89%. The business had revenue of $235.85 million for the quarter, compared to analysts’ expectations of $235.94 million. During the same period last year, the business earned $0.61 earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. research analysts predict that Gentherm will post 1.63 earnings per share for the current year.
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A number of hedge funds have recently added to or reduced their stakes in the business. Comerica Bank grew its stake in Gentherm by 4.1% in the 3rd quarter. Comerica Bank now owns 50,719 shares of the auto parts company’s stock worth $1,671,000 after acquiring an additional 1,993 shares during the period. DekaBank Deutsche Girozentrale grew its stake in Gentherm by 40.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 35,000 shares of the auto parts company’s stock worth $1,081,000 after acquiring an additional 10,000 shares during the period. Rhumbline Advisers grew its stake in Gentherm by 2.4% in the 3rd quarter. Rhumbline Advisers now owns 74,902 shares of the auto parts company’s stock worth $2,783,000 after acquiring an additional 1,760 shares during the period. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Gentherm by 59.5% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 13,780 shares of the auto parts company’s stock valued at $512,000 after purchasing an additional 5,140 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of Gentherm by 65.1% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 19,229 shares of the auto parts company’s stock valued at $714,000 after purchasing an additional 7,585 shares during the last quarter. 95.51% of the stock is owned by hedge funds and other institutional investors.
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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