Gentherm (NASDAQ:THRM) Price Target Raised to $43.00

Gentherm (NASDAQ:THRM) had its target price raised by JPMorgan Chase & Co. from $38.00 to $43.00 in a report released on Monday,Benzinga reports. They currently have a neutral rating on the auto parts company’s stock.

THRM has been the subject of a number of other reports. Robert W. Baird lifted their target price on Gentherm from $28.00 to $35.00 and gave the company an “outperform” rating in a research note on Friday, July 11th. Zacks Research downgraded Gentherm from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 20th. Weiss Ratings restated a “sell (d+)” rating on shares of Gentherm in a research note on Wednesday, October 8th. Wall Street Zen upgraded Gentherm from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Finally, Baird R W upgraded Gentherm from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.67.

Gentherm Stock Performance

Shares of THRM stock opened at $34.35 on Monday. The company has a quick ratio of 1.35, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. The business has a 50 day moving average of $35.28 and a two-hundred day moving average of $30.72. Gentherm has a 52 week low of $22.75 and a 52 week high of $47.00. The company has a market cap of $1.05 billion, a P/E ratio of 33.68 and a beta of 1.39.

Gentherm (NASDAQ:THRM) last issued its earnings results on Thursday, July 24th. The auto parts company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.05). Gentherm had a net margin of 2.18% and a return on equity of 9.90%. The company had revenue of $375.09 million during the quarter, compared to analyst estimates of $358.09 million. During the same quarter in the previous year, the firm earned $0.66 earnings per share. The business’s revenue was down .2% on a year-over-year basis. As a group, analysts anticipate that Gentherm will post 3.1 EPS for the current year.

Insider Activity

In other news, SVP Barbara J. Runyon sold 3,348 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $34.82, for a total transaction of $116,577.36. Following the completion of the transaction, the senior vice president directly owned 31,316 shares in the company, valued at approximately $1,090,423.12. The trade was a 9.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Gentherm

A number of institutional investors have recently added to or reduced their stakes in THRM. GAMMA Investing LLC lifted its position in Gentherm by 332.4% in the first quarter. GAMMA Investing LLC now owns 2,106 shares of the auto parts company’s stock worth $56,000 after purchasing an additional 1,619 shares during the period. SG Americas Securities LLC lifted its position in Gentherm by 22.9% in the first quarter. SG Americas Securities LLC now owns 17,291 shares of the auto parts company’s stock worth $462,000 after purchasing an additional 3,223 shares during the period. Oppenheimer Asset Management Inc. lifted its position in Gentherm by 10.2% in the first quarter. Oppenheimer Asset Management Inc. now owns 19,616 shares of the auto parts company’s stock worth $525,000 after purchasing an additional 1,818 shares during the period. Diversified Trust Co acquired a new stake in Gentherm in the first quarter worth approximately $251,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Gentherm by 12.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,477 shares of the auto parts company’s stock worth $424,000 after purchasing an additional 1,676 shares during the period. 97.13% of the stock is currently owned by institutional investors and hedge funds.

About Gentherm

Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.