Gentherm Inc (NASDAQ:THRM) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Gentherm Inc (NASDAQ:THRM) have earned an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $45.80.

A number of equities research analysts have weighed in on the company. Weiss Ratings upgraded Gentherm from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 29th. Zacks Research raised Gentherm from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. JPMorgan Chase & Co. increased their target price on Gentherm from $41.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Wall Street Zen downgraded shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, Stifel Nicolaus lifted their price target on shares of Gentherm from $44.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, July 24th.

Insiders Place Their Bets

In other Gentherm news, SVP Wayne Kauffman, III sold 4,700 shares of the firm’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $43.21, for a total transaction of $203,087.00. Following the completion of the transaction, the senior vice president directly owned 27,421 shares of the company’s stock, valued at $1,184,861.41. This trade represents a 14.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Gentherm

Several large investors have recently modified their holdings of THRM. Farther Finance Advisors LLC increased its holdings in Gentherm by 160.3% in the fourth quarter. Farther Finance Advisors LLC now owns 812 shares of the auto parts company’s stock valued at $30,000 after buying an additional 500 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Gentherm during the 2nd quarter worth approximately $30,000. Los Angeles Capital Management LLC bought a new position in Gentherm during the 4th quarter worth approximately $35,000. Allworth Financial LP acquired a new position in shares of Gentherm in the 2nd quarter worth approximately $37,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Gentherm in the 2nd quarter worth approximately $39,000. Institutional investors own 97.13% of the company’s stock.

Gentherm Stock Performance

NASDAQ:THRM opened at $40.70 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.06 and a quick ratio of 1.49. The firm has a 50-day moving average of $39.31 and a two-hundred day moving average of $34.23. The stock has a market cap of $1.25 billion, a P/E ratio of 46.78, a PEG ratio of 0.93 and a beta of 1.34. Gentherm has a 1-year low of $27.00 and a 1-year high of $48.35.

Gentherm (NASDAQ:THRM) last announced its earnings results on Thursday, July 23rd. The auto parts company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.19. Gentherm had a return on equity of 12.06% and a net margin of 1.68%.The company had revenue of $404.94 million during the quarter, compared to the consensus estimate of $382.90 million. During the same period last year, the firm earned $0.54 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. On average, research analysts expect that Gentherm will post 2.92 earnings per share for the current fiscal year.

Gentherm declared that its board has approved a share buyback plan on Thursday, July 23rd that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the auto parts company to purchase up to 36.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

About Gentherm

Gentherm Incorporated (NASDAQ: THRM) is a global developer and supplier of advanced thermal management technologies for automotive, specialty vehicle, medical, consumer and industrial markets. The company’s core focus lies in delivering integrated heating and cooling systems designed to enhance energy efficiency, comfort and safety across a wide range of applications. Gentherm’s product portfolio includes seat thermal systems, heated and ventilated seating surfaces, steering wheel heaters, battery thermal management solutions, and climate systems for electric vehicles.

In the automotive sector, Gentherm partners with leading original equipment manufacturers to engineer and manufacture high-performance thermal solutions that meet stringent industry demands for reduced weight, lower energy consumption and improved passenger comfort.