Gentherm (NASDAQ:THRM) Cut to Buy at Wall Street Zen

Wall Street Zen downgraded shares of Gentherm (NASDAQ:THRM) from a strong-buy rating to a buy rating in a report published on Saturday.

Other equities research analysts also recently issued research reports about the company. Roth Capital restated a “buy” rating and set a $50.00 price target on shares of Gentherm in a report on Wednesday, July 29th. Stifel Nicolaus lifted their price objective on Gentherm from $44.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, July 24th. JPMorgan Chase & Co. boosted their price objective on Gentherm from $41.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Weiss Ratings upgraded shares of Gentherm from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 29th. Finally, Freedom Capital cut shares of Gentherm from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $45.80.

Gentherm Stock Up 2.3%

Gentherm stock opened at $41.53 on Friday. Gentherm has a twelve month low of $27.00 and a twelve month high of $48.35. The stock’s fifty day simple moving average is $36.70 and its 200-day simple moving average is $33.06. The company has a current ratio of 2.06, a quick ratio of 1.49 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $1.28 billion, a P/E ratio of 47.74 and a beta of 1.38.

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

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

Insider Transactions at Gentherm

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

Institutional Investors Weigh In On Gentherm

Hedge funds and other institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC boosted 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 purchasing an additional 500 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Gentherm in the fourth quarter valued at approximately $35,000. Eagle Bay Advisors LLC acquired a new stake in Gentherm during the fourth quarter worth approximately $50,000. Palladiem LLC acquired a new stake in Gentherm during the fourth quarter worth approximately $52,000. Finally, Nisa Investment Advisors LLC raised its holdings in Gentherm by 21.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,994 shares of the auto parts company’s stock worth $73,000 after purchasing an additional 353 shares in the last quarter. Institutional investors and hedge funds own 97.13% of the company’s stock.

Gentherm Company Profile

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.