Gentherm (NASDAQ:THRM) Given New $35.00 Price Target at Robert W. Baird

Gentherm (NASDAQ:THRM) had its price target raised by Robert W. Baird from $28.00 to $35.00 in a research report report published on Friday,Benzinga reports. The brokerage currently has an outperform rating on the auto parts company’s stock.

Gentherm Stock Down 2.6%

Shares of NASDAQ:THRM opened at $30.28 on Friday. The stock has a market capitalization of $934.44 million, a price-to-earnings ratio of 18.93 and a beta of 1.42. Gentherm has a 1-year low of $22.75 and a 1-year high of $56.68. The company’s fifty day moving average is $28.02 and its two-hundred day moving average is $31.04. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.49 and a current ratio of 2.16.

Gentherm (NASDAQ:THRM) last issued its earnings results on Thursday, April 24th. The auto parts company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The company had revenue of $353.85 million for the quarter, compared to analysts’ expectations of $347.39 million. Gentherm had a net margin of 3.44% and a return on equity of 10.81%. The firm’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.62 earnings per share. Equities analysts anticipate that Gentherm will post 3.1 EPS for the current year.

Insider Buying and Selling at Gentherm

In other news, CEO William T. Presley acquired 3,000 shares of the company’s stock in a transaction that occurred on Friday, April 25th. The shares were acquired at an average price of $24.67 per share, with a total value of $74,010.00. Following the acquisition, the chief executive officer directly owned 161,103 shares in the company, valued at approximately $3,974,411.01. The trade was a 1.90% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is currently owned by company insiders.

Institutional Trading of Gentherm

A number of large investors have recently modified their holdings of the company. Comerica Bank increased its holdings in shares of Gentherm by 1.4% in the 4th quarter. Comerica Bank now owns 21,012 shares of the auto parts company’s stock worth $839,000 after acquiring an additional 300 shares during the period. Signaturefd LLC increased its holdings in shares of Gentherm by 233.8% in the 4th quarter. Signaturefd LLC now owns 661 shares of the auto parts company’s stock worth $26,000 after acquiring an additional 463 shares during the period. US Bancorp DE increased its holdings in shares of Gentherm by 20.2% in the 1st quarter. US Bancorp DE now owns 3,364 shares of the auto parts company’s stock worth $90,000 after acquiring an additional 565 shares during the period. Rhumbline Advisers increased its holdings in shares of Gentherm by 0.7% in the 1st quarter. Rhumbline Advisers now owns 91,414 shares of the auto parts company’s stock worth $2,444,000 after acquiring an additional 656 shares during the period. Finally, Barclays PLC increased its holdings in shares of Gentherm by 1.4% in the 4th quarter. Barclays PLC now owns 62,346 shares of the auto parts company’s stock worth $2,489,000 after acquiring an additional 880 shares during the period. Institutional investors and hedge funds own 97.13% of the company’s stock.

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.