Gentherm Inc (NASDAQ:THRM) Stock Rated “Hold” by Sell-Side Brokerages

Gentherm Inc (NASDAQ:THRM) has been given a consensus rating of “Hold” by the nine research firms that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $44.67.

A number of research firms have recently commented on THRM. Zacks Research downgraded Gentherm from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Freedom Capital cut Gentherm from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. CJS Securities assumed coverage on Gentherm in a report on Monday, September 14th. They issued an “outperform” rating and a $50.00 target price on the stock. Weiss Ratings raised Gentherm from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 29th. Finally, Roth Capital restated a “buy” rating and set a $50.00 price target on shares of Gentherm in a research note on Wednesday, July 29th.

Insider Buying and Selling at Gentherm

In other Gentherm news, SVP Wayne Kauffman, III sold 4,700 shares of the company’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $43.21, for a total value 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 represents a 14.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Gentherm

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in Gentherm during the second quarter valued at approximately $165,005,000. Dimensional Fund Advisors LP grew its position in shares of Gentherm by 7.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,474,493 shares of the auto parts company’s stock worth $40,960,000 after acquiring an additional 96,280 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Gentherm in the 2nd quarter worth approximately $27,822,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Gentherm by 1.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 554,641 shares of the auto parts company’s stock valued at $15,408,000 after acquiring an additional 10,058 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Gentherm by 7.6% during the 1st quarter. Bank of America Corp DE now owns 307,770 shares of the auto parts company’s stock valued at $8,550,000 after acquiring an additional 21,677 shares in the last quarter. Institutional investors own 97.13% of the company’s stock.

Gentherm Stock Performance

Gentherm stock opened at $29.27 on Wednesday. Gentherm has a fifty-two week low of $27.00 and a fifty-two week high of $48.35. The company has a market capitalization of $899.76 million, a price-to-earnings ratio of 33.64, a PEG ratio of 0.66 and a beta of 1.37. The stock has a fifty day moving average of $36.48 and a two-hundred day moving average of $35.10. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.49 and a current ratio of 2.06.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Thursday, July 23rd. The auto parts company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.19. Gentherm had a net margin of 1.68% and a return on equity of 12.06%. The business had revenue of $416.17 million during the quarter, compared to analyst estimates of $382.90 million. During the same quarter in the previous year, the business posted $0.54 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. On average, analysts anticipate that Gentherm will post 2.89 EPS for the current fiscal year.

Gentherm Announces Dividend

The business also recently disclosed a special dividend, which was paid on Wednesday, October 7th. Shareholders of record on Monday, September 28th were paid a dividend of $1.90 per share.

Gentherm declared that its board has approved a stock repurchase program on Thursday, July 23rd that authorizes the company to buy back $400.00 million in shares. This buyback authorization authorizes the auto parts company to purchase up to 36.2% of its stock through open market purchases. Share buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

About Gentherm

Gentherm Incorporated (NASDAQ: THRM) develops and manufactures thermal management and comfort technologies for the automotive and medical industries. The company’s automotive products include heated and ventilated seats, climate-controlled seating systems, heated steering wheels, thermal management systems for electric vehicles, and other components designed to improve passenger comfort and energy efficiency.

In the medical market, Gentherm provides patient temperature-management products and systems used in hospitals and other healthcare settings.