Gentherm (NASDAQ:THRM) Stock Rating Lowered by Wall Street Zen

Gentherm (NASDAQ:THRM) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

THRM has been the topic of several other reports. Weiss Ratings upgraded Gentherm from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday. 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. Robert W. Baird raised their price target on shares of Gentherm from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Roth Capital reissued a “buy” rating and set a $50.00 price target on shares of Gentherm in a research report on Wednesday. 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. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.80.

Gentherm Stock Down 0.1%

Shares of Gentherm stock opened at $40.53 on Friday. Gentherm has a 1-year low of $27.00 and a 1-year high of $48.35. The company has a market capitalization of $1.24 billion, a PE ratio of 46.59 and a beta of 1.35. 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 business has a 50-day moving average of $36.52 and a 200-day moving average of $33.04.

Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Thursday, July 23rd. The auto parts company reported $0.75 EPS for the quarter, topping 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 was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.54 earnings per share. As a group, equities analysts forecast that Gentherm will post 2.92 EPS for the current fiscal year.

Gentherm announced that its Board of Directors has authorized a share buyback program on Thursday, July 23rd that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the auto parts company to repurchase up to 36.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Insider Activity

In other news, SVP Wayne S. Kauffman III sold 4,700 shares of Gentherm 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 approximately $1,184,861.41. The trade was a 14.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Gentherm

A number of large investors have recently bought and sold shares of THRM. Farther Finance Advisors LLC boosted its stake 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 acquiring an additional 500 shares during the period. Los Angeles Capital Management LLC acquired a new position in Gentherm during the 4th quarter valued at approximately $35,000. Eagle Bay Advisors LLC bought a new position in Gentherm during the 4th quarter worth $50,000. Palladiem LLC bought a new position in Gentherm during the 4th quarter worth $52,000. Finally, Nisa Investment Advisors LLC increased its position in Gentherm by 21.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,994 shares of the auto parts company’s stock worth $73,000 after buying an additional 353 shares during the period. Institutional investors own 97.13% of the company’s stock.

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.