Gentherm (NASDAQ:THRM) Price Target Raised to $35.00 at Robert W. Baird

Gentherm (NASDAQ:THRM - Free Report) had its price target lifted by Robert W. Baird from $28.00 to $35.00 in a research note issued to investors on Friday,Benzinga reports. They currently have an outperform rating on the auto parts company's stock.

Gentherm Trading Down 0.4%

NASDAQ THRM traded down $0.11 during trading on Friday, hitting $30.17. 177,862 shares of the company's stock traded hands, compared to its average volume of 268,181. The stock has a fifty day moving average of $28.02 and a two-hundred day moving average of $30.92. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.16 and a quick ratio of 1.49. Gentherm has a 12-month low of $22.75 and a 12-month high of $56.68. The firm has a market cap of $931.05 million, a P/E ratio of 18.86 and a beta of 1.42.

Gentherm (NASDAQ:THRM - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The business had revenue of $353.85 million during the quarter, compared to analyst estimates of $347.39 million. Gentherm had a net margin of 3.44% and a return on equity of 10.81%. The company's revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 earnings per share. As a group, sell-side analysts expect that Gentherm will post 3.1 EPS for the current year.

Insider Buying and Selling at Gentherm

In other news, CEO William T. Presley bought 3,000 shares of the company's stock in a transaction dated Friday, April 25th. The stock was bought at an average cost of $24.67 per share, for a total transaction of $74,010.00. Following the completion of the acquisition, the chief executive officer owned 161,103 shares in the company, valued at approximately $3,974,411.01. This trade represents a 1.90% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.40% of the company's stock.

Hedge Funds Weigh In On Gentherm

Institutional investors have recently bought and sold shares of the stock. Signaturefd LLC raised its stake in Gentherm by 233.8% in the fourth quarter. Signaturefd LLC now owns 661 shares of the auto parts company's stock worth $26,000 after buying an additional 463 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Gentherm in the first quarter worth about $26,000. Versant Capital Management Inc bought a new position in Gentherm in the first quarter worth about $28,000. Parallel Advisors LLC raised its stake in Gentherm by 455.8% in the second quarter. Parallel Advisors LLC now owns 1,434 shares of the auto parts company's stock worth $41,000 after buying an additional 1,176 shares in the last quarter. Finally, Quarry LP raised its stake in Gentherm by 226.8% in the fourth quarter. Quarry LP now owns 1,755 shares of the auto parts company's stock worth $70,000 after buying an additional 1,218 shares in the last quarter. 97.13% of the stock is owned by institutional investors.

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.