Wall Street Zen upgraded shares of Gentherm (NASDAQ:THRM - Free Report) from a hold rating to a buy rating in a research note released on Friday morning.
THRM has been the topic of several other research reports. Robert W. Baird raised their price target on Gentherm from $28.00 to $35.00 and gave the company an "outperform" rating in a report on Friday, July 11th. Zacks Research lowered Gentherm from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 20th. Baird R W upgraded Gentherm from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 11th. Finally, JPMorgan Chase & Co. increased their price objective on Gentherm from $37.00 to $38.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $46.00.
Check Out Our Latest Report on Gentherm
Gentherm Price Performance
Shares of NASDAQ:THRM traded up $0.97 on Friday, hitting $36.01. The company's stock had a trading volume of 154,201 shares, compared to its average volume of 205,757. The company has a 50-day simple moving average of $33.72 and a 200 day simple moving average of $29.84. Gentherm has a 1 year low of $22.75 and a 1 year high of $51.00. The company has a market capitalization of $1.10 billion, a PE ratio of 35.30 and a beta of 1.42. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.35.
Gentherm (NASDAQ:THRM - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The auto parts company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.05). Gentherm had a net margin of 2.18% and a return on equity of 9.90%. The business had revenue of $375.09 million during the quarter, compared to analysts' expectations of $358.09 million. During the same period in the previous year, the business earned $0.66 EPS. The business's revenue was down .2% on a year-over-year basis. Gentherm has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Gentherm will post 3.1 EPS for the current fiscal year.
Insider Transactions at Gentherm
In related news, SVP Barbara J. Runyon sold 3,348 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $34.82, for a total transaction of $116,577.36. Following the transaction, the senior vice president directly owned 31,316 shares in the company, valued at $1,090,423.12. This trade represents a 9.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Gentherm
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Squarepoint Ops LLC grew its position in Gentherm by 169.4% during the 2nd quarter. Squarepoint Ops LLC now owns 34,774 shares of the auto parts company's stock worth $984,000 after acquiring an additional 21,864 shares during the last quarter. State of Wyoming grew its position in Gentherm by 74.2% during the 2nd quarter. State of Wyoming now owns 6,752 shares of the auto parts company's stock worth $191,000 after acquiring an additional 2,877 shares during the last quarter. Westwood Holdings Group Inc. grew its position in Gentherm by 4.9% during the 2nd quarter. Westwood Holdings Group Inc. now owns 24,635 shares of the auto parts company's stock worth $697,000 after acquiring an additional 1,141 shares during the last quarter. Public Sector Pension Investment Board grew its position in Gentherm by 7.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 105,505 shares of the auto parts company's stock worth $2,985,000 after acquiring an additional 7,251 shares during the last quarter. Finally, Headlands Technologies LLC grew its position in Gentherm by 30.1% during the 2nd quarter. Headlands Technologies LLC now owns 11,932 shares of the auto parts company's stock worth $338,000 after acquiring an additional 2,760 shares during the last quarter. 97.13% of the stock is currently owned by institutional investors.
About Gentherm
(
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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.
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