Gentherm (NASDAQ:THRM) Rating Increased to Buy at Wall Street Zen

Key Points

• Gentherm's stock rating has been upgraded from "hold" to "buy" by Wall Street Zen, with a consensus rating of "Buy" and an average price target of $50.33.
• The company's quarterly earnings missed expectations, reporting $0.54 EPS against a consensus estimate of $0.59, despite revenue exceeding forecasts at $375.09 million.
• Institutional investors hold 97.13% of Gentherm's stock, with significant stakes recently acquired by firms such as Cerity Partners LLC and GAMMA Investing LLC.

Wall Street Zen upgraded shares of Gentherm (NASDAQ:THRM - Free Report) from a hold rating to a buy rating in a report issued on Saturday morning.

Several other equities analysts also recently issued reports on the company. Robert W. Baird upped their target price on Gentherm from $28.00 to $35.00 and gave the company an "outperform" rating in a research report on Friday, July 11th. Baird R W raised Gentherm from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 11th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $46.00.

Gentherm Price Performance

Shares of THRM stock traded down $0.51 during trading hours on Friday, hitting $34.10. The stock had a trading volume of 18,465 shares, compared to its average volume of 321,660. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 33.52 and a beta of 1.42. Gentherm has a one year low of $22.75 and a one year high of $56.68. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.35. The stock's 50-day moving average price is $29.01 and its two-hundred day moving average price is $30.33.

Gentherm (NASDAQ:THRM - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The auto parts company reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by ($0.05). The firm had revenue of $375.09 million during the quarter, compared to analysts' expectations of $358.09 million. Gentherm had a net margin of 2.18% and a return on equity of 9.90%. The firm's revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.66 EPS. Equities analysts forecast that Gentherm will post 3.1 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. American Century Companies Inc. increased its holdings in Gentherm by 2.0% in the fourth quarter. American Century Companies Inc. now owns 273,425 shares of the auto parts company's stock valued at $10,916,000 after purchasing an additional 5,307 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Gentherm during the fourth quarter valued at approximately $407,000. LPL Financial LLC grew its position in Gentherm by 10.6% in the 4th quarter. LPL Financial LLC now owns 52,112 shares of the auto parts company's stock worth $2,088,000 after purchasing an additional 4,993 shares during the period. Vanguard Group Inc. lifted its stake in Gentherm by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 3,667,551 shares of the auto parts company's stock worth $146,427,000 after purchasing an additional 74,758 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Gentherm by 136.1% in the 4th quarter. JPMorgan Chase & Co. now owns 160,176 shares of the auto parts company's stock worth $6,395,000 after acquiring an additional 92,345 shares in the last quarter. Institutional investors and hedge funds own 97.13% of the company's stock.

Gentherm Company Profile

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.