Gentherm (NASDAQ:THRM) Shares Gap Up to $50.38

Shares of Gentherm Incorporated (NASDAQ:THRM - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $50.38, but opened at $51.96. Gentherm shares last traded at $53.52, with a volume of 63,804 shares traded.

Analysts Set New Price Targets

A number of analysts have recently commented on THRM shares. Robert W. Baird boosted their target price on shares of Gentherm from $60.00 to $66.00 and gave the stock a "neutral" rating in a research note on Thursday, February 22nd. StockNews.com upgraded shares of Gentherm from a "hold" rating to a "buy" rating in a report on Thursday, February 22nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Gentherm from $63.00 to $60.00 and set an "underweight" rating on the stock in a research note on Monday, April 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $66.00.

Gentherm Price Performance

The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.48 and a current ratio of 2.12. The company's fifty day simple moving average is $54.39 and its two-hundred day simple moving average is $50.50. The stock has a market capitalization of $1.60 billion, a PE ratio of 43.72 and a beta of 1.49.

Gentherm (NASDAQ:THRM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The auto parts company reported $0.90 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.36. The business had revenue of $366.93 million during the quarter, compared to the consensus estimate of $364.40 million. Gentherm had a net margin of 2.75% and a return on equity of 12.91%. The company's quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.47 earnings per share. As a group, sell-side analysts predict that Gentherm Incorporated will post 2.8 EPS for the current year.

Insider Buying and Selling

In other Gentherm news, CEO Phillip Eyler sold 15,000 shares of the business's stock in a transaction on Friday, April 5th. The shares were sold at an average price of $55.17, for a total transaction of $827,550.00. Following the completion of the sale, the chief executive officer now owns 147,317 shares in the company, valued at $8,127,478.89. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.91% of the company's stock.

Hedge Funds Weigh In On Gentherm

Hedge funds and other institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC lifted its holdings in Gentherm by 211.4% in the fourth quarter. Quadrant Capital Group LLC now owns 1,149 shares of the auto parts company's stock worth $60,000 after purchasing an additional 780 shares during the period. TFO Wealth Partners LLC lifted its holdings in Gentherm by 44,050.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,766 shares of the auto parts company's stock valued at $92,000 after acquiring an additional 1,762 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Gentherm by 14.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,123 shares of the auto parts company's stock valued at $115,000 after acquiring an additional 276 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Gentherm in the 3rd quarter valued at about $207,000. Finally, Panagora Asset Management Inc. acquired a new stake in Gentherm in the 3rd quarter valued at about $210,000. 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.