Robert W. Baird Issues Positive Forecast for Gentherm (NASDAQ:THRM) Stock Price

Gentherm (NASDAQ:THRM - Get Free Report) had its price target hoisted by research analysts at Robert W. Baird from $27.00 to $28.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the auto parts company's stock. Robert W. Baird's target price points to a potential upside of 7.69% from the company's current price.

A number of other analysts have also recently commented on the stock. JPMorgan Chase & Co. cut their target price on shares of Gentherm from $56.00 to $51.00 and set a "neutral" rating for the company in a research note on Monday, January 27th. StockNews.com cut Gentherm from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 26th.

Gentherm Stock Up 0.9 %

Shares of THRM stock traded up $0.24 during mid-day trading on Friday, hitting $26.00. 263,561 shares of the stock traded hands, compared to its average volume of 247,493. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.38. The stock has a market cap of $800.51 million, a P/E ratio of 12.56 and a beta of 1.46. Gentherm has a 52-week low of $22.75 and a 52-week high of $56.72. The stock's fifty day moving average is $28.24 and its two-hundred day moving average is $36.13.

Gentherm (NASDAQ:THRM - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.03. Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The company had revenue of $353.85 million during the quarter, compared to analysts' expectations of $347.39 million. During the same quarter in the previous year, the firm posted $0.62 EPS. The firm's revenue was down .6% compared to the same quarter last year. Equities analysts predict that Gentherm will post 3.1 EPS for the current year.

Insider Activity at Gentherm

In related news, CEO William T. Presley acquired 3,000 shares of the firm's stock in a transaction dated Friday, April 25th. The stock was acquired at an average price of $24.67 per share, for a total transaction of $74,010.00. Following the purchase, the chief executive officer now owns 161,103 shares of the company's stock, valued at $3,974,411.01. This represents a 1.90 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is owned by insiders.

Institutional Trading of Gentherm

Several hedge funds have recently added to or reduced their stakes in THRM. Rhumbline Advisers boosted its stake in shares of Gentherm by 0.3% in the fourth quarter. Rhumbline Advisers now owns 90,758 shares of the auto parts company's stock valued at $3,623,000 after buying an additional 277 shares in the last quarter. Comerica Bank raised its holdings in shares of Gentherm by 1.4% in the fourth quarter. Comerica Bank now owns 21,012 shares of the auto parts company's stock worth $839,000 after acquiring an additional 300 shares during the last quarter. Signaturefd LLC lifted its holdings in Gentherm by 233.8% in the 4th quarter. Signaturefd LLC now owns 661 shares of the auto parts company's stock valued at $26,000 after purchasing an additional 463 shares in the last quarter. KBC Group NV boosted its position in Gentherm by 82.2% during the fourth quarter. KBC Group NV now owns 1,822 shares of the auto parts company's stock worth $73,000 after acquiring an additional 822 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Gentherm by 1.4% during the 4th quarter. Barclays PLC now owns 62,346 shares of the auto parts company's stock worth $2,489,000 after purchasing an additional 880 shares during the period. Institutional investors and hedge funds own 97.13% of the company's stock.

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.