BidaskClub upgraded shares of Gentherm (NASDAQ:THRM) from a sell rating to a hold rating in a research note released on Wednesday.
Several other research firms also recently weighed in on THRM. Zacks Investment Research raised shares of Gentherm from a sell rating to a hold rating in a research report on Tuesday, February 12th. Barrington Research restated a buy rating and set a $50.00 price target on shares of Gentherm in a research report on Tuesday. CL King started coverage on shares of Gentherm in a report on Thursday, December 20th. They issued a neutral rating on the stock. BMO Capital Markets downgraded shares of Gentherm from an outperform rating to a market perform rating in a research report on Monday, January 7th. Finally, ValuEngine raised shares of Gentherm from a hold rating to a buy rating in a research report on Saturday, October 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $43.33.
Shares of NASDAQ THRM opened at $42.88 on Wednesday. Gentherm has a 1 year low of $30.45 and a 1 year high of $50.30. The company has a market cap of $1.50 billion, a P/E ratio of 18.56 and a beta of 1.34. The company has a current ratio of 2.55, a quick ratio of 1.94 and a debt-to-equity ratio of 0.18.
In other news, CFO Barry G. Steele sold 2,200 shares of Gentherm stock in a transaction that occurred on Tuesday, December 18th. The stock was sold at an average price of $41.50, for a total value of $91,300.00. Following the sale, the chief financial officer now directly owns 58,848 shares in the company, valued at approximately $2,442,192. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Kenneth John Phillips sold 8,500 shares of Gentherm stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $45.93, for a total value of $390,405.00. Following the completion of the sale, the vice president now owns 31,698 shares in the company, valued at $1,455,889.14. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in THRM. Crescent Park Management L.P. purchased a new position in Gentherm during the 3rd quarter worth $15,129,000. Millennium Management LLC boosted its holdings in shares of Gentherm by 1,465.0% during the 4th quarter. Millennium Management LLC now owns 271,724 shares of the auto parts company’s stock worth $10,864,000 after purchasing an additional 254,361 shares during the last quarter. Evermore Global Advisors LLC lifted its holdings in Gentherm by 297.3% in the third quarter. Evermore Global Advisors LLC now owns 307,900 shares of the auto parts company’s stock valued at $13,994,000 after acquiring an additional 230,400 shares during the last quarter. BlackRock Inc. lifted its holdings in Gentherm by 3.0% in the third quarter. BlackRock Inc. now owns 5,225,390 shares of the auto parts company’s stock valued at $237,497,000 after acquiring an additional 150,810 shares during the last quarter. Finally, Morgan Stanley raised its position in Gentherm by 98.8% in the third quarter. Morgan Stanley now owns 209,549 shares of the auto parts company’s stock valued at $9,523,000 after purchasing an additional 104,141 shares during the period.
Gentherm Company Profile
Gentherm Incorporated designs, develops, and manufactures thermal management technologies in North America, Europe, and Asia. The company operates through two segments, Automotive and Industrial. The Automotive segment offers automotive seat comfort systems, including seat heaters, variable temperature climate control seats that are designed to provide individualized thermal comfort to automobile passengers; and integrated electronic components, such as blowers and electronic control units.
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