Gentherm (NASDAQ:THRM) Upgraded by Zacks Research to “Strong-Buy” Rating

Gentherm (NASDAQ:THRM) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

Several other research analysts also recently commented on THRM. Freedom Capital downgraded Gentherm from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. JPMorgan Chase & Co. raised their price target on Gentherm from $41.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Stifel Nicolaus lifted their price objective on Gentherm from $44.00 to $59.00 and gave the company a “buy” rating in a research report on Friday. Weiss Ratings raised Gentherm from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 8th. Finally, Robert W. Baird boosted their price objective on Gentherm from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $43.60.

Gentherm Trading Up 0.0%

Shares of Gentherm stock opened at $42.08 on Monday. Gentherm has a 12-month low of $27.00 and a 12-month high of $48.35. The stock has a market capitalization of $1.29 billion, a P/E ratio of 48.37 and a beta of 1.38. The company has a 50-day simple moving average of $35.92 and a 200 day simple moving average of $32.97. The company has a quick ratio of 1.49, a current ratio of 2.06 and a debt-to-equity ratio of 0.38.

Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Thursday, July 23rd. The auto parts company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.19. The firm had revenue of $404.94 million for the quarter, compared to analyst estimates of $382.90 million. Gentherm had a net margin of 1.68% and a return on equity of 12.06%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 earnings per share. Research analysts expect that Gentherm will post 2.84 earnings per share for the current fiscal year.

Gentherm announced that its board has approved a stock buyback plan on Thursday, July 23rd that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the auto parts company to repurchase up to 36.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of THRM. Arrowstreet Capital Limited Partnership lifted its holdings in Gentherm by 385.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 543,200 shares of the auto parts company’s stock worth $18,501,000 after buying an additional 431,271 shares in the last quarter. Royce & Associates LP acquired a new stake in shares of Gentherm in the 4th quarter valued at $12,080,000. Bastion Asset Management Inc. bought a new stake in shares of Gentherm during the first quarter worth $6,213,000. Ameriprise Financial Inc. raised its position in shares of Gentherm by 42.8% during the third quarter. Ameriprise Financial Inc. now owns 635,066 shares of the auto parts company’s stock worth $21,630,000 after acquiring an additional 190,432 shares during the last quarter. Finally, Hillsdale Investment Management Inc. lifted its stake in shares of Gentherm by 639.3% during the first quarter. Hillsdale Investment Management Inc. now owns 206,446 shares of the auto parts company’s stock valued at $5,735,000 after acquiring an additional 178,521 shares during the period. Institutional investors own 97.13% of the company’s stock.

Gentherm Company Profile

Gentherm Incorporated (NASDAQ: THRM) is a global developer and supplier of advanced thermal management technologies for automotive, specialty vehicle, medical, consumer and industrial markets. The company’s core focus lies in delivering integrated heating and cooling systems designed to enhance energy efficiency, comfort and safety across a wide range of applications. Gentherm’s product portfolio includes seat thermal systems, heated and ventilated seating surfaces, steering wheel heaters, battery thermal management solutions, and climate systems for electric vehicles.

In the automotive sector, Gentherm partners with leading original equipment manufacturers to engineer and manufacture high-performance thermal solutions that meet stringent industry demands for reduced weight, lower energy consumption and improved passenger comfort.