Gentherm (NASDAQ:THRM) Upgraded at Freedom Broker

Freedom Broker upgraded shares of Gentherm (NASDAQ:THRM) from a hold rating to a buy rating in a report issued on Tuesday, Marketbeat reports. Freedom Broker currently has $40.00 target price on the auto parts company’s stock.

Other research analysts have also issued reports about the stock. CJS Securities initiated coverage on shares of Gentherm in a research note on Monday, September 14th. They issued an “outperform” rating and a $50.00 price target on the stock. JPMorgan Chase & Co. cut their price objective on Gentherm from $48.00 to $47.00 and set an “overweight” rating for the company in a research note on Friday, October 23rd. Roth Capital reissued a “buy” rating and set a $50.00 target price on shares of Gentherm in a report on Wednesday, July 29th. Stifel Nicolaus decreased their target price on Gentherm from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, October 23rd. Finally, Zacks Research lowered Gentherm from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Gentherm has an average rating of “Hold” and an average price target of $43.57.

Gentherm Stock Performance

NASDAQ:THRM opened at $32.20 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.47 and a current ratio of 2.05. The company has a fifty day moving average of $34.73 and a two-hundred day moving average of $34.07. The stock has a market capitalization of $989.83 million, a PE ratio of 13.76, a P/E/G ratio of 1.25 and a beta of 1.37. Gentherm has a fifty-two week low of $25.31 and a fifty-two week high of $48.35.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Thursday, October 22nd. The auto parts company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.31). The company had revenue of $405.10 million for the quarter, compared to analysts’ expectations of $404.16 million. Gentherm had a net margin of 0.57% and a return on equity of 10.30%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.73 earnings per share. As a group, research analysts forecast that Gentherm will post 2.65 earnings per share for the current fiscal year.

Gentherm announced that its board has approved a stock repurchase plan on Thursday, July 23rd that authorizes the company to repurchase $400 million in outstanding shares. This repurchase authorization authorizes the auto parts company to reacquire up to 36.2% of its shares through open market purchases. Share repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Gentherm Dividend Announcement

The business also recently declared a special dividend, which was paid on Wednesday, October 7th. Stockholders of record on Monday, September 28th were given a $1.90 dividend.

Insider Activity at Gentherm

In related news, Director Paul Anthony Mascarenas acquired 20,000 shares of the stock in a transaction on Friday, October 23rd. The shares were bought at an average price of $26.63 per share, with a total value of $532,600.00. Following the completion of the purchase, the director owned 22,677 shares of the company’s stock, valued at approximately $603,888.51. This represents a 747.10% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William T. Presley bought 5,000 shares of the company’s stock in a transaction on Friday, October 23rd. The stock was bought at an average price of $26.00 per share, with a total value of $130,000.00. Following the completion of the acquisition, the chief executive officer owned 183,314 shares in the company, valued at $4,766,164. This represents a 2.80% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 2.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Bridge City Capital LLC raised its holdings in Gentherm by 19.5% in the 3rd quarter. Bridge City Capital LLC now owns 75,667 shares of the auto parts company’s stock valued at $2,520,000 after buying an additional 12,350 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in Gentherm in the third quarter valued at about $429,000. Viking Fund Management LLC acquired a new position in Gentherm in the third quarter valued at about $266,000. Moody National Bank Trust Division boosted its stake in Gentherm by 8.3% during the third quarter. Moody National Bank Trust Division now owns 38,780 shares of the auto parts company’s stock worth $1,291,000 after buying an additional 2,972 shares during the period. Finally, Tidal Investments LLC boosted its stake in Gentherm by 9.4% during the second quarter. Tidal Investments LLC now owns 23,651 shares of the auto parts company’s stock worth $807,000 after buying an additional 2,030 shares during the period. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Gentherm Company Profile

Gentherm Incorporated (NASDAQ: THRM) develops and manufactures thermal management and comfort technologies for the automotive and medical industries. The company’s automotive products include heated and cooled seating systems, climate-controlled seats, heated steering wheels, seat ventilation, and other technologies designed to improve passenger comfort and manage temperature.

Gentherm also provides battery thermal management systems and related technologies that support the performance, efficiency, and safety of electrified vehicles.