Gentherm Inc (THRM) – What Are Analysts Thinking About This Stock?

Gentherm Inc (NASDAQ:THRM) has earned an average rating of “Hold” from the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $43.57.

A number of analysts have recently weighed in on the company. CJS Securities initiated coverage on Gentherm in a research note on Monday, September 14th. They issued an “outperform” rating and a $50.00 target price for the company. Wall Street Zen downgraded shares of Gentherm from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. Stifel Nicolaus reduced their price target on shares of Gentherm from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, October 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Gentherm from $48.00 to $47.00 and set an “overweight” rating on the stock in a report on Friday, October 23rd. Finally, Zacks Research cut shares of Gentherm from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 28th.

Insider Activity at Gentherm

In related news, CEO William Presley purchased 5,000 shares of the stock in a transaction that occurred on Friday, October 23rd. The stock was acquired 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 directly owned 183,314 shares in the company, valued at approximately $4,766,164. This trade represents a 2.80% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul Anthony Mascarenas purchased 20,000 shares of the stock in a transaction that occurred on Friday, October 23rd. The stock was bought at an average cost of $26.63 per share, with a total value of $532,600.00. Following the acquisition, the director owned 22,677 shares of the company’s stock, valued at $603,888.51. This represents a 747.10% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 2.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Gentherm

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Gentherm during the second quarter worth $165,005,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Gentherm in the second quarter valued at about $27,822,000. Bank of America Corp DE acquired a new position in Gentherm in the second quarter valued at about $9,986,000. Bank of New York Mellon Corp bought a new position in Gentherm during the second quarter worth about $7,180,000. Finally, Man Group plc bought a new position in Gentherm during the second quarter worth about $4,996,000. 97.13% of the stock is owned by institutional investors and hedge funds.

Gentherm Price Performance

THRM stock traded up $0.29 during midday trading on Friday, reaching $29.08. 477,192 shares of the company’s stock traded hands, compared to its average volume of 1,661,698. The company has a 50-day simple moving average of $32.58 and a two-hundred day simple moving average of $33.67. The company has a quick ratio of 1.47, a current ratio of 2.05 and a debt-to-equity ratio of 0.44. Gentherm has a 1-year low of $25.31 and a 1-year high of $48.35. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 96.93, a PEG ratio of 1.12 and a beta of 1.45.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Thursday, October 22nd. The auto parts company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.31). The business had revenue of $405.10 million during the quarter, compared to analyst estimates of $404.16 million. Gentherm had a return on equity of 10.30% and a net margin of 0.57%. Gentherm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.73 EPS. On average, analysts anticipate that Gentherm will post 2.58 earnings per share for the current year.

Gentherm declared that its Board of Directors has initiated a share buyback program on Thursday, July 23rd that authorizes the company to buy back $400 million in shares. This buyback authorization authorizes the auto parts company to repurchase up to 36.2% of its shares through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

Gentherm Announces Dividend

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

Gentherm Company Profile

Gentherm Inc. develops and manufactures thermal management technologies for the automotive and medical industries. Its automotive products help regulate temperature and comfort in vehicle interiors, including heated and ventilated seating, heated steering wheels, and other climate-control systems. The company also provides temperature-management products for healthcare, including systems used to warm or cool patients in clinical settings. Gentherm serves automotive manufacturers and healthcare customers in markets around the world.