Gentherm Inc (NASDAQ:THRM) received a $33.00 price target from analysts at Roth Capital in a research report issued on Friday. The brokerage currently has a “hold” rating on the auto parts company’s stock. Roth Capital’s target price indicates a potential downside of 6.12% from the stock’s current price.
A number of other brokerages have also issued reports on THRM. BMO Capital Markets boosted their price target on Gentherm from $44.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, July 14th. BidaskClub lowered Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Monday. Zacks Investment Research lowered Gentherm from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. ValuEngine lowered Gentherm from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, FBR & Co reiterated an “outperform” rating and set a $45.00 price target on shares of Gentherm in a research report on Wednesday, May 31st. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Gentherm currently has a consensus rating of “Hold” and a consensus target price of $42.00.
Gentherm (THRM) traded down 1.067% during midday trading on Friday, reaching $34.775. The company’s stock had a trading volume of 257,280 shares. Gentherm has a 1-year low of $26.60 and a 1-year high of $40.80. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 14.194 and a beta of 1.96. The company’s 50-day moving average price is $38.92 and its 200-day moving average price is $36.99.
Gentherm (NASDAQ:THRM) last announced its quarterly earnings results on Thursday, July 27th. The auto parts company reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.38. Gentherm had a return on equity of 19.53% and a net margin of 9.47%. The business had revenue of $243.40 million for the quarter, compared to analyst estimates of $244.48 million. During the same quarter last year, the firm posted $0.59 EPS. The company’s revenue was up 4.6% compared to the same quarter last year. On average, analysts predict that Gentherm will post $2.51 earnings per share for the current fiscal year.
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In other news, VP Erin Erwine Ascher sold 1,800 shares of the company’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $39.17, for a total value of $70,506.00. Following the completion of the sale, the vice president now owns 23,839 shares in the company, valued at $933,773.63. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Darren Schumacher sold 15,000 shares of the company’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $37.59, for a total value of $563,850.00. Following the completion of the sale, the insider now owns 47,881 shares of the company’s stock, valued at approximately $1,799,846.79. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.
Several hedge funds have recently made changes to their positions in THRM. Ameritas Investment Partners Inc. purchased a new stake in shares of Gentherm during the first quarter valued at $124,000. First Bank & Trust raised its stake in shares of Gentherm by 5.2% in the first quarter. First Bank & Trust now owns 3,371 shares of the auto parts company’s stock valued at $132,000 after buying an additional 166 shares during the period. Victory Capital Management Inc. raised its stake in shares of Gentherm by 17.8% in the first quarter. Victory Capital Management Inc. now owns 3,975 shares of the auto parts company’s stock valued at $156,000 after buying an additional 602 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Gentherm by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 4,040 shares of the auto parts company’s stock valued at $158,000 after buying an additional 90 shares during the period. Finally, Forward Management LLC raised its stake in shares of Gentherm by 5.0% in the first quarter. Forward Management LLC now owns 5,104 shares of the auto parts company’s stock valued at $201,000 after buying an additional 245 shares during the period. Institutional investors and hedge funds own 98.54% of the company’s stock.
About Gentherm
Gentherm Incorporated (Gentherm) is a global technology company engaged in the design, development, and manufacturing of thermal management technologies. The Company has two segments: Automotive and Industrial. Its products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation, patient temperature management, environmental product testing and other consumer and industrial temperature control needs.
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