Gentherm Inc (THRM) Upgraded to “Hold” by Zacks Investment Research
Gentherm Inc (NASDAQ:THRM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.
According to Zacks, “Gentherm Inc. is a developer and marketer of innovative thermal management technologies for a broad range of heating and cooling and temperature control applications. The Company offers heated seating, climate seating, electronics, and cables for the automotive markets. It is also building thermoelectric generators to capture the heat and convert it into electricity for various applications in automotive, industrial, and materials sectors. Gentherm Inc., formerly known as Amerigon Incorporated, is based in Northville, Michigan. “
Several other research firms have also weighed in on THRM. BidaskClub lowered Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. FBR & Co reaffirmed a “buy” rating and set a $45.00 price target on shares of Gentherm in a research report on Thursday, October 26th. Barrington Research lowered their price target on Gentherm from $47.00 to $43.00 and set an “outperform” rating on the stock in a research report on Friday, July 28th. TheStreet lowered Gentherm from a “b-” rating to a “c+” rating in a research report on Thursday, August 17th. Finally, ValuEngine lowered Gentherm from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $40.75.
Gentherm (THRM) opened at $33.30 on Friday. The stock has a market capitalization of $1,245.30, a price-to-earnings ratio of 19.07, a P/E/G ratio of 1.04 and a beta of 1.94. The company has a quick ratio of 2.47, a current ratio of 3.23 and a debt-to-equity ratio of 0.26.
Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.33). The company had revenue of $235.85 million for the quarter, compared to analyst estimates of $235.94 million. Gentherm had a return on equity of 12.82% and a net margin of 6.89%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the firm earned $0.61 EPS. equities research analysts predict that Gentherm will post 1.63 earnings per share for the current year.
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Several hedge funds and other institutional investors have recently modified their holdings of THRM. Riverhead Capital Management LLC boosted its stake in shares of Gentherm by 70.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,730 shares of the auto parts company’s stock worth $106,000 after acquiring an additional 1,130 shares during the period. First Bank & Trust boosted its stake in Gentherm by 4.3% in the 2nd quarter. First Bank & Trust now owns 3,515 shares of the auto parts company’s stock valued at $137,000 after purchasing an additional 144 shares during the period. Victory Capital Management Inc. boosted its stake in Gentherm by 12.7% in the 2nd quarter. Victory Capital Management Inc. now owns 4,479 shares of the auto parts company’s stock valued at $174,000 after purchasing an additional 504 shares during the period. Forward Management LLC boosted its stake in Gentherm by 6.0% in the 2nd quarter. Forward Management LLC now owns 5,409 shares of the auto parts company’s stock valued at $210,000 after purchasing an additional 305 shares during the period. Finally, CWA Asset Management Group LLC boosted its stake in Gentherm by 0.7% in the 2nd quarter. CWA Asset Management Group LLC now owns 5,792 shares of the auto parts company’s stock valued at $225,000 after purchasing an additional 42 shares during the period. Institutional investors own 96.61% of the company’s stock.
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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