Gentherm (NASDAQ:THRM) Upgraded at Argus

Argus upgraded shares of Gentherm (NASDAQ:THRM) to a hold rating in a research note issued to investors on Friday morning,Zacks.com reports.

Several other equities analysts also recently commented on the company. Robert W. Baird dropped their target price on Gentherm from $42.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, February 20th. Weiss Ratings downgraded Gentherm from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, February 9th. Stifel Nicolaus assumed coverage on Gentherm in a research note on Monday, February 23rd. They set a “buy” rating and a $41.00 price target for the company. Loop Capital set a $38.00 price objective on Gentherm in a research report on Wednesday. Finally, Wall Street Zen downgraded shares of Gentherm from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 21st. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Gentherm presently has a consensus rating of “Hold” and a consensus price target of $40.40.

Gentherm Stock Performance

THRM opened at $32.77 on Friday. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 53.72 and a beta of 1.31. The business’s 50-day moving average price is $35.18 and its two-hundred day moving average price is $35.57. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.92 and a quick ratio of 1.30. Gentherm has a 1 year low of $22.75 and a 1 year high of $39.48.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Thursday, February 19th. The auto parts company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.08). Gentherm had a net margin of 1.22% and a return on equity of 10.07%. The company had revenue of $382.79 million during the quarter, compared to the consensus estimate of $371.91 million. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 earnings per share. Equities analysts expect that Gentherm will post 3.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in THRM. MidFirst Bank purchased a new position in Gentherm in the 4th quarter worth approximately $207,000. Invesco Ltd. grew its stake in Gentherm by 20.5% in the 4th quarter. Invesco Ltd. now owns 432,287 shares of the auto parts company’s stock worth $15,722,000 after acquiring an additional 73,466 shares in the last quarter. State of Tennessee Department of Treasury raised its holdings in shares of Gentherm by 168.2% in the fourth quarter. State of Tennessee Department of Treasury now owns 31,933 shares of the auto parts company’s stock valued at $1,161,000 after acquiring an additional 20,027 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Gentherm by 121.2% in the 4th quarter. Millennium Management LLC now owns 30,964 shares of the auto parts company’s stock valued at $1,126,000 after purchasing an additional 16,965 shares in the last quarter. Finally, Man Group plc boosted its position in Gentherm by 153.4% during the fourth quarter. Man Group plc now owns 92,881 shares of the auto parts company’s stock valued at $3,378,000 after purchasing an additional 56,234 shares in the last quarter. 97.13% of the stock is currently owned by institutional investors.

About Gentherm

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.