Shares of Gentherm Incorporated (NASDAQ:THRM – Get Rating) have earned a consensus rating of “Buy” from the nine research firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $105.25.
THRM has been the subject of several recent analyst reports. TheStreet downgraded Gentherm from a “b” rating to a “c+” rating in a research note on Friday, May 20th. StockNews.com assumed coverage on Gentherm in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Roth Capital reiterated a “buy” rating on shares of Gentherm in a research note on Thursday, May 5th. Finally, Zacks Investment Research upgraded Gentherm from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 10th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ellevest Inc. raised its holdings in shares of Gentherm by 3,314.3% during the fourth quarter. Ellevest Inc. now owns 717 shares of the auto parts company’s stock valued at $62,000 after buying an additional 696 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of Gentherm during the fourth quarter valued at approximately $65,000. Advisor Group Holdings Inc. raised its holdings in shares of Gentherm by 47.8% during the third quarter. Advisor Group Holdings Inc. now owns 1,098 shares of the auto parts company’s stock valued at $89,000 after buying an additional 355 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Gentherm by 29.0% during the first quarter. SG Americas Securities LLC now owns 1,606 shares of the auto parts company’s stock valued at $117,000 after buying an additional 361 shares during the last quarter. Finally, Macquarie Group Ltd. raised its holdings in shares of Gentherm by 22.2% during the third quarter. Macquarie Group Ltd. now owns 1,695 shares of the auto parts company’s stock valued at $137,000 after buying an additional 308 shares during the last quarter. 99.08% of the stock is currently owned by institutional investors.
Gentherm (NASDAQ:THRM – Get Rating) last announced its earnings results on Wednesday, May 4th. The auto parts company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.06). The business had revenue of $267.70 million for the quarter, compared to analyst estimates of $254.31 million. Gentherm had a net margin of 7.05% and a return on equity of 12.20%. The firm’s revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.04 earnings per share. Equities analysts anticipate that Gentherm will post 2.61 EPS for the current year.
About Gentherm (Get Rating)
Gentherm Incorporated designs, develops, manufactures, and markets thermal management technologies. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units that utilize proprietary electronics technology and software; and other climate comfort systems, including neck conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.
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