Gentherm (NASDAQ:THRM) Upgraded at Weiss Ratings

Weiss Ratings upgraded shares of Gentherm (NASDAQ:THRM) from a sell (d+) rating to a hold (c-) rating in a research report released on Saturday,Weiss Ratings reports.

A number of other research firms have also weighed in on THRM. Roth Capital reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Gentherm in a research note on Friday. Wall Street Zen upgraded shares of Gentherm from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Zacks Research downgraded shares of Gentherm from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 20th. JPMorgan Chase & Co. boosted their price objective on shares of Gentherm from $38.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, October 20th. Finally, Baird R W raised shares of Gentherm from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Gentherm has a consensus rating of “Moderate Buy” and an average target price of $48.50.

Gentherm Trading Down 1.1%

THRM opened at $36.90 on Friday. The stock has a market cap of $1.13 billion, a PE ratio of 36.90 and a beta of 1.39. Gentherm has a twelve month low of $22.75 and a twelve month high of $47.00. The company has a fifty day moving average of $35.40 and a 200-day moving average of $31.07. The company has a quick ratio of 1.33, a current ratio of 1.96 and a debt-to-equity ratio of 0.26.

Gentherm (NASDAQ:THRM) last issued its earnings results on Thursday, October 23rd. The auto parts company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.09. The business had revenue of $386.87 million for the quarter, compared to analyst estimates of $374.75 million. Gentherm had a net margin of 2.08% and a return on equity of 9.55%. Gentherm’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.75 earnings per share. Gentherm has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Gentherm will post 3.1 EPS for the current year.

Insider Transactions at Gentherm

In other news, SVP Barbara J. Runyon sold 3,348 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $34.82, for a total value of $116,577.36. Following the completion of the sale, the senior vice president directly owned 31,316 shares in the company, valued at approximately $1,090,423.12. The trade was a 9.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Gentherm

Hedge funds have recently made changes to their positions in the business. Cerity Partners LLC lifted its holdings in shares of Gentherm by 89.9% in the 1st quarter. Cerity Partners LLC now owns 52,505 shares of the auto parts company’s stock worth $1,404,000 after acquiring an additional 24,857 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Gentherm by 12.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,477 shares of the auto parts company’s stock worth $424,000 after acquiring an additional 1,676 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Gentherm by 332.4% in the 1st quarter. GAMMA Investing LLC now owns 2,106 shares of the auto parts company’s stock worth $56,000 after acquiring an additional 1,619 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Gentherm by 10.2% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 19,616 shares of the auto parts company’s stock worth $525,000 after acquiring an additional 1,818 shares during the last quarter. Finally, Diversified Trust Co bought a new stake in shares of Gentherm in the 1st quarter worth approximately $251,000. 97.13% of the stock is currently owned by institutional investors.

Gentherm Company Profile

Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. 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; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.