Gentherm (NASDAQ:THRM) Stock Rating Upgraded by Argus

Gentherm (NASDAQ:THRM) was upgraded by investment analysts at Argus to a “hold” rating in a research note issued on Friday,Zacks.com reports.

A number of other research firms have also recently issued reports on THRM. Wall Street Zen cut shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 21st. Weiss Ratings lowered Gentherm from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 9th. Robert W. Baird dropped their price objective on Gentherm from $42.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, February 20th. Stifel Nicolaus began coverage on shares of Gentherm in a report on Monday, February 23rd. They issued a “buy” rating and a $41.00 price objective for the company. Finally, Loop Capital set a $38.00 price target on shares of Gentherm in a report on Wednesday. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $40.40.

Gentherm Price Performance

Shares of NASDAQ THRM opened at $32.77 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.92 and a debt-to-equity ratio of 0.26. Gentherm has a twelve month low of $22.75 and a twelve month high of $39.48. The company has a market cap of $1.00 billion, a PE ratio of 53.72 and a beta of 1.34. The business’s 50 day moving average price is $35.18 and its two-hundred day moving average price is $35.58.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings results on Thursday, February 19th. The auto parts company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $371.91 million. During the same period last year, the firm posted $0.29 earnings per share. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, analysts predict that Gentherm will post 3.1 EPS for the current year.

Institutional Investors Weigh In On Gentherm

A number of hedge funds have recently modified their holdings of THRM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Gentherm by 5.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,613 shares of the auto parts company’s stock worth $2,904,000 after purchasing an additional 5,824 shares during the period. Millennium Management LLC grew its holdings in Gentherm by 93.4% during the 1st quarter. Millennium Management LLC now owns 155,617 shares of the auto parts company’s stock valued at $4,161,000 after purchasing an additional 75,170 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Gentherm by 389.2% during the 1st quarter. Jane Street Group LLC now owns 84,403 shares of the auto parts company’s stock worth $2,257,000 after acquiring an additional 67,150 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Gentherm by 3.2% during the second quarter. Oppenheimer Asset Management Inc. now owns 20,247 shares of the auto parts company’s stock worth $573,000 after purchasing an additional 631 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in Gentherm by 295.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,364 shares of the auto parts company’s stock worth $39,000 after acquiring an additional 1,019 shares in the last quarter. Institutional investors own 97.13% of the company’s stock.

Gentherm Company Profile

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.