Gentherm (NASDAQ:THRM) Shares Gap Up - Still a Buy?

Shares of Gentherm Incorporated (NASDAQ:THRM - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $30.39, but opened at $31.79. Gentherm shares last traded at $30.52, with a volume of 16,041 shares traded.

Wall Street Analyst Weigh In

Several research firms have weighed in on THRM. JPMorgan Chase & Co. dropped their price objective on shares of Gentherm from $56.00 to $51.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th. StockNews.com downgraded shares of Gentherm from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 26th. Finally, Robert W. Baird cut their price objective on Gentherm from $44.00 to $39.00 and set a "neutral" rating for the company in a report on Thursday, February 20th.

Gentherm Price Performance

The stock's 50 day simple moving average is $35.46 and its 200-day simple moving average is $40.39. The stock has a market capitalization of $926.13 million, a price-to-earnings ratio of 14.53 and a beta of 1.45. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.38.

Gentherm (NASDAQ:THRM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.68 by ($0.39). Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The business had revenue of $352.91 million during the quarter, compared to the consensus estimate of $360.29 million. During the same quarter in the prior year, the company posted $0.90 earnings per share. The company's revenue for the quarter was down 3.8% on a year-over-year basis. On average, analysts expect that Gentherm Incorporated will post 3.1 EPS for the current fiscal year.

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Institutional Investors Weigh In On Gentherm

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Gentherm by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 3,667,551 shares of the auto parts company's stock valued at $146,427,000 after purchasing an additional 74,758 shares during the last quarter. Trigran Investments Inc. boosted its holdings in shares of Gentherm by 7.3% during the 4th quarter. Trigran Investments Inc. now owns 1,990,938 shares of the auto parts company's stock worth $79,488,000 after buying an additional 135,458 shares during the period. Dimensional Fund Advisors LP grew its stake in Gentherm by 5.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,217,681 shares of the auto parts company's stock valued at $48,616,000 after buying an additional 62,562 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its holdings in Gentherm by 2.0% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,169,671 shares of the auto parts company's stock worth $54,448,000 after acquiring an additional 23,051 shares during the period. Finally, Global Alpha Capital Management Ltd. lifted its position in Gentherm by 23.8% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 782,983 shares of the auto parts company's stock worth $31,261,000 after acquiring an additional 150,310 shares during the last quarter. 97.13% of the stock is currently owned by institutional investors and hedge funds.

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.