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

Gentherm Incorporated (NASDAQ:THRM - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $23.69, but opened at $24.28. Gentherm shares last traded at $23.69, with a volume of 38,826 shares traded.

Analyst Upgrades and Downgrades

Several research analysts recently commented on THRM shares. StockNews.com cut shares of Gentherm from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 26th. Robert W. Baird cut their price objective on shares of Gentherm from $39.00 to $27.00 and set a "neutral" rating for the company in a report on Tuesday. Finally, JPMorgan Chase & Co. reduced 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.

Gentherm Trading Up 3.0 %

The firm has a market capitalization of $750.94 million, a price-to-earnings ratio of 11.78 and a beta of 1.46. The business has a 50 day moving average of $29.66 and a two-hundred day moving average of $37.03. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.38 and a current ratio of 2.01.

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

Hedge Funds Weigh In On Gentherm

Institutional investors and hedge funds have recently modified their holdings of the company. Rhumbline Advisers grew its holdings in Gentherm by 0.3% during the 4th quarter. Rhumbline Advisers now owns 90,758 shares of the auto parts company's stock valued at $3,623,000 after buying an additional 277 shares in the last quarter. Comerica Bank lifted its holdings in shares of Gentherm by 1.4% in the 4th quarter. Comerica Bank now owns 21,012 shares of the auto parts company's stock worth $839,000 after acquiring an additional 300 shares during the last quarter. Signaturefd LLC grew its stake in shares of Gentherm by 233.8% during the fourth quarter. Signaturefd LLC now owns 661 shares of the auto parts company's stock valued at $26,000 after buying an additional 463 shares during the last quarter. KBC Group NV increased its stake in Gentherm by 82.2% in the fourth quarter. KBC Group NV now owns 1,822 shares of the auto parts company's stock worth $73,000 after purchasing an additional 822 shares during the period. Finally, Barclays PLC lifted its holdings in Gentherm by 1.4% during the 4th quarter. Barclays PLC now owns 62,346 shares of the auto parts company's stock valued at $2,489,000 after buying an additional 880 shares in the last quarter. 97.13% of the stock is currently owned by hedge funds and other 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.