Gentherm (NASDAQ:THRM) Upgraded by StockNews.com to Strong-Buy Rating

StockNews.com upgraded shares of Gentherm (NASDAQ:THRM - Free Report) from a buy rating to a strong-buy rating in a research report report published on Saturday morning.

THRM has been the topic of a number of other research reports. JPMorgan Chase & Co. decreased their price target on shares of Gentherm from $56.00 to $51.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. Robert W. Baird lowered their price target on Gentherm from $54.00 to $50.00 and set a "neutral" rating on the stock in a research report on Thursday, October 31st. Finally, Craig Hallum cut their price objective on Gentherm from $85.00 to $65.00 and set a "buy" rating for the company in a report on Thursday, October 31st.

Gentherm Price Performance

NASDAQ THRM traded up $0.95 on Friday, hitting $37.15. The stock had a trading volume of 202,882 shares, compared to its average volume of 178,499. The firm has a 50-day moving average of $40.08 and a 200-day moving average of $44.15. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 17.36 and a beta of 1.42. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.38 and a current ratio of 2.02. Gentherm has a 52-week low of $35.67 and a 52-week high of $62.93.

Insider Buying and Selling

In other news, SVP Thomas Stocker sold 1,295 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $42.98, for a total transaction of $55,659.10. Following the completion of the sale, the senior vice president now owns 13,413 shares of the company's stock, valued at approximately $576,490.74. This represents a 8.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Hui (Helen) Xu sold 2,500 shares of Gentherm stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $42.00, for a total transaction of $105,000.00. Following the completion of the transaction, the senior vice president now directly owns 18,947 shares in the company, valued at approximately $795,774. The trade was a 11.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.91% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Gentherm

A number of large investors have recently added to or reduced their stakes in THRM. Nuance Investments LLC purchased a new stake in shares of Gentherm during the third quarter worth about $16,754,000. Cerity Partners LLC lifted its holdings in Gentherm by 880.7% in the 3rd quarter. Cerity Partners LLC now owns 188,683 shares of the auto parts company's stock worth $8,783,000 after buying an additional 169,443 shares during the period. Global Alpha Capital Management Ltd. grew its position in shares of Gentherm by 22.6% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 632,673 shares of the auto parts company's stock worth $29,451,000 after buying an additional 116,500 shares during the last quarter. FMR LLC increased its stake in shares of Gentherm by 26.8% during the third quarter. FMR LLC now owns 507,598 shares of the auto parts company's stock valued at $23,629,000 after buying an additional 107,322 shares during the period. Finally, Assenagon Asset Management S.A. bought a new position in shares of Gentherm during the third quarter valued at approximately $2,658,000. Institutional investors own 97.13% of the company's stock.

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.