StockNews.com Upgrades Gentherm (NASDAQ:THRM) to "Strong-Buy"

Gentherm (NASDAQ:THRM - Get Free Report) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research report issued on Tuesday.

Several other equities research analysts have also commented on the stock. Robert W. Baird decreased their price objective on shares of Gentherm from $54.00 to $50.00 and set a "neutral" rating for the company in a research note on Thursday, October 31st. Craig Hallum decreased their price objective on shares of Gentherm from $85.00 to $65.00 and set a "buy" rating for the company in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Gentherm from $56.00 to $51.00 and set a "neutral" rating for the company in a research note on Monday, January 27th.

Gentherm Stock Down 1.1 %

Shares of THRM traded down $0.37 on Tuesday, reaching $33.08. The company's stock had a trading volume of 300,313 shares, compared to its average volume of 224,872. The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.36. Gentherm has a twelve month low of $30.25 and a twelve month high of $59.84. The stock has a market capitalization of $1.02 billion, a PE ratio of 15.98 and a beta of 1.42. The firm has a fifty day moving average of $38.48 and a 200-day moving average of $42.94.

Gentherm (NASDAQ:THRM - Get Free Report) last posted its earnings results on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share 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 analyst estimates of $360.29 million. During the same quarter in the prior year, the company earned $0.90 EPS. The company's revenue was down 3.8% on a year-over-year basis. Equities analysts predict that Gentherm will post 3.1 EPS for the current year.

Insider Buying and Selling at Gentherm

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of THRM. Raymond James & Associates grew its position in shares of Gentherm by 18.9% during the 3rd quarter. Raymond James & Associates now owns 128,468 shares of the auto parts company's stock valued at $5,980,000 after acquiring an additional 20,401 shares during the period. Hennion & Walsh Asset Management Inc. bought a new position in Gentherm in the 3rd quarter worth approximately $208,000. Assenagon Asset Management S.A. bought a new position in Gentherm in the 3rd quarter worth approximately $2,658,000. MQS Management LLC bought a new position in Gentherm in the 3rd quarter worth approximately $240,000. Finally, Oppenheimer Asset Management Inc. boosted its holdings in Gentherm by 23.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 13,451 shares of the auto parts company's stock worth $626,000 after buying an additional 2,516 shares during the period. 97.13% of the stock is owned by institutional investors.

About Gentherm

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.