Gentherm (THRM) Earns Buy Rating from Barrington Research

Barrington Research restated their buy rating on shares of Gentherm (NASDAQ:THRM) in a research report released on Tuesday. Barrington Research currently has a $50.00 price objective on the auto parts company’s stock.

“We anticipate that this positive momentum continued during Q4/18 and will continue into 2019 as well.”,” Barrington Research’s analyst wrote.

A number of other research firms also recently weighed in on THRM. Zacks Investment Research raised shares of Gentherm from a hold rating to a buy rating and set a $43.00 target price for the company in a research report on Thursday, December 27th. BMO Capital Markets cut Gentherm from an outperform rating to a market perform rating in a research note on Monday, January 7th. BidaskClub raised Gentherm from a sell rating to a hold rating in a research report on Tuesday, October 30th. TheStreet lowered Gentherm from a b rating to a c rating in a report on Thursday, October 25th. Finally, CL King started coverage on Gentherm in a research note on Thursday, December 20th. They issued a neutral rating for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $43.60.

NASDAQ THRM opened at $42.78 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.94 and a current ratio of 2.55. Gentherm has a 12-month low of $30.45 and a 12-month high of $50.30. The company has a market capitalization of $1.48 billion, a PE ratio of 18.52 and a beta of 1.34.

Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Thursday, February 21st. The auto parts company reported $0.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.08). The company had revenue of $253.65 million during the quarter, compared to analyst estimates of $266.86 million. Gentherm had a net margin of 2.31% and a return on equity of 14.28%. Gentherm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 earnings per share. On average, analysts predict that Gentherm will post 2.21 EPS for the current fiscal year.

In related news, CFO Barry G. Steele sold 2,200 shares of Gentherm stock in a transaction dated Tuesday, December 18th. The stock was sold at an average price of $41.50, for a total value of $91,300.00. Following the completion of the transaction, the chief financial officer now owns 58,848 shares in the company, valued at approximately $2,442,192. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Kenneth John Phillips sold 8,500 shares of the business’s stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $45.93, for a total value of $390,405.00. Following the sale, the vice president now owns 31,698 shares of the company’s stock, valued at $1,455,889.14. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in THRM. Raymond James & Associates purchased a new position in Gentherm in the second quarter valued at $563,000. Bank of Montreal Can lifted its position in shares of Gentherm by 21.4% during the 3rd quarter. Bank of Montreal Can now owns 44,431 shares of the auto parts company’s stock valued at $2,020,000 after acquiring an additional 7,841 shares during the period. Xact Kapitalforvaltning AB increased its stake in shares of Gentherm by 20.4% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 11,816 shares of the auto parts company’s stock worth $537,000 after purchasing an additional 2,000 shares in the last quarter. BTIM Corp. increased its stake in shares of Gentherm by 21.9% during the 3rd quarter. BTIM Corp. now owns 272,670 shares of the auto parts company’s stock worth $12,393,000 after purchasing an additional 48,982 shares in the last quarter. Finally, EULAV Asset Management purchased a new stake in Gentherm in the 3rd quarter worth approximately $814,000.

Gentherm Company Profile

Gentherm Incorporated designs, develops, and manufactures thermal management technologies in North America, Europe, and Asia. The company operates through two segments, Automotive and Industrial. The Automotive segment offers automotive seat comfort systems, including seat heaters, variable temperature climate control seats that are designed to provide individualized thermal comfort to automobile passengers; and integrated electronic components, such as blowers and electronic control units.

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Analyst Recommendations for Gentherm (NASDAQ:THRM)

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