Zacks Investment Research upgraded shares of Gentherm (NASDAQ:THRM) from a hold rating to a buy rating in a report issued on Friday morning, Zacks.com reports. The brokerage currently has $44.00 price target on the auto parts company’s stock.
According to Zacks, “Gentherm Inc. is a developer and marketer of innovative thermal management technologies for a broad range of heating and cooling and temperature control applications. The Company offers heated seating, climate seating, electronics, and cables for the automotive markets. It is also building thermoelectric generators to capture the heat and convert it into electricity for various applications in automotive, industrial, and materials sectors. Gentherm Inc., formerly known as Amerigon Incorporated, is based in Northville, Michigan. “
Other equities analysts have also issued research reports about the stock. BidaskClub raised shares of Westport Fuel Systems from a hold rating to a buy rating in a research report on Friday, July 12th. ValuEngine downgraded shares of Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $44.75.
Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Tuesday, April 30th. The auto parts company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.12. The business had revenue of $257.92 million during the quarter, compared to analyst estimates of $250.39 million. Gentherm had a net margin of 3.61% and a return on equity of 14.71%. The company’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.52 earnings per share. As a group, equities research analysts expect that Gentherm will post 2.14 earnings per share for the current fiscal year.
In other Gentherm news, insider Frithjof Oldorff sold 10,230 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $38.79, for a total transaction of $396,821.70. Following the transaction, the insider now owns 36,218 shares of the company’s stock, valued at approximately $1,404,896.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Kenneth John Phillips sold 11,222 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $41.78, for a total transaction of $468,855.16. Following the transaction, the vice president now directly owns 18,455 shares in the company, valued at approximately $771,049.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,374 shares of company stock worth $1,070,344. Corporate insiders own 1.50% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in THRM. Bremer Bank National Association bought a new position in shares of Gentherm during the 1st quarter valued at about $42,000. Advisor Group Inc. boosted its position in shares of Gentherm by 70.1% during the 4th quarter. Advisor Group Inc. now owns 1,354 shares of the auto parts company’s stock valued at $54,000 after purchasing an additional 558 shares in the last quarter. Pearl River Capital LLC bought a new position in shares of Gentherm during the 1st quarter valued at about $56,000. NumerixS Investment Technologies Inc boosted its position in shares of Gentherm by 200.0% during the 1st quarter. NumerixS Investment Technologies Inc now owns 4,200 shares of the auto parts company’s stock valued at $156,000 after purchasing an additional 2,800 shares in the last quarter. Finally, Zions Bancorporation N.A. boosted its position in shares of Gentherm by 6.5% during the 2nd quarter. Zions Bancorporation N.A. now owns 4,553 shares of the auto parts company’s stock valued at $190,000 after purchasing an additional 276 shares in the last quarter.
Gentherm, Inc engages in the design, development, manufacture, and marketing of heating, cooling, and ventilating devices. It operates through the following business segments: Automotive and Industrial.. The Automotive segment designs, develops, produces, and sells automotive seat comfort systems, specialized automotive cable systems, and automotive and non-automotive thermal convenience products.
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