Gentherm (NASDAQ:THRM) Lifted to Buy at Zacks Investment Research

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Zacks Investment Research upgraded shares of Gentherm (NASDAQ:THRM) from a hold rating to a buy rating in a report released on Friday, Zacks.com reports. Zacks Investment Research currently has $44.00 target price 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. “

Several other equities analysts have also recently commented on THRM. ValuEngine cut shares of Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. BidaskClub raised shares of Westport Fuel Systems from a hold rating to a buy rating in a research report on Friday, July 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $44.75.

NASDAQ:THRM opened at $39.04 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.42 and a quick ratio of 1.74. The stock has a market cap of $1.31 billion, a PE ratio of 18.42 and a beta of 1.34. The business’s 50 day moving average is $39.94. Gentherm has a fifty-two week low of $36.16 and a fifty-two week high of $50.30.

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, topping the Zacks’ consensus estimate of $0.43 by $0.12. The firm had revenue of $257.92 million during the quarter, compared to analysts’ expectations of $250.39 million. Gentherm had a net margin of 3.61% and a return on equity of 14.71%. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the company posted $0.52 EPS. On average, equities analysts predict that Gentherm will post 2.14 earnings per share for the current year.

In other news, VP Kenneth John Phillips sold 11,222 shares of Gentherm stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $41.78, for a total transaction of $468,855.16. Following the completion of the sale, the vice president now directly owns 18,455 shares of the company’s stock, valued at approximately $771,049.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Frithjof Oldorff sold 10,230 shares of Gentherm stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $38.79, for a total transaction of $396,821.70. Following the sale, the insider now directly owns 36,218 shares of the company’s stock, valued at $1,404,896.22. The disclosure for this sale can be found here. Insiders sold a total of 26,374 shares of company stock valued at $1,070,344 in the last three months. 1.50% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in the stock. Mackey Komara & Dankovich LLC raised its stake in Gentherm by 17.3% during the 2nd quarter. Mackey Komara & Dankovich LLC now owns 19,414 shares of the auto parts company’s stock worth $812,000 after acquiring an additional 2,857 shares in the last quarter. Zions Bancorporation N.A. raised its stake in Gentherm by 6.5% during the 2nd quarter. Zions Bancorporation N.A. now owns 4,553 shares of the auto parts company’s stock worth $190,000 after acquiring an additional 276 shares in the last quarter. Punch & Associates Investment Management Inc. raised its stake in Gentherm by 2.0% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 149,985 shares of the auto parts company’s stock worth $5,528,000 after acquiring an additional 2,997 shares in the last quarter. Westwood Holdings Group Inc. raised its stake in Gentherm by 48.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 441,659 shares of the auto parts company’s stock worth $16,280,000 after acquiring an additional 143,973 shares in the last quarter. Finally, William Blair Investment Management LLC raised its stake in Gentherm by 4.2% during the 1st quarter. William Blair Investment Management LLC now owns 338,867 shares of the auto parts company’s stock worth $12,491,000 after acquiring an additional 13,550 shares in the last quarter.

About Gentherm

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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