Gentherm (NASDAQ:THRM) Rating Increased to Neutral at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Gentherm (NASDAQ:THRM) from an underweight rating to a neutral rating in a report released on Monday morning, Marketbeat Ratings reports. They currently have $56.00 target price on the auto parts company’s stock.

THRM has been the subject of several other reports. Robert W. Baird reduced their target price on Gentherm from $65.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, July 12th. StockNews.com raised Gentherm from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $62.00.

Gentherm Stock Performance

Shares of THRM opened at $40.60 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.46 and a current ratio of 2.11. The stock has a 50 day moving average price of $46.26 and a two-hundred day moving average price of $49.38. The firm has a market capitalization of $1.28 billion, a P/E ratio of 27.81 and a beta of 1.43. Gentherm has a 52 week low of $38.21 and a 52 week high of $62.93.

Gentherm (NASDAQ:THRM) last released its earnings results on Wednesday, July 31st. The auto parts company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.04. The company had revenue of $375.70 million during the quarter, compared to analyst estimates of $375.82 million. Gentherm had a return on equity of 14.03% and a net margin of 4.61%. Gentherm’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the company posted $0.58 earnings per share. Equities analysts forecast that Gentherm will post 2.81 earnings per share for the current fiscal year.

Insider Buying and Selling at Gentherm

In other Gentherm news, CEO Phillip Eyler sold 4,402 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $50.20, for a total transaction of $220,980.40. Following the completion of the transaction, the chief executive officer now directly owns 147,317 shares of the company’s stock, valued at approximately $7,395,313.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.91% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Gentherm

Several institutional investors and hedge funds have recently bought and sold shares of THRM. Hsbc Holdings PLC raised its position in shares of Gentherm by 3.5% in the second quarter. Hsbc Holdings PLC now owns 6,834 shares of the auto parts company’s stock worth $337,000 after buying an additional 229 shares in the last quarter. Headlands Technologies LLC raised its position in shares of Gentherm by 86.1% in the first quarter. Headlands Technologies LLC now owns 523 shares of the auto parts company’s stock worth $30,000 after buying an additional 242 shares in the last quarter. Texas Permanent School Fund Corp raised its position in shares of Gentherm by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 28,703 shares of the auto parts company’s stock worth $1,653,000 after buying an additional 372 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Gentherm by 7.4% in the first quarter. ProShare Advisors LLC now owns 6,610 shares of the auto parts company’s stock worth $381,000 after buying an additional 454 shares in the last quarter. Finally, Guinness Atkinson Asset Management Inc raised its position in shares of Gentherm by 3.2% in the third quarter. Guinness Atkinson Asset Management Inc now owns 17,929 shares of the auto parts company’s stock worth $835,000 after buying an additional 553 shares in the last quarter. 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.