Gentherm Inc (NASDAQ:THRM) had its price objective increased by BMO Capital Markets from $44.00 to $46.00 in a research note issued to investors on Friday morning. The firm currently has an outperform rating on the auto parts company’s stock.

A number of other research firms also recently issued reports on THRM. Zacks Investment Research downgraded shares of Gentherm from a buy rating to a hold rating in a research note on Thursday. ValuEngine downgraded shares of Gentherm from a buy rating to a hold rating in a research note on Friday, June 2nd. BidaskClub raised shares of Gentherm from a buy rating to a strong-buy rating in a research note on Wednesday, June 28th. FBR & Co reissued an outperform rating and issued a $45.00 price target on shares of Gentherm in a research note on Wednesday, May 31st. Finally, Argus raised shares of Gentherm from a hold rating to a buy rating and set a $46.00 price target on the stock in a research note on Thursday, March 16th. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Gentherm currently has a consensus rating of Buy and an average target price of $42.25.

Shares of Gentherm (THRM) traded up 0.50% during trading on Friday, reaching $39.85. 111,220 shares of the company’s stock were exchanged. The stock has a market cap of $1.46 billion, a P/E ratio of 16.27 and a beta of 1.96. The company has a 50 day moving average of $38.21 and a 200 day moving average of $36.38. Gentherm has a 12-month low of $26.60 and a 12-month high of $40.00.

Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Thursday, April 27th. The auto parts company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.14. The business had revenue of $249.30 million for the quarter, compared to the consensus estimate of $240.57 million. Gentherm had a net margin of 9.47% and a return on equity of 19.53%. The business’s revenue was up 15.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.59 EPS. Equities research analysts anticipate that Gentherm will post $2.51 EPS for the current year.

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In other Gentherm news, insider Darren Schumacher sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $37.59, for a total transaction of $563,850.00. Following the completion of the transaction, the insider now owns 47,881 shares in the company, valued at approximately $1,799,846.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Erin Erwine Ascher sold 1,800 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $39.17, for a total transaction of $70,506.00. Following the transaction, the vice president now owns 23,839 shares of the company’s stock, valued at approximately $933,773.63. The disclosure for this sale can be found here. Insiders have sold a total of 36,300 shares of company stock valued at $1,370,286 in the last quarter. 2.30% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. HGK Asset Management Inc. boosted its position in shares of Gentherm by 0.4% in the first quarter. HGK Asset Management Inc. now owns 15,943 shares of the auto parts company’s stock valued at $626,000 after buying an additional 66 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Gentherm by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 4,040 shares of the auto parts company’s stock valued at $158,000 after buying an additional 90 shares during the last quarter. First Bank & Trust boosted its position in shares of Gentherm by 5.2% in the first quarter. First Bank & Trust now owns 3,371 shares of the auto parts company’s stock valued at $132,000 after buying an additional 166 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Gentherm by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 14,900 shares of the auto parts company’s stock valued at $585,000 after buying an additional 200 shares during the last quarter. Finally, Forward Management LLC boosted its position in shares of Gentherm by 5.0% in the first quarter. Forward Management LLC now owns 5,104 shares of the auto parts company’s stock valued at $201,000 after buying an additional 245 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Gentherm Company Profile

Gentherm Incorporated (Gentherm) is a global technology company engaged in the design, development, and manufacturing of thermal management technologies. The Company has two segments: Automotive and Industrial. Its products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation, patient temperature management, environmental product testing and other consumer and industrial temperature control needs.

Analyst Recommendations for Gentherm (NASDAQ:THRM)

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