Gentherm (NASDAQ:THRM) Shares Gap Up on Earnings Beat

Gentherm Incorporated (NASDAQ:THRM) gapped up before the market opened on Tuesday after the company announced better than expected quarterly earnings. The stock had previously closed at $50.38, but opened at $51.96. Gentherm shares last traded at $53.52, with a volume of 63,804 shares traded.

The auto parts company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.19. Gentherm had a return on equity of 12.91% and a net margin of 2.75%. The company had revenue of $356.00 million for the quarter, compared to analyst estimates of $361.11 million. During the same quarter in the prior year, the firm posted $0.49 EPS. Gentherm’s quarterly revenue was down 2.1% compared to the same quarter last year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on THRM shares. StockNews.com upgraded Gentherm from a “hold” rating to a “buy” rating in a report on Thursday, February 22nd. JPMorgan Chase & Co. reduced their target price on Gentherm from $63.00 to $60.00 and set an “underweight” rating on the stock in a research note on Monday, April 22nd. Finally, Robert W. Baird reduced their target price on Gentherm from $67.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $65.75.

Insiders Place Their Bets

In other news, CEO Phillip Eyler sold 15,000 shares of the firm’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $55.17, for a total transaction of $827,550.00. Following the transaction, the chief executive officer now owns 147,317 shares in the company, valued at $8,127,478.89. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.91% of the company’s stock.

Hedge Funds Weigh In On Gentherm

Institutional investors have recently made changes to their positions in the company. Quadrant Capital Group LLC increased its stake in shares of Gentherm by 211.4% during the fourth quarter. Quadrant Capital Group LLC now owns 1,149 shares of the auto parts company’s stock valued at $60,000 after buying an additional 780 shares during the period. TFO Wealth Partners LLC increased its stake in shares of Gentherm by 44,050.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,766 shares of the auto parts company’s stock valued at $92,000 after buying an additional 1,762 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Gentherm by 14.9% during the third quarter. PNC Financial Services Group Inc. now owns 2,123 shares of the auto parts company’s stock valued at $115,000 after buying an additional 276 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in shares of Gentherm during the third quarter valued at $207,000. Finally, Panagora Asset Management Inc. bought a new stake in Gentherm during the third quarter valued at about $210,000. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Gentherm Stock Performance

The business has a 50-day moving average of $54.27 and a two-hundred day moving average of $50.49. The company has a market cap of $1.64 billion, a P/E ratio of 42.21 and a beta of 1.49. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.12 and a quick ratio of 1.48.

Gentherm Company Profile

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.