Gentherm (NASDAQ:THRM) Trading Up 12.4% Following Earnings Beat

Gentherm Inc (NASDAQ:THRM)’s stock price shot up 12.4% on Thursday following a stronger than expected earnings report. The company traded as high as $41.11 and last traded at $40.5290. Approximately 99,584 shares were traded during mid-day trading, a decline of 66% from the average session volume of 289,277 shares. The stock had previously closed at $36.05.

The auto parts company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.19. Gentherm had a net margin of 1.47% and a return on equity of 11.25%. The business had revenue of $416.17 million during the quarter, compared to analysts’ expectations of $382.90 million. During the same quarter in the previous year, the company earned $0.54 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on THRM shares. Weiss Ratings raised shares of Gentherm from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 8th. Wall Street Zen upgraded shares of Gentherm from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 25th. Stifel Nicolaus lifted their target price on shares of Gentherm from $38.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday. JPMorgan Chase & Co. boosted their target price on shares of Gentherm from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Finally, Robert W. Baird raised their price target on shares of Gentherm from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $38.60.

Institutional Investors Weigh In On Gentherm

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Gentherm by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 3,332,197 shares of the auto parts company’s stock worth $121,192,000 after purchasing an additional 29,214 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Gentherm by 7.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,474,493 shares of the auto parts company’s stock worth $40,960,000 after acquiring an additional 96,280 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Gentherm by 42.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 635,066 shares of the auto parts company’s stock valued at $21,630,000 after acquiring an additional 190,432 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Gentherm by 1.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 554,641 shares of the auto parts company’s stock valued at $15,408,000 after acquiring an additional 10,058 shares during the period. Finally, Qube Research & Technologies Ltd boosted its holdings in Gentherm by 56.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 469,097 shares of the auto parts company’s stock valued at $13,271,000 after acquiring an additional 169,401 shares during the period. 97.13% of the stock is owned by hedge funds and other institutional investors.

Gentherm Stock Performance

The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 55.38 and a beta of 1.38. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.36 and a current ratio of 1.97. The firm has a 50-day simple moving average of $34.91 and a two-hundred day simple moving average of $32.82.

About Gentherm

Gentherm Incorporated (NASDAQ: THRM) is a global developer and supplier of advanced thermal management technologies for automotive, specialty vehicle, medical, consumer and industrial markets. The company’s core focus lies in delivering integrated heating and cooling systems designed to enhance energy efficiency, comfort and safety across a wide range of applications. Gentherm’s product portfolio includes seat thermal systems, heated and ventilated seating surfaces, steering wheel heaters, battery thermal management solutions, and climate systems for electric vehicles.

In the automotive sector, Gentherm partners with leading original equipment manufacturers to engineer and manufacture high-performance thermal solutions that meet stringent industry demands for reduced weight, lower energy consumption and improved passenger comfort.