JPMorgan Chase & Co. Upgrades Gentherm (NASDAQ:THRM) to “Neutral”

Gentherm (NASDAQ:THRM) was upgraded by equities researchers at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a report released on Monday, Briefing.com reports. The brokerage presently has a $56.00 target price on the auto parts company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 36.02% from the stock’s current price.

A number of other research firms have also recently commented on THRM. Robert W. Baird reduced their price target 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 upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $62.00.

Gentherm Stock Performance

Shares of Gentherm stock opened at $41.17 on Monday. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 28.20 and a beta of 1.43. The stock’s 50-day moving average is $47.07 and its 200-day moving average is $49.71. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.11 and a quick ratio of 1.46. Gentherm has a one year low of $38.21 and a one year high of $62.93.

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

Insider Transactions at Gentherm

In other news, CEO Phillip Eyler sold 4,402 shares of the business’s 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 owns 147,317 shares of the company’s stock, valued at approximately $7,395,313.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.91% of the stock is currently owned by insiders.

Institutional Trading of Gentherm

Hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC raised its position in Gentherm by 2,995.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 268,920 shares of the auto parts company’s stock valued at $15,484,000 after purchasing an additional 260,233 shares during the last quarter. American Century Companies Inc. grew its stake in Gentherm by 119.4% during the second quarter. American Century Companies Inc. now owns 259,185 shares of the auto parts company’s stock worth $12,783,000 after purchasing an additional 141,047 shares during the period. Pembroke Management LTD grew its position in shares of Gentherm by 36.5% during the 1st quarter. Pembroke Management LTD now owns 273,827 shares of the auto parts company’s stock worth $15,767,000 after buying an additional 73,227 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of Gentherm by 265.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 94,247 shares of the auto parts company’s stock valued at $4,648,000 after acquiring an additional 68,477 shares in the last quarter. Finally, Roubaix Capital LLC acquired a new position in shares of Gentherm during the 1st quarter valued at $2,647,000. Institutional investors and hedge funds own 97.13% of the company’s stock.

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.