Zacks Investment Research upgraded shares of Gentherm Inc (NASDAQ:THRM) from a sell rating to a hold rating in a research note released on Saturday morning.

According to Zacks, “Gentherm Inc. is a developer and marketer of innovative thermal management technologies for a broad range of heating and cooling and temperature control applications. The Company offers heated seating, climate seating, electronics, and cables for the automotive markets. It is also building thermoelectric generators to capture the heat and convert it into electricity for various applications in automotive, industrial, and materials sectors. Gentherm Inc., formerly known as Amerigon Incorporated, is based in Northville, Michigan. “

THRM has been the subject of several other reports. FBR & Co restated a buy rating and set a $45.00 price target on shares of Gentherm in a research report on Thursday, October 26th. ValuEngine downgraded shares of Gentherm from a buy rating to a hold rating in a research note on Friday, September 1st. BMO Capital Markets lowered their price objective on shares of Gentherm from $46.00 to $42.00 and set an outperform rating for the company in a research note on Tuesday, August 1st. Craig Hallum downgraded shares of Gentherm from a buy rating to a hold rating and lowered their price objective for the company from $44.00 to $38.00 in a research note on Friday, July 28th. Finally, Barrington Research lowered their price objective on shares of Gentherm from $47.00 to $43.00 and set an outperform rating for the company in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $40.75.

Gentherm (THRM) traded down $0.65 during midday trading on Friday, reaching $33.30. 205,960 shares of the company’s stock traded hands, compared to its average volume of 247,084. The company has a current ratio of 3.23, a quick ratio of 2.47 and a debt-to-equity ratio of 0.26. Gentherm has a twelve month low of $26.60 and a twelve month high of $40.80. The stock has a market capitalization of $1,221.48, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 1.02 and a beta of 1.94.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.33). Gentherm had a net margin of 6.89% and a return on equity of 12.82%. The business had revenue of $235.85 million for the quarter, compared to analysts’ expectations of $235.94 million. During the same quarter in the previous year, the company earned $0.61 earnings per share. The business’s quarterly revenue was up 1.4% on a year-over-year basis. equities analysts expect that Gentherm will post 1.63 earnings per share for the current year.

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Several large investors have recently modified their holdings of THRM. BlackRock Inc. raised its stake in shares of Gentherm by 152,589.9% during the first quarter. BlackRock Inc. now owns 4,608,180 shares of the auto parts company’s stock valued at $180,872,000 after acquiring an additional 4,605,162 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its stake in Gentherm by 39.3% in the second quarter. Disciplined Growth Investors Inc. MN now owns 1,885,661 shares of the auto parts company’s stock worth $73,164,000 after buying an additional 532,415 shares in the last quarter. Janus Henderson Group PLC bought a new position in Gentherm in the second quarter worth about $18,221,000. Vanguard Group Inc. raised its stake in Gentherm by 7.3% in the first quarter. Vanguard Group Inc. now owns 3,212,182 shares of the auto parts company’s stock worth $126,078,000 after buying an additional 218,171 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in Gentherm in the second quarter worth about $4,367,000. 96.61% of the stock is owned by hedge funds and other institutional investors.

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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