Gentherm (NASDAQ:THRM) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Tuesday.
A number of other brokerages also recently commented on THRM. TheStreet downgraded shares of Gentherm from a “b” rating to a “c” rating in a report on Thursday, October 25th. ValuEngine upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a report on Saturday, October 27th. Roth Capital set a $43.00 price target on shares of Gentherm and gave the stock a “hold” rating in a report on Friday, July 27th. Longbow Research reiterated a “sell” rating and set a $26.00 price target on shares of Gentherm in a report on Thursday, July 26th. Finally, Zacks Investment Research upgraded shares of Gentherm from a “sell” rating to a “hold” rating in a report on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $44.20.
NASDAQ:THRM opened at $43.64 on Tuesday. The company has a quick ratio of 1.94, a current ratio of 2.55 and a debt-to-equity ratio of 0.18. Gentherm has a twelve month low of $30.17 and a twelve month high of $50.30. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 18.89 and a beta of 1.60.
In related news, Director Ronald T. Hundzinski bought 1,500 shares of the stock in a transaction that occurred on Friday, August 3rd. The stock was purchased at an average cost of $45.90 per share, for a total transaction of $68,850.00. Following the completion of the acquisition, the director now owns 9,831 shares in the company, valued at $451,242.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Frithjof Oldorff sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $49.15, for a total transaction of $983,000.00. Following the completion of the sale, the insider now owns 57,442 shares of the company’s stock, valued at $2,823,274.30. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. grace capital purchased a new stake in Gentherm in the second quarter valued at approximately $157,000. Zions Bancorporation grew its holdings in Gentherm by 55.2% in the second quarter. Zions Bancorporation now owns 4,275 shares of the auto parts company’s stock valued at $168,000 after purchasing an additional 1,520 shares during the period. Sei Investments Co. grew its holdings in Gentherm by 59.0% in the second quarter. Sei Investments Co. now owns 4,915 shares of the auto parts company’s stock valued at $193,000 after purchasing an additional 1,824 shares during the period. First Mercantile Trust Co. grew its holdings in Gentherm by 634.3% in the second quarter. First Mercantile Trust Co. now owns 5,140 shares of the auto parts company’s stock valued at $202,000 after purchasing an additional 4,440 shares during the period. Finally, Amalgamated Bank acquired a new position in Gentherm during the second quarter valued at approximately $212,000.
Gentherm Incorporated designs, develops, and manufactures thermal management technologies in North America, Europe, and Asia. The company operates through two segments, Automotive and Industrial. The Automotive segment offers automotive seat comfort systems, including seat heaters, variable temperature climate control seats that are designed to provide individualized thermal comfort to automobile passengers; and integrated electronic components, such as blowers and electronic control units.
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