Gentherm (NASDAQ:THRM) Rating Increased to Neutral at JPMorgan Chase & Co.

Gentherm (NASDAQ:THRM) was upgraded by equities researchers at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research note issued on Monday, Marketbeat.com reports. The brokerage presently has a $56.00 price target on the auto parts company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 38.92% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. StockNews.com upgraded Gentherm from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Robert W. Baird dropped their price objective on Gentherm from $65.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, July 12th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $62.00.

Gentherm Price Performance

Shares of NASDAQ THRM opened at $40.31 on Monday. The firm has a market capitalization of $1.28 billion, a P/E ratio of 27.61 and a beta of 1.43. The company has a quick ratio of 1.46, a current ratio of 2.11 and a debt-to-equity ratio of 0.35. The stock’s 50-day simple moving average is $46.68 and its two-hundred day simple moving average is $49.51. Gentherm has a twelve month low of $38.21 and a twelve month high of $62.93.

Gentherm (NASDAQ:THRM) last announced its earnings results on Wednesday, July 31st. The auto parts company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. The business had revenue of $375.70 million for the quarter, compared to analyst estimates of $375.82 million. Gentherm had a return on equity of 14.03% and a net margin of 4.61%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.58 EPS. As a group, equities analysts anticipate that Gentherm will post 2.81 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Phillip Eyler sold 4,402 shares of Gentherm stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $50.20, for a total value of $220,980.40. Following the completion of the sale, the chief executive officer now owns 147,317 shares of the company’s stock, valued at $7,395,313.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.91% of the company’s stock.

Hedge Funds Weigh In On Gentherm

Several institutional investors and hedge funds have recently bought and sold shares of THRM. Headlands Technologies LLC lifted its position in Gentherm by 86.1% during the first quarter. Headlands Technologies LLC now owns 523 shares of the auto parts company’s stock valued at $30,000 after purchasing an additional 242 shares in the last quarter. Palouse Capital Management Inc. purchased a new position in shares of Gentherm in the second quarter valued at about $92,000. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Gentherm in the third quarter valued at about $208,000. Hsbc Holdings PLC lifted its position in shares of Gentherm by 3.5% in the second quarter. Hsbc Holdings PLC now owns 6,834 shares of the auto parts company’s stock valued at $337,000 after acquiring an additional 229 shares in the last quarter. Finally, Central Pacific Bank Trust Division purchased a new position in shares of Gentherm in the first quarter valued at about $347,000. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

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.