Gentherm (NASDAQ:THRM) Shares Gap Up – Should You Buy?

Shares of Gentherm Incorporated (NASDAQ:THRM) gapped up before the market opened on Monday . The stock had previously closed at $30.39, but opened at $31.79. Gentherm shares last traded at $30.52, with a volume of 16,041 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Robert W. Baird lowered their price target on shares of Gentherm from $44.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. StockNews.com cut Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. dropped their price objective on Gentherm from $56.00 to $51.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th.

Gentherm Price Performance

The business has a fifty day moving average of $36.18 and a two-hundred day moving average of $40.82. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.38 and a current ratio of 2.01. The firm has a market capitalization of $939.37 million, a price-to-earnings ratio of 14.70 and a beta of 1.45.

Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Wednesday, February 19th. The auto parts company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.39). The company had revenue of $352.91 million for the quarter, compared to the consensus estimate of $360.29 million. Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period last year, the firm earned $0.90 earnings per share. As a group, research analysts predict that Gentherm Incorporated will post 3.1 EPS for the current fiscal year.

Institutional Trading of Gentherm

Several hedge funds have recently added to or reduced their stakes in THRM. Quarry LP lifted its holdings in shares of Gentherm by 952.9% during the third quarter. Quarry LP now owns 537 shares of the auto parts company’s stock worth $25,000 after buying an additional 486 shares in the last quarter. Signaturefd LLC boosted its holdings in Gentherm by 233.8% in the 4th quarter. Signaturefd LLC now owns 661 shares of the auto parts company’s stock valued at $26,000 after purchasing an additional 463 shares during the period. Gladius Capital Management LP acquired a new position in shares of Gentherm during the 3rd quarter worth approximately $44,000. KBC Group NV raised its position in shares of Gentherm by 82.2% in the fourth quarter. KBC Group NV now owns 1,822 shares of the auto parts company’s stock valued at $73,000 after buying an additional 822 shares in the last quarter. Finally, Headlands Technologies LLC boosted its stake in shares of Gentherm by 117.1% in the fourth quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company’s stock valued at $73,000 after buying an additional 991 shares during the period. 97.13% of the stock is owned by institutional investors and hedge funds.

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.