In a report published on Saturday, the rating went from 'hold' to 'buy'.
Gentherm Stock Drops 0.8 %
The opening price was $55.37. The fifty-day moving average of the firm is $57.75, and its 200-day moving average is $63.12. Gentherm's 52-week low is $49.45, and its 52-week high is $76.13. The company's quick ratio is 1.61, its current ratio is 2.32, and it has a debt to equity ratio of 0.34. The company announced its latest quarterly results on April 27th. The auto parts company's earnings per share (EPS), which were $0.49, fell short of the consensus estimate by $0.50. Revenue for the quarter was $363.60 millions, which is higher than the consensus estimate. Gentherm's return on equity was 9.74%, and its net margin was 1.59%. Gentherm's revenues were up 35.8% year-over-year. In the same time period last year the company earned $0.41 per share. Analysts expect Gentherm to post an average of 2.51 earnings per share in the current year.
Insiders Bet on the Future
SVP Barbara J. Runyon, who is also a Gentherm director, sold 3,748 Gentherm shares in a deal that took place on May 3rd. The stock was purchased at a price of $59.85 on average, for a value of $224.317.20. The senior vice president owns directly 22,236 shares of the company valued at $1,330.824.60. Insiders of the company own 1.32%.
Institutional Investors weigh in on Gentherm
Recently, large investors have changed their stock holdings. Point72 Hong Kong Ltd purchased a new Gentherm position worth $33,000 in the third quarter. Quadrant Capital group LLC increased its holdings in Gentherm shares by 177.7% during the third quarter. Quadrant Capital group LLC owns 672 of the auto parts firm's shares worth $33,000, after purchasing an additional 430 in the third quarter. Global Retirement Partners LLC increased its position in Gentherm during the first quarter by 90.9%. Global Retirement Partners LLC owns 691 of the auto parts firm's shares valued at $41,000, after purchasing an additional 329 during the period. Tower Research Capital LLC TRC increased its stake in Gentherm during the first quarter by 192.7%. Tower Research Capital LLC TRC owns 846 of the auto parts firm's shares worth $51,000, after purchasing an additional 557 in the previous quarter. SkyView Investment Advisors LLC also purchased Gentherm stock in the first quarter, worth approximately $60,000. Institutional investors hold 96.29% the stock of Gentherm.
Gentherm Incorporated is a company that designs, manufactures and markets thermal management technology. The company has two main segments: Automotive and Medical. The Automotive segment provides climate comfort products, including seat heaters, thermoelectric devices, and electronic control units, that use proprietary software and electronics. Other climate comfort products include neck and shoulder conditioners, climate control systems for door panels, armrests and cupholders.
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