Gentherm (NASDAQ:THRM) Downgraded to Buy Rating by StockNews.com

StockNews.com lowered shares of Gentherm (NASDAQ:THRM) from a strong-buy rating to a buy rating in a research report report published on Friday morning.

Several other analysts have also issued reports on THRM. Craig Hallum decreased their price target on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Robert W. Baird lowered their price objective on Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. upgraded shares of Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price target on the stock in a research note on Monday, October 21st.

Gentherm Trading Down 0.0 %

NASDAQ:THRM opened at $39.67 on Friday. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.34. The company’s 50 day moving average is $40.60 and its 200-day moving average is $44.84. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 18.54 and a beta of 1.42. Gentherm has a 12 month low of $37.94 and a 12 month high of $62.93.

Gentherm (NASDAQ:THRM) last released its earnings results on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The firm had revenue of $371.50 million during the quarter, compared to analyst estimates of $372.89 million. Gentherm had a net margin of 4.61% and a return on equity of 14.36%. The business’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.64 EPS. Equities analysts anticipate that Gentherm will post 2.71 EPS for the current year.

Insider Transactions at Gentherm

In other Gentherm news, SVP Thomas Stocker sold 1,295 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $42.98, for a total transaction of $55,659.10. Following the transaction, the senior vice president now owns 13,413 shares of the company’s stock, valued at approximately $576,490.74. This represents a 8.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Hui (Helen) Xu sold 2,500 shares of Gentherm stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $42.00, for a total transaction of $105,000.00. Following the sale, the senior vice president now owns 18,947 shares of the company’s stock, valued at approximately $795,774. This represents a 11.66 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.91% of the company’s stock.

Hedge Funds Weigh In On Gentherm

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP grew its stake 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 purchasing an additional 486 shares during the period. Gladius Capital Management LP acquired a new stake in shares of Gentherm in the 3rd quarter valued at approximately $44,000. KBC Group NV boosted its stake in Gentherm by 82.2% during the 4th quarter. KBC Group NV now owns 1,822 shares of the auto parts company’s stock worth $73,000 after acquiring an additional 822 shares during the last quarter. MeadowBrook Investment Advisors LLC grew its holdings in Gentherm by 8.4% during the third quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock valued at $156,000 after purchasing an additional 260 shares during the period. Finally, XTX Topco Ltd bought a new stake in Gentherm in the third quarter valued at approximately $207,000. 97.13% of the stock is owned by institutional investors.

About Gentherm

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.