Gentherm (NASDAQ:THRM) Hits New 1-Year Low – Time to Sell?

Gentherm Incorporated (NASDAQ:THRM) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $38.08 and last traded at $38.08, with a volume of 45600 shares trading hands. The stock had previously closed at $38.63.

Analysts Set New Price Targets

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

Gentherm Trading Up 1.8 %

The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $1.21 billion, a P/E ratio of 18.22 and a beta of 1.42. The business has a 50-day moving average price of $42.00 and a two-hundred day moving average price of $46.62.

Gentherm (NASDAQ:THRM) last issued its earnings results on Wednesday, October 30th. The auto parts company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.66 by $0.09. The company had revenue of $371.50 million during the quarter, compared to analysts’ expectations of $372.89 million. Gentherm had a net margin of 4.61% and a return on equity of 14.36%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.64 EPS. On average, analysts expect that Gentherm Incorporated will post 2.71 EPS for the current fiscal year.

Insider Transactions at Gentherm

In other Gentherm news, SVP Hui (Helen) Xu sold 2,500 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $42.00, for a total transaction of $105,000.00. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Thomas Stocker sold 1,295 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 13,413 shares in the company, valued at $576,490.74. This trade represents a 8.80 % decrease in their position. The disclosure for this sale can be found here. 1.91% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Quarry LP boosted its position in shares of Gentherm by 952.9% during the 3rd quarter. Quarry LP now owns 537 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 486 shares in the last quarter. Gladius Capital Management LP acquired a new position in Gentherm in the third quarter valued at approximately $44,000. Headlands Technologies LLC boosted its holdings in shares of Gentherm by 134.0% during the 2nd quarter. Headlands Technologies LLC now owns 1,224 shares of the auto parts company’s stock worth $60,000 after buying an additional 701 shares in the last quarter. Palouse Capital Management Inc. acquired a new stake in shares of Gentherm during the 2nd quarter worth approximately $92,000. Finally, MeadowBrook Investment Advisors LLC increased its stake in shares of Gentherm by 8.4% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock valued at $156,000 after acquiring an additional 260 shares in the last quarter. 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.