Gentherm (NASDAQ:THRM) Cut to Buy at StockNews.com

StockNews.com downgraded shares of Gentherm (NASDAQ:THRM) from a strong-buy rating to a buy rating in a research note released on Tuesday.

A number of other research firms have also recently issued reports on THRM. JPMorgan Chase & Co. raised 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. Craig Hallum dropped their target price 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. Finally, Robert W. Baird cut their target price on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st.

Gentherm Trading Down 0.8 %

Shares of Gentherm stock opened at $39.26 on Tuesday. The firm has a 50-day simple moving average of $41.60 and a two-hundred day simple moving average of $45.63. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.38 and a current ratio of 2.02. Gentherm has a fifty-two week low of $37.94 and a fifty-two week high of $62.93. The company has a market cap of $1.22 billion, a P/E ratio of 18.35 and a beta of 1.42.

Gentherm (NASDAQ:THRM) last released its quarterly 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. Gentherm had a return on equity of 14.36% and a net margin of 4.61%. The company had revenue of $371.50 million during the quarter, compared to analysts’ expectations of $372.89 million. During the same quarter in the prior year, the firm posted $0.64 EPS. Gentherm’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, equities analysts predict that Gentherm will post 2.71 earnings per share for the current fiscal year.

Insider Activity at Gentherm

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

Institutional Trading of Gentherm

Several large investors have recently added to or reduced their stakes in the stock. Nuance Investments LLC purchased a new stake in shares of Gentherm in the third quarter valued at about $16,754,000. Cerity Partners LLC boosted its holdings in Gentherm by 880.7% in the 3rd quarter. Cerity Partners LLC now owns 188,683 shares of the auto parts company’s stock valued at $8,783,000 after purchasing an additional 169,443 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Gentherm by 119.4% in the 2nd quarter. American Century Companies Inc. now owns 259,185 shares of the auto parts company’s stock valued at $12,783,000 after buying an additional 141,047 shares during the period. Global Alpha Capital Management Ltd. increased its holdings in shares of Gentherm by 22.6% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 632,673 shares of the auto parts company’s stock worth $29,451,000 after buying an additional 116,500 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of Gentherm by 26.8% during the 3rd quarter. FMR LLC now owns 507,598 shares of the auto parts company’s stock worth $23,629,000 after buying an additional 107,322 shares during the last quarter. 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.