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 report sent to investors on Tuesday.

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

Gentherm Trading Down 0.8 %

Shares of NASDAQ:THRM opened at $39.26 on Tuesday. The company has a market capitalization of $1.22 billion, a PE ratio of 18.35 and a beta of 1.42. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34. Gentherm has a 12-month low of $37.94 and a 12-month high of $62.93. The business’s fifty day simple moving average is $41.60 and its 200-day simple moving average is $45.63.

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

Insider Activity

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in THRM. Barclays PLC boosted its holdings in Gentherm by 234.8% in the third quarter. Barclays PLC now owns 61,466 shares of the auto parts company’s stock valued at $2,861,000 after purchasing an additional 43,108 shares during the last quarter. Global Alpha Capital Management Ltd. lifted its holdings in shares of Gentherm by 22.6% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 632,673 shares of the auto parts company’s stock valued at $29,451,000 after buying an additional 116,500 shares during the period. Raymond James & Associates boosted its stake in shares of Gentherm by 18.9% in the third quarter. Raymond James & Associates now owns 128,468 shares of the auto parts company’s stock worth $5,980,000 after buying an additional 20,401 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Gentherm by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 460,829 shares of the auto parts company’s stock worth $21,452,000 after acquiring an additional 5,754 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its position in Gentherm by 1.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 951,798 shares of the auto parts company’s stock valued at $46,943,000 after acquiring an additional 10,402 shares in the last quarter. Hedge funds and other institutional investors own 97.13% of the company’s stock.

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.