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

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

Other equities research analysts have also recently issued research reports about the company. Robert W. Baird reduced their price objective on Gentherm from $44.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. JPMorgan Chase & Co. reduced their price objective on Gentherm from $56.00 to $51.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Finally, Craig Hallum cut their target price on Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st.

Gentherm Trading Up 0.1 %

Shares of Gentherm stock opened at $33.08 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.38 and a current ratio of 2.01. Gentherm has a 52 week low of $30.25 and a 52 week high of $58.17. The stock has a 50 day moving average price of $37.85 and a two-hundred day moving average price of $42.38. The stock has a market capitalization of $1.02 billion, a PE ratio of 15.98 and a beta of 1.42.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings data on Wednesday, February 19th. The auto parts company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.39). Gentherm had a net margin of 4.46% and a return on equity of 11.43%. The firm had revenue of $352.91 million during the quarter, compared to analyst estimates of $360.29 million. During the same period last year, the business posted $0.90 EPS. The company’s revenue was down 3.8% on a year-over-year basis. As a group, equities analysts anticipate that Gentherm will post 3.1 earnings per share for the current fiscal year.

Insider Activity at Gentherm

In related news, 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 transaction, the senior vice president now owns 18,947 shares of the company’s stock, valued at $795,774. The trade was a 11.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 value of $55,659.10. Following the transaction, the senior vice president now directly owns 13,413 shares in the company, valued at approximately $576,490.74. The trade was a 8.80 % decrease in their position. The disclosure for this sale can be found here. 1.91% of the stock is owned by insiders.

Institutional Trading of Gentherm

A number of hedge funds have recently bought and sold shares of THRM. Raymond James Financial Inc. bought a new stake in Gentherm during the fourth quarter worth $15,400,000. Nuance Investments LLC bought a new stake in Gentherm during the third quarter worth $16,754,000. HITE Hedge Asset Management LLC bought a new stake in Gentherm during the fourth quarter worth $9,832,000. Cerity Partners LLC lifted its holdings in Gentherm by 880.7% during the third quarter. Cerity Partners LLC now owns 188,683 shares of the auto parts company’s stock worth $8,783,000 after acquiring an additional 169,443 shares during the period. Finally, Segall Bryant & Hamill LLC lifted its holdings in Gentherm by 42.9% during the fourth quarter. Segall Bryant & Hamill LLC now owns 525,026 shares of the auto parts company’s stock worth $20,962,000 after acquiring an additional 157,544 shares during the period. 97.13% of the stock is currently 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.