Shares of Gentherm Inc (NASDAQ:THRM) have been assigned a consensus recommendation of “Hold” from the twelve analysts that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $43.60.
Several brokerages recently commented on THRM. Argus downgraded shares of Gentherm from a “buy” rating to a “hold” rating in a report on Monday, July 29th. TheStreet downgraded shares of Gentherm from a “b-” rating to a “c+” rating in a report on Thursday, July 25th. BidaskClub downgraded shares of Gentherm from a “hold” rating to a “sell” rating in a report on Saturday. ValuEngine raised shares of Gentherm from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Finally, Zacks Investment Research raised shares of Gentherm from a “sell” rating to a “hold” rating in a report on Thursday, August 15th.
Shares of THRM traded up $0.33 during midday trading on Wednesday, reaching $37.57. The stock had a trading volume of 99,706 shares, compared to its average volume of 210,726. The firm has a 50 day simple moving average of $39.39 and a 200-day simple moving average of $40.02. Gentherm has a one year low of $36.16 and a one year high of $50.30. The firm has a market cap of $1.24 billion, a PE ratio of 17.72 and a beta of 1.33. The company has a current ratio of 2.34, a quick ratio of 1.65 and a debt-to-equity ratio of 0.22.
Gentherm (NASDAQ:THRM) last announced its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Gentherm had a net margin of 2.31% and a return on equity of 14.49%. The firm had revenue of $243.33 million during the quarter, compared to the consensus estimate of $254.53 million. During the same period last year, the business earned $0.58 EPS. The business’s revenue was down 8.7% on a year-over-year basis. As a group, research analysts forecast that Gentherm will post 2.1 EPS for the current fiscal year.
In other Gentherm news, VP Kenneth John Phillips sold 1,345 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $39.46, for a total value of $53,073.70. Following the completion of the sale, the vice president now owns 16,069 shares of the company’s stock, valued at approximately $634,082.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Frithjof Oldorff sold 10,230 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $38.79, for a total transaction of $396,821.70. Following the completion of the sale, the insider now directly owns 36,218 shares of the company’s stock, valued at approximately $1,404,896.22. The disclosure for this sale can be found here. Insiders have sold a total of 15,152 shares of company stock valued at $601,489 in the last ninety days. 1.50% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of THRM. JPMorgan Chase & Co. boosted its holdings in Gentherm by 2,342.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 380,573 shares of the auto parts company’s stock valued at $15,774,000 after purchasing an additional 364,991 shares during the period. Norges Bank bought a new stake in Gentherm in the 4th quarter valued at about $9,992,000. UBS Group AG boosted its holdings in Gentherm by 178.1% in the 2nd quarter. UBS Group AG now owns 332,030 shares of the auto parts company’s stock valued at $13,889,000 after purchasing an additional 212,618 shares during the period. Nuveen Asset Management LLC bought a new stake in Gentherm in the 2nd quarter valued at about $6,228,000. Finally, Westwood Holdings Group Inc. boosted its holdings in Gentherm by 48.4% in the 1st quarter. Westwood Holdings Group Inc. now owns 441,659 shares of the auto parts company’s stock valued at $16,280,000 after purchasing an additional 143,973 shares during the period.
Gentherm Company Profile
Gentherm, Inc engages in the design, development, manufacture, and marketing of heating, cooling, and ventilating devices. It operates through the following business segments: Automotive and Industrial.. The Automotive segment designs, develops, produces, and sells automotive seat comfort systems, specialized automotive cable systems, and automotive and non-automotive thermal convenience products.
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