Gentherm (NASDAQ:THRM) Price Target Cut to $39.00 by Analysts at Robert W. Baird

Gentherm (NASDAQ:THRM) had its target price dropped by analysts at Robert W. Baird from $44.00 to $39.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the auto parts company’s stock. Robert W. Baird’s price objective would suggest a potential upside of 17.29% from the stock’s current price.

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. reduced their price objective on Gentherm from $56.00 to $51.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Craig Hallum decreased their price target on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Finally, StockNews.com raised shares of Gentherm from a “buy” rating to a “strong-buy” rating in a research report on Tuesday.

Gentherm Price Performance

NASDAQ:THRM opened at $33.25 on Thursday. Gentherm has a 52-week low of $30.25 and a 52-week high of $62.93. The stock has a fifty day moving average of $38.67 and a 200 day moving average of $43.01. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.38 and a current ratio of 2.02. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 15.61 and a beta of 1.42.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.39). Gentherm had a return on equity of 14.36% and a net margin of 4.61%. The company had revenue of $352.91 million during the quarter, compared to the consensus estimate of $360.29 million. During the same quarter last year, the company posted $0.90 earnings per share. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, research analysts expect that Gentherm will post 2.72 EPS for the current fiscal year.

Insider Activity at Gentherm

In other news, SVP Hui (Helen) Xu sold 2,500 shares of Gentherm 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 in the company, valued at approximately $795,774. This trade represents a 11.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $55,659.10. Following the completion of the sale, the senior vice president now directly owns 13,413 shares in the company, valued at approximately $576,490.74. This represents a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.91% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Gentherm

Several large investors have recently modified their holdings of the stock. MeadowBrook Investment Advisors LLC lifted its stake in Gentherm by 8.4% during 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 during the period. Rhumbline Advisers increased its position in Gentherm by 0.3% in the fourth quarter. Rhumbline Advisers now owns 90,758 shares of the auto parts company’s stock worth $3,623,000 after buying an additional 277 shares in the last quarter. Comerica Bank raised its stake in shares of Gentherm by 1.4% in the fourth quarter. Comerica Bank now owns 21,012 shares of the auto parts company’s stock worth $839,000 after buying an additional 300 shares during the period. Captrust Financial Advisors grew its stake in shares of Gentherm by 3.9% during the 3rd quarter. Captrust Financial Advisors now owns 8,296 shares of the auto parts company’s stock valued at $386,000 after acquiring an additional 314 shares during the period. Finally, Signaturefd LLC grew its stake in shares of Gentherm by 233.8% during the 4th quarter. Signaturefd LLC now owns 661 shares of the auto parts company’s stock valued at $26,000 after acquiring an additional 463 shares during the period. 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.