Gentherm (NASDAQ:THRM) Price Target Cut to $60.00 by Analysts at JPMorgan Chase & Co.

Gentherm (NASDAQ:THRM) had its price target cut by JPMorgan Chase & Co. from $63.00 to $60.00 in a research note released on Monday, Benzinga reports. They currently have an underweight rating on the auto parts company’s stock.

A number of other research analysts also recently weighed in on the company. Robert W. Baird upped their target price on Gentherm from $60.00 to $66.00 and gave the stock a neutral rating in a report on Thursday, February 22nd. StockNews.com upgraded Gentherm from a hold rating to a buy rating in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Hold and a consensus target price of $66.00.

Gentherm Stock Down 0.3 %

Shares of NASDAQ:THRM opened at $49.83 on Monday. Gentherm has a 1 year low of $38.21 and a 1 year high of $66.54. The company has a market cap of $1.58 billion, a PE ratio of 40.51 and a beta of 1.49. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.12 and a quick ratio of 1.48. The stock’s 50-day moving average is $54.29 and its 200 day moving average is $50.65.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings results on Wednesday, February 21st. The auto parts company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.36. Gentherm had a return on equity of 12.91% and a net margin of 2.75%. The company had revenue of $366.93 million for the quarter, compared to the consensus estimate of $364.40 million. During the same quarter in the previous year, the business earned $0.47 EPS. Gentherm’s revenue was up 6.9% compared to the same quarter last year. Sell-side analysts anticipate that Gentherm will post 2.81 EPS for the current year.

Insider Buying and Selling

In related news, CEO Phillip Eyler sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $55.17, for a total value of $827,550.00. Following the sale, the chief executive officer now owns 147,317 shares in the company, valued at approximately $8,127,478.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.91% of the stock is currently owned by company insiders.

Institutional Trading of Gentherm

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. lifted its holdings in shares of Gentherm by 1.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 20,908 shares of the auto parts company’s stock valued at $1,134,000 after buying an additional 251 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Gentherm by 14.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,123 shares of the auto parts company’s stock valued at $115,000 after buying an additional 276 shares during the period. Eagle Ridge Investment Management lifted its holdings in shares of Gentherm by 5.3% during the 3rd quarter. Eagle Ridge Investment Management now owns 6,272 shares of the auto parts company’s stock valued at $340,000 after buying an additional 316 shares during the period. Bridge City Capital LLC lifted its holdings in shares of Gentherm by 0.8% during the 1st quarter. Bridge City Capital LLC now owns 56,156 shares of the auto parts company’s stock valued at $3,233,000 after buying an additional 443 shares during the period. Finally, Raymond James & Associates lifted its holdings in shares of Gentherm by 0.5% during the 3rd quarter. Raymond James & Associates now owns 104,144 shares of the auto parts company’s stock valued at $5,651,000 after buying an additional 469 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.