Gentherm (NASDAQ:THRM) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Gentherm (NASDAQ:THRM) from a strong-buy rating to a buy rating in a research note issued to investors on Friday.

A number of other equities research analysts also recently issued reports on the stock. Robert W. Baird reduced their price objective on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Craig Hallum decreased their price objective 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, JPMorgan Chase & Co. upgraded Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 target price for the company in a research note on Monday, October 21st.

Gentherm Price Performance

Shares of Gentherm stock opened at $39.67 on Friday. The company has a 50-day simple moving average of $40.60 and a two-hundred day simple moving average of $44.79. Gentherm has a twelve month low of $37.94 and a twelve month high of $62.93. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 18.54 and a beta of 1.42. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.34.

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

Insider Activity at Gentherm

In other Gentherm news, SVP Thomas Stocker sold 1,295 shares of the stock in a transaction dated 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 transaction, the senior vice president now directly owns 13,413 shares in the company, valued at approximately $576,490.74. This trade represents a 8.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Hui (Helen) Xu sold 2,500 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $42.00, for a total value of $105,000.00. Following the sale, the senior vice president now 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 disclosure for this sale can be found here. 1.91% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Gentherm

Several hedge funds have recently added to or reduced their stakes in the business. Disciplined Growth Investors Inc. MN raised its stake in shares of Gentherm by 2.0% during the third quarter. Disciplined Growth Investors Inc. MN now owns 1,169,671 shares of the auto parts company’s stock valued at $54,448,000 after acquiring an additional 23,051 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Gentherm by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,146,375 shares of the auto parts company’s stock valued at $56,539,000 after purchasing an additional 37,365 shares during the period. Global Alpha Capital Management Ltd. raised its position in Gentherm by 22.6% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 632,673 shares of the auto parts company’s stock worth $29,451,000 after purchasing an additional 116,500 shares during the last quarter. FMR LLC lifted its holdings in Gentherm by 26.8% during the 3rd quarter. FMR LLC now owns 507,598 shares of the auto parts company’s stock worth $23,629,000 after buying an additional 107,322 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Gentherm by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 460,829 shares of the auto parts company’s stock valued at $21,452,000 after buying an additional 5,754 shares during the last quarter. 97.13% of the stock is currently owned by institutional investors and hedge funds.

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.