StockNews.com Downgrades Gentherm (NASDAQ:THRM) to Buy

Gentherm (NASDAQ:THRM) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Monday.

Several other equities analysts have also recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Gentherm from $56.00 to $51.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Craig Hallum cut their price target on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Finally, Robert W. Baird decreased their price objective on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st.

Gentherm Stock Performance

Shares of Gentherm stock opened at $36.24 on Monday. Gentherm has a 52 week low of $35.67 and a 52 week high of $62.93. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average price of $39.66 and a 200-day moving average price of $43.77. The company has a market cap of $1.12 billion, a PE ratio of 16.93 and a beta of 1.42.

Insider Activity

In other news, SVP Hui (Helen) Xu sold 2,500 shares of the 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 of the company’s stock, valued at $795,774. This represents a 11.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Thomas Stocker sold 1,295 shares of Gentherm stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $42.98, for a total transaction 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 $576,490.74. This trade represents a 8.80 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.91% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in THRM. Barclays PLC increased its holdings in Gentherm by 234.8% in the 3rd quarter. Barclays PLC now owns 61,466 shares of the auto parts company’s stock worth $2,861,000 after acquiring an additional 43,108 shares during the last quarter. Global Alpha Capital Management Ltd. boosted its position in Gentherm by 22.6% during the third 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 period. Raymond James & Associates increased its stake in shares of Gentherm by 18.9% in the third quarter. Raymond James & Associates now owns 128,468 shares of the auto parts company’s stock worth $5,980,000 after purchasing an additional 20,401 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Gentherm by 46.0% in the third quarter. JPMorgan Chase & Co. now owns 67,831 shares of the auto parts company’s stock valued at $3,158,000 after purchasing an additional 21,376 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Gentherm by 1.3% during 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 in the last quarter. 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.