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

Gentherm (NASDAQ:THRM) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Wednesday.

A number of other brokerages also recently issued reports on THRM. JPMorgan Chase & Co. lowered their price target on Gentherm from $56.00 to $51.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Craig Hallum dropped their target price on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Finally, Robert W. Baird reduced their price target on shares of Gentherm from $44.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th.

Gentherm Price Performance

Shares of THRM opened at $33.06 on Wednesday. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 15.97 and a beta of 1.42. The firm’s fifty day simple moving average is $37.96 and its 200-day simple moving average is $42.45. Gentherm has a twelve month low of $30.25 and a twelve month high of $58.17. The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.36.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.39). The business had revenue of $352.91 million during the quarter, compared to analyst estimates of $360.29 million. Gentherm had a net margin of 4.46% and a return on equity of 11.43%. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.90 earnings per share. Equities analysts forecast that Gentherm will post 3.1 EPS for the current fiscal year.

Insider Buying and Selling at Gentherm

In other news, SVP Thomas Stocker sold 1,295 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were 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 of the company’s stock, valued at approximately $576,490.74. This represents a 8.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Hui (Helen) Xu sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $42.00, for a total value 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. The trade was a 11.66 % decrease in their position. The disclosure for this sale can be found here. 1.91% of the stock is owned by company insiders.

Institutional Trading of Gentherm

Several hedge funds have recently modified their holdings of THRM. Quarry LP increased its holdings in shares of Gentherm by 952.9% in the 3rd quarter. Quarry LP now owns 537 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 486 shares in the last quarter. Signaturefd LLC increased its position in Gentherm by 233.8% during the fourth quarter. Signaturefd LLC now owns 661 shares of the auto parts company’s stock worth $26,000 after buying an additional 463 shares in the last quarter. Gladius Capital Management LP acquired a new position in Gentherm in the 3rd quarter valued at about $44,000. KBC Group NV lifted its stake in shares of Gentherm by 82.2% during the fourth quarter. KBC Group NV now owns 1,822 shares of the auto parts company’s stock valued at $73,000 after buying an additional 822 shares during the period. Finally, Headlands Technologies LLC grew its position in shares of Gentherm by 117.1% in the fourth quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company’s stock valued at $73,000 after purchasing an additional 991 shares during the period. 97.13% of the stock is 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.