Gentherm (NASDAQ:THRM) Downgraded by StockNews.com to Buy

StockNews.com lowered shares of Gentherm (NASDAQ:THRM) from a strong-buy rating to a buy rating in a report released on Wednesday morning.

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

Gentherm Stock Performance

Shares of THRM opened at $33.58 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.38 and a current ratio of 2.01. The stock has a 50 day moving average price of $38.08 and a two-hundred day moving average price of $42.51. The firm has a market capitalization of $1.03 billion, a P/E ratio of 16.22 and a beta of 1.42. Gentherm has a 52 week low of $30.25 and a 52 week high of $58.17.

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

Insider Activity

In related news, SVP Hui (Helen) Xu sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $42.00, for a total value of $105,000.00. Following the transaction, the senior vice president now owns 18,947 shares in the company, valued at approximately $795,774. This 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 this link. Also, SVP Thomas Stocker sold 1,295 shares of the company’s stock in a transaction that occurred on 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 transaction, the senior vice president now owns 13,413 shares in the company, valued at approximately $576,490.74. The trade was a 8.80 % decrease in their position. 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 institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Gentherm by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 3,667,551 shares of the auto parts company’s stock valued at $146,427,000 after purchasing an additional 74,758 shares during the last quarter. Trigran Investments Inc. lifted its stake in Gentherm by 7.3% in the fourth quarter. Trigran Investments Inc. now owns 1,990,938 shares of the auto parts company’s stock valued at $79,488,000 after purchasing an additional 135,458 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Gentherm by 5.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,217,681 shares of the auto parts company’s stock worth $48,616,000 after acquiring an additional 62,562 shares in the last quarter. Disciplined Growth Investors Inc. MN lifted its position 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 worth $54,448,000 after acquiring an additional 23,051 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. lifted its position in shares of Gentherm by 23.8% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 782,983 shares of the auto parts company’s stock worth $31,261,000 after acquiring an additional 150,310 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.