Robert W. Baird Cuts Gentherm (NASDAQ:THRM) Price Target to $60.00

Gentherm (NASDAQ:THRM) had its price target lowered by Robert W. Baird from $65.00 to $60.00 in a report released on Friday, Benzinga reports. The firm presently has a “neutral” rating on the auto parts company’s stock. Robert W. Baird’s target price indicates a potential upside of 17.37% from the company’s current price.

Separately, JPMorgan Chase & Co. reduced their price target on Gentherm from $63.00 to $60.00 and set an “underweight” rating for the company in a report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $64.50.

Gentherm Stock Up 0.3 %

THRM traded up $0.16 on Friday, reaching $51.12. The company’s stock had a trading volume of 43,944 shares, compared to its average volume of 172,912. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 34.97 and a beta of 1.46. Gentherm has a 1 year low of $38.21 and a 1 year high of $66.54. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.10 and a quick ratio of 1.44. The business’s 50 day moving average is $50.84 and its 200 day moving average is $51.72.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Tuesday, April 30th. The auto parts company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.19. The firm had revenue of $356.00 million during the quarter, compared to the consensus estimate of $361.11 million. Gentherm had a return on equity of 13.56% and a net margin of 3.23%. Gentherm’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.49 earnings per share. As a group, research analysts forecast that Gentherm will post 2.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other Gentherm news, CEO Phillip Eyler sold 15,000 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $54.04, for a total transaction of $810,600.00. Following the transaction, the chief executive officer now owns 147,317 shares of the company’s stock, valued at approximately $7,961,010.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.91% of the stock is currently owned by company insiders.

Institutional Trading of Gentherm

A number of institutional investors and hedge funds have recently made changes to their positions in THRM. Headlands Technologies LLC raised its position in shares of Gentherm by 86.1% during the 1st quarter. Headlands Technologies LLC now owns 523 shares of the auto parts company’s stock worth $30,000 after purchasing an additional 242 shares during the period. Quadrant Capital Group LLC raised its position in shares of Gentherm by 211.4% during the 4th quarter. Quadrant Capital Group LLC now owns 1,149 shares of the auto parts company’s stock worth $60,000 after purchasing an additional 780 shares during the period. TFO Wealth Partners LLC raised its position in shares of Gentherm by 44,050.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,766 shares of the auto parts company’s stock worth $92,000 after purchasing an additional 1,762 shares during the period. Handelsbanken Fonder AB raised its position in shares of Gentherm by 9.2% during the 4th quarter. Handelsbanken Fonder AB now owns 5,916 shares of the auto parts company’s stock worth $310,000 after purchasing an additional 500 shares during the period. Finally, Linden Thomas Advisory Services LLC raised its position in shares of Gentherm by 30.3% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 6,011 shares of the auto parts company’s stock worth $315,000 after purchasing an additional 1,399 shares during the period. 97.13% of the stock is currently owned by institutional investors and hedge funds.

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.