Gentherm (NASDAQ:THRM) Downgraded to “Hold” at StockNews.com

StockNews.com cut shares of Gentherm (NASDAQ:THRM) from a buy rating to a hold rating in a report issued on Thursday morning.

Other analysts have also issued reports about the stock. JPMorgan Chase & Co. reduced their price objective on shares of Gentherm from $60.00 to $56.00 and set an underweight rating on the stock in a report on Monday, July 22nd. Robert W. Baird dropped their target price on Gentherm from $65.00 to $60.00 and set a neutral rating for the company in a research report on Friday, July 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Gentherm currently has an average rating of Hold and a consensus price target of $63.50.

Gentherm Stock Down 2.0 %

NASDAQ THRM opened at $54.10 on Thursday. Gentherm has a 52 week low of $38.21 and a 52 week high of $66.11. The company has a quick ratio of 1.44, a current ratio of 2.10 and a debt-to-equity ratio of 0.34. The business’s fifty day simple moving average is $51.18 and its 200-day simple moving average is $51.78. The firm has a market cap of $1.71 billion, a PE ratio of 37.05 and a beta of 1.45.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.04. The firm had revenue of $375.70 million for the quarter, compared to analyst estimates of $375.82 million. Gentherm had a net margin of 4.61% and a return on equity of 13.97%. Gentherm’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.58 EPS. As a group, equities analysts anticipate that Gentherm will post 2.89 earnings per share for the current year.

Insider Buying and Selling at Gentherm

In other news, CEO Phillip Eyler sold 15,000 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $54.04, for a total transaction of $810,600.00. Following the completion of the transaction, the chief executive officer now directly owns 147,317 shares of the company’s stock, valued at $7,961,010.68. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 45,000 shares of company stock valued at $2,338,650 in the last three months. 1.91% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Gentherm

A number of institutional investors and hedge funds have recently made changes to their positions in THRM. Allspring Global Investments Holdings LLC lifted its stake in Gentherm by 2,995.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 268,920 shares of the auto parts company’s stock worth $15,484,000 after purchasing an additional 260,233 shares during the last quarter. Norges Bank purchased a new stake in Gentherm during the fourth quarter worth approximately $10,991,000. Trigran Investments Inc. lifted its stake in Gentherm by 10.7% during the fourth quarter. Trigran Investments Inc. now owns 1,887,857 shares of the auto parts company’s stock worth $98,848,000 after purchasing an additional 183,170 shares during the last quarter. Granahan Investment Management LLC lifted its stake in Gentherm by 61.2% during the fourth quarter. Granahan Investment Management LLC now owns 412,971 shares of the auto parts company’s stock worth $21,623,000 after purchasing an additional 156,842 shares during the last quarter. Finally, Pembroke Management LTD lifted its stake in Gentherm by 36.5% during the first quarter. Pembroke Management LTD now owns 273,827 shares of the auto parts company’s stock worth $15,767,000 after purchasing an additional 73,227 shares during the last quarter. 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.