Gentherm (NASDAQ:THRM) Sets New 12-Month Low – Here’s What Happened

Gentherm Incorporated (NASDAQ:THRM) reached a new 52-week low during trading on Monday . The company traded as low as $39.84 and last traded at $40.15, with a volume of 225161 shares. The stock had previously closed at $41.74.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on THRM shares. JPMorgan Chase & Co. raised shares of Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price objective for the company in a report on Monday, October 21st. Craig Hallum dropped their target price on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, Robert W. Baird reduced their price target on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st.

Gentherm Price Performance

The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.38 and a current ratio of 2.02. The firm has a fifty day simple moving average of $42.32 and a two-hundred day simple moving average of $47.08. The firm has a market cap of $1.22 billion, a PE ratio of 18.35 and a beta of 1.42.

Gentherm (NASDAQ:THRM) last posted its earnings results on Wednesday, October 30th. The auto parts company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. Gentherm had a return on equity of 14.36% and a net margin of 4.61%. The firm had revenue of $371.50 million during the quarter, compared to the consensus estimate of $372.89 million. During the same period in the prior year, the company earned $0.64 EPS. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. Equities analysts predict that Gentherm Incorporated will post 2.71 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Thomas Stocker sold 1,295 shares of the stock in a transaction 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 sale, the senior vice president now owns 13,413 shares in the company, valued at approximately $576,490.74. This represents a 8.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Hui (Helen) Xu sold 2,500 shares of the firm’s stock in a transaction 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 completion of the sale, the senior vice president now owns 18,947 shares of the company’s stock, valued at approximately $795,774. This represents a 11.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.91% of the company’s stock.

Hedge Funds Weigh In On Gentherm

Hedge funds have recently added to or reduced their stakes in the company. Global Alpha Capital Management Ltd. increased its stake in Gentherm by 22.6% in 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 grew its holdings 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 during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Gentherm by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 460,829 shares of the auto parts company’s stock worth $21,452,000 after buying an additional 5,754 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Gentherm by 1.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 951,798 shares of the auto parts company’s stock valued at $46,943,000 after buying an additional 10,402 shares in the last quarter. Finally, ClariVest Asset Management LLC purchased a new stake in Gentherm in the 2nd quarter valued at about $1,227,000. 97.13% of the stock is currently owned by institutional investors.

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.