Gentherm (NASDAQ:THRM) Reaches New 52-Week Low – Time to Sell?

Gentherm Incorporated (NASDAQ:THRM)’s stock price reached a new 52-week low during trading on Friday . The stock traded as low as $37.90 and last traded at $38.25, with a volume of 144555 shares trading hands. The stock had previously closed at $39.53.

Analysts Set New Price Targets

THRM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. cut their target price on Gentherm from $56.00 to $51.00 and set a “neutral” rating on the stock in a research note on Monday. StockNews.com lowered shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 24th. Craig Hallum lowered their target price on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Finally, Robert W. Baird decreased their price objective on Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st.

Gentherm Trading Down 3.5 %

The stock has a market cap of $1.18 billion, a P/E ratio of 17.83 and a beta of 1.42. The firm’s fifty day moving average price is $40.50 and its two-hundred day moving average price is $44.61. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.02 and a quick ratio of 1.38.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.66 by $0.09. Gentherm had a return on equity of 14.36% and a net margin of 4.61%. The company had revenue of $371.50 million during the quarter, compared to analyst estimates of $372.89 million. During the same quarter in the previous year, the firm earned $0.64 earnings per share. Gentherm’s revenue was up 1.4% on a year-over-year basis. As a group, equities research analysts forecast that Gentherm Incorporated will post 2.71 EPS for the current year.

Insider Transactions at Gentherm

In other Gentherm news, SVP Hui (Helen) Xu sold 2,500 shares of the business’s stock in a transaction 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 sale, the senior vice president now directly owns 18,947 shares of the company’s stock, valued at $795,774. The trade was a 11.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Thomas Stocker sold 1,295 shares of Gentherm stock in a transaction dated Wednesday, December 11th. The stock was 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. This represents 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 insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in THRM. Disciplined Growth Investors Inc. MN grew its position in shares of Gentherm by 2.0% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,169,671 shares of the auto parts company’s stock worth $54,448,000 after buying an additional 23,051 shares during the last quarter. Global Alpha Capital Management Ltd. boosted its holdings 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 valued at $29,451,000 after acquiring an additional 116,500 shares in the last quarter. FMR LLC increased its position in Gentherm by 26.8% during the 3rd quarter. FMR LLC now owns 507,598 shares of the auto parts company’s stock valued at $23,629,000 after purchasing an additional 107,322 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Gentherm by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 460,829 shares of the auto parts company’s stock valued at $21,452,000 after purchasing an additional 5,754 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in Gentherm by 9.2% in the third quarter. Rockefeller Capital Management L.P. now owns 443,715 shares of the auto parts company’s stock worth $20,659,000 after buying an additional 37,215 shares in the last quarter. 97.13% of the stock is owned by hedge funds and other institutional investors.

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.