Gentherm (NASDAQ:THRM) Hits New 12-Month Low – Time to Sell?

Gentherm Incorporated (NASDAQ:THRM)’s stock price hit a new 52-week low on Wednesday . The company traded as low as $35.65 and last traded at $36.24, with a volume of 1202 shares. The stock had previously closed at $36.24.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on THRM shares. Robert W. Baird lowered their price objective on Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Craig Hallum lowered their price target on Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. JPMorgan Chase & Co. reduced their price objective on shares of Gentherm from $56.00 to $51.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Finally, StockNews.com downgraded shares of Gentherm from a “strong-buy” rating to a “buy” rating in a report on Monday.

Gentherm Stock Down 1.3 %

The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 16.73 and a beta of 1.42. The firm has a 50-day moving average of $39.66 and a two-hundred day moving average of $43.77. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34.

Insider Transactions at Gentherm

In related news, SVP Thomas Stocker sold 1,295 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $42.98, for a total transaction of $55,659.10. Following the transaction, the senior vice president now directly owns 13,413 shares in the company, valued at $576,490.74. The trade was a 8.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Hui (Helen) Xu sold 2,500 shares of the firm’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 completion of the sale, the senior vice president now owns 18,947 shares of the company’s stock, valued at $795,774. This represents a 11.66 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.91% of the company’s stock.

Institutional Trading of Gentherm

A number of institutional investors and hedge funds have recently modified their holdings of THRM. Quarry LP lifted its position in Gentherm by 952.9% in the third quarter. Quarry LP now owns 537 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 486 shares during the period. Signaturefd LLC raised its stake in shares of Gentherm by 233.8% in the 4th quarter. Signaturefd LLC now owns 661 shares of the auto parts company’s stock valued at $26,000 after buying an additional 463 shares in the last quarter. Gladius Capital Management LP bought a new position in shares of Gentherm during the 3rd quarter worth about $44,000. KBC Group NV boosted its position in shares of Gentherm by 82.2% during the 4th quarter. KBC Group NV now owns 1,822 shares of the auto parts company’s stock valued at $73,000 after acquiring an additional 822 shares in the last quarter. Finally, Palouse Capital Management Inc. boosted its position in shares of Gentherm by 91.6% during the 4th quarter. Palouse Capital Management Inc. now owns 3,585 shares of the auto parts company’s stock valued at $143,000 after acquiring an additional 1,714 shares in the last quarter. 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.