Gentherm (NASDAQ:THRM) Given New $39.00 Price Target at Robert W. Baird

Gentherm (NASDAQ:THRM) had its price target cut by Robert W. Baird from $44.00 to $39.00 in a report released on Thursday,Benzinga reports. They currently have a neutral rating on the auto parts company’s stock.

Other research analysts also recently issued reports about the company. Craig Hallum dropped their price target on Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. StockNews.com raised Gentherm from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. dropped their price target on Gentherm from $56.00 to $51.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th.

Gentherm Stock Up 0.3 %

Shares of NASDAQ:THRM opened at $33.45 on Thursday. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 15.63 and a beta of 1.42. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.02 and a quick ratio of 1.38. The business’s 50-day moving average is $38.48 and its 200-day moving average is $42.94. Gentherm has a 1 year low of $30.25 and a 1 year high of $62.93.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings data on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.39). The business had revenue of $352.91 million during the quarter, compared to analyst estimates of $360.29 million. Gentherm had a net margin of 4.61% and a return on equity of 14.36%. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 earnings per share. Equities research analysts predict that Gentherm will post 2.72 earnings per share for the current year.

Insider Buying and Selling

In other Gentherm news, SVP Hui (Helen) Xu sold 2,500 shares of the business’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 transaction 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 approximately $795,774. The trade was a 11.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Thomas Stocker sold 1,295 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $42.98, for a total value of $55,659.10. Following the sale, the senior vice president now directly owns 13,413 shares of the company’s stock, valued at $576,490.74. This represents a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.91% of the stock is owned by company insiders.

Institutional Trading of Gentherm

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Gentherm by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 3,667,551 shares of the auto parts company’s stock valued at $146,427,000 after acquiring an additional 74,758 shares in the last quarter. Trigran Investments Inc. grew its holdings in shares of Gentherm by 7.3% in the fourth quarter. Trigran Investments Inc. now owns 1,990,938 shares of the auto parts company’s stock valued at $79,488,000 after acquiring an additional 135,458 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Gentherm by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,217,681 shares of the auto parts company’s stock valued at $48,616,000 after acquiring an additional 62,562 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its holdings in shares of Gentherm by 2.0% in the third quarter. Disciplined Growth Investors Inc. MN now owns 1,169,671 shares of the auto parts company’s stock valued at $54,448,000 after acquiring an additional 23,051 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. grew its holdings in shares of Gentherm by 23.8% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 782,983 shares of the auto parts company’s stock valued at $31,261,000 after acquiring an additional 150,310 shares in the last quarter. 97.13% of the stock is owned by 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.