Gentherm (NASDAQ:THRM) Rating Lowered to “Buy” at StockNews.com

Gentherm (NASDAQ:THRM) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Tuesday.

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

Gentherm Price Performance

NASDAQ THRM opened at $39.76 on Tuesday. The company has a 50-day moving average price of $41.70 and a 200-day moving average price of $45.75. Gentherm has a 52 week low of $37.94 and a 52 week high of $62.93. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $1.23 billion, a P/E ratio of 18.58 and a beta of 1.42.

Gentherm (NASDAQ:THRM) last announced 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. The business had revenue of $371.50 million during the quarter, compared to analysts’ expectations of $372.89 million. Gentherm had a net margin of 4.61% and a return on equity of 14.36%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.64 earnings per share. Equities research analysts anticipate that Gentherm will post 2.71 earnings per share for the current year.

Insiders Place Their Bets

In other 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 transaction, the senior vice president now owns 18,947 shares of the company’s stock, valued at approximately $795,774. The trade was a 11.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Thomas Stocker sold 1,295 shares of the company’s 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 transaction, the senior vice president now owns 13,413 shares of the company’s stock, 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 company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. 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 purchasing an additional 23,051 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Gentherm by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,146,375 shares of the auto parts company’s stock worth $56,539,000 after buying an additional 37,365 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Gentherm by 1.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 951,798 shares of the auto parts company’s stock worth $46,943,000 after buying an additional 10,402 shares in the last quarter. Global Alpha Capital Management Ltd. increased its holdings in shares of Gentherm by 22.6% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 632,673 shares of the auto parts company’s stock worth $29,451,000 after buying an additional 116,500 shares during the last quarter. Finally, FMR LLC raised its position in shares of 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 buying an additional 107,322 shares in the last quarter. Hedge funds and other institutional investors own 97.13% of the company’s stock.

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.