Gentherm Inc (NASDAQ:THRM) – Research analysts at Barrington Research cut their FY2018 earnings per share estimates for Gentherm in a research note issued on Monday, February 4th. Barrington Research analyst G. Prestopino now anticipates that the auto parts company will post earnings per share of $2.19 for the year, down from their previous estimate of $2.25. Barrington Research has a “Buy” rating and a $50.00 price objective on the stock. Barrington Research also issued estimates for Gentherm’s Q4 2018 earnings at $0.58 EPS, Q2 2019 earnings at $0.63 EPS, Q4 2019 earnings at $0.70 EPS, FY2019 earnings at $2.57 EPS and Q4 2020 earnings at $0.84 EPS.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research raised shares of Gentherm from a “sell” rating to a “hold” rating in a report on Wednesday, January 30th. BidaskClub raised shares of Gentherm from a “sell” rating to a “hold” rating in a report on Tuesday, October 30th. CL King started coverage on shares of Gentherm in a report on Thursday, December 20th. They set a “neutral” rating for the company. ValuEngine lowered shares of Gentherm from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Finally, BMO Capital Markets lowered shares of Gentherm from an “outperform” rating to a “market perform” rating in a report on Monday, January 7th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $43.33.
Gentherm stock opened at $42.63 on Wednesday. The company has a market capitalization of $1.50 billion, a P/E ratio of 18.45 and a beta of 1.34. Gentherm has a 12-month low of $30.17 and a 12-month high of $50.30. The company has a quick ratio of 1.94, a current ratio of 2.55 and a debt-to-equity ratio of 0.18.
In related news, VP Kenneth John Phillips sold 8,500 shares of the firm’s stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $45.93, for a total value of $390,405.00. Following the completion of the transaction, the vice president now directly owns 31,698 shares of the company’s stock, valued at $1,455,889.14. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Barry G. Steele sold 2,200 shares of the firm’s stock in a transaction on Tuesday, December 18th. The shares were sold at an average price of $41.50, for a total transaction of $91,300.00. Following the completion of the transaction, the chief financial officer now directly owns 58,848 shares of the company’s stock, valued at $2,442,192. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.
Several hedge funds have recently bought and sold shares of THRM. Quantamental Technologies LLC bought a new stake in shares of Gentherm during the fourth quarter worth $35,000. Strs Ohio lifted its position in shares of Gentherm by 800.0% during the fourth quarter. Strs Ohio now owns 900 shares of the auto parts company’s stock worth $35,000 after purchasing an additional 800 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Gentherm by 37.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,589 shares of the auto parts company’s stock worth $104,000 after purchasing an additional 703 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of Gentherm during the third quarter worth $204,000. Finally, LPL Financial LLC bought a new stake in shares of Gentherm during the third quarter worth $206,000.
Gentherm Incorporated designs, develops, and manufactures thermal management technologies in North America, Europe, and Asia. The company operates through two segments, Automotive and Industrial. The Automotive segment offers automotive seat comfort systems, including seat heaters, variable temperature climate control seats that are designed to provide individualized thermal comfort to automobile passengers; and integrated electronic components, such as blowers and electronic control units.
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