Gentherm (NASDAQ:THRM) Cut 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 to investors on Tuesday.

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

Gentherm Stock Down 0.8 %

Shares of NASDAQ:THRM opened at $39.26 on Tuesday. Gentherm has a 52 week low of $37.94 and a 52 week high of $62.93. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.38 and a current ratio of 2.02. The company has a market cap of $1.22 billion, a PE ratio of 18.35 and a beta of 1.42. The firm has a 50 day simple moving average of $41.66 and a 200 day simple moving average of $45.67.

Gentherm (NASDAQ:THRM) last issued its earnings results 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. The business had revenue of $371.50 million during the quarter, compared to analysts’ expectations of $372.89 million. Gentherm had a return on equity of 14.36% and a net margin of 4.61%. Gentherm’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.64 earnings per share. As a group, research analysts expect that Gentherm will post 2.71 earnings per share for the current year.

Insider Activity at Gentherm

In other news, SVP Hui (Helen) Xu sold 2,500 shares of the company’s stock in a transaction dated 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 owns 18,947 shares in the company, valued at approximately $795,774. This represents a 11.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Thomas Stocker sold 1,295 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $42.98, for a total value of $55,659.10. Following the transaction, the senior vice president now directly 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. Insiders own 1.91% of the company’s stock.

Institutional Investors Weigh In On Gentherm

A number of large investors have recently added to or reduced their stakes in THRM. Disciplined Growth Investors Inc. MN raised its position 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 during the period. Dimensional Fund Advisors LP raised its holdings in 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 acquiring an additional 37,365 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Gentherm by 1.1% during 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 acquiring an additional 10,402 shares during the last quarter. Global Alpha Capital Management Ltd. boosted its holdings in Gentherm by 22.6% during 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 during the period. Finally, FMR LLC grew its position in shares of Gentherm by 26.8% in the third 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 last quarter. Institutional investors own 97.13% of the company’s stock.

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.