Gentherm (NASDAQ:THRM) Price Target Cut to $51.00 by Analysts at JPMorgan Chase & Co.

Gentherm (NASDAQ:THRM) had its price target reduced by JPMorgan Chase & Co. from $56.00 to $51.00 in a report published on Monday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the auto parts company’s stock.

A number of other research firms have also recently weighed in on THRM. Robert W. Baird reduced their price target on Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. StockNews.com downgraded Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Friday. 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 Price Performance

Shares of NASDAQ THRM opened at $40.76 on Monday. 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 stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 19.05 and a beta of 1.42. The firm’s 50 day simple moving average is $40.60 and its 200-day simple moving average is $44.79. Gentherm has a 12 month low of $37.94 and a 12 month high of $62.93.

Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.66 by $0.09. The company had revenue of $371.50 million for the quarter, compared to analyst estimates 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 quarter last year, the business earned $0.64 earnings per share. Analysts expect that Gentherm will post 2.71 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Hui (Helen) Xu sold 2,500 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were 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 of the company’s stock, valued at $795,774. This represents a 11.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Thomas Stocker sold 1,295 shares of the firm’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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. 1.91% of the stock is owned by company insiders.

Institutional Investors Weigh In On Gentherm

A number of large investors have recently made changes to their positions in THRM. Quarry LP boosted its stake in Gentherm by 952.9% during the third quarter. Quarry LP now owns 537 shares of the auto parts company’s stock worth $25,000 after buying an additional 486 shares during the last quarter. Gladius Capital Management LP purchased a new position in shares of Gentherm during the 3rd quarter worth $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 during the last quarter. MeadowBrook Investment Advisors LLC grew its holdings in shares of Gentherm by 8.4% in the third quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock valued at $156,000 after purchasing an additional 260 shares during the period. Finally, XTX Topco Ltd acquired a new stake in Gentherm during the third quarter worth about $207,000. 97.13% of the stock is currently owned by hedge funds and other 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.