Gentherm (NASDAQ:THRM) Downgraded to “Buy” Rating by StockNews.com

StockNews.com lowered shares of Gentherm (NASDAQ:THRM) from a strong-buy rating to a buy rating in a research note published on Monday morning.

A number of other brokerages have also recently commented on THRM. Robert W. Baird cut their price target on Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. JPMorgan Chase & Co. cut their target price on Gentherm from $56.00 to $51.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Finally, Craig Hallum lowered their price target on Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, October 31st.

Gentherm Stock Down 1.6 %

Shares of Gentherm stock opened at $36.16 on Monday. Gentherm has a 1 year low of $35.67 and a 1 year high of $62.93. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 16.90 and a beta of 1.42. The company has a 50-day moving average of $39.79 and a 200 day moving average of $43.87. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.02 and a quick ratio of 1.38.

Insider Buying and Selling

In other Gentherm news, SVP Hui (Helen) Xu sold 2,500 shares of Gentherm stock in a transaction that occurred 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 completion of the sale, 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 position. The transaction 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 on Wednesday, December 11th. The shares were sold at an average price of $42.98, for a total transaction of $55,659.10. Following the sale, 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 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

Several large investors have recently modified their holdings of THRM. Quarry LP boosted its position in Gentherm by 952.9% in the third quarter. Quarry LP now owns 537 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 486 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Gentherm by 233.8% in the fourth quarter. Signaturefd LLC now owns 661 shares of the auto parts company’s stock worth $26,000 after buying an additional 463 shares during the last quarter. Gladius Capital Management LP bought a new stake in Gentherm during the third quarter valued at approximately $44,000. KBC Group NV increased its holdings in Gentherm by 82.2% during the fourth quarter. KBC Group NV now owns 1,822 shares of the auto parts company’s stock valued at $73,000 after buying an additional 822 shares during the last quarter. Finally, Palouse Capital Management Inc. raised its position in Gentherm by 91.6% in the fourth quarter. Palouse Capital Management Inc. now owns 3,585 shares of the auto parts company’s stock worth $143,000 after acquiring an additional 1,714 shares during the period. 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.