Gentherm (NASDAQ:THRM) Shares Gap Down Following Weak Earnings

Shares of Gentherm Incorporated (NASDAQ:THRM) gapped down prior to trading on Wednesday following a weaker than expected earnings announcement. The stock had previously closed at $36.15, but opened at $32.50. Gentherm shares last traded at $31.55, with a volume of 191,592 shares traded.

The auto parts company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.39). The firm had revenue of $352.91 million during the quarter, compared to analyst estimates of $360.29 million. Gentherm had a return on equity of 14.36% and a net margin of 4.61%. Gentherm’s revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.90 EPS.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Robert W. Baird reduced their price objective on 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. reduced their price objective on Gentherm from $56.00 to $51.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. StockNews.com upgraded Gentherm from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Finally, Craig Hallum reduced their price objective on Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, October 31st.

Insiders Place Their Bets

In other news, SVP Thomas Stocker sold 1,295 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $42.98, for a total value 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. The trade was a 8.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Hui (Helen) Xu sold 2,500 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was 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 directly owns 18,947 shares in the company, valued at $795,774. This represents a 11.66 % decrease in their position. The disclosure for this sale can be found here. 1.91% of the stock is currently owned by insiders.

Institutional Trading of Gentherm

Hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP raised its position in shares of 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 purchasing an additional 486 shares during the period. Signaturefd LLC raised its position in shares of Gentherm by 233.8% during the fourth quarter. Signaturefd LLC now owns 661 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 463 shares during the period. Gladius Capital Management LP acquired a new stake in shares of Gentherm during the third quarter worth $44,000. KBC Group NV raised its position in shares of Gentherm by 82.2% during the fourth quarter. KBC Group NV now owns 1,822 shares of the auto parts company’s stock worth $73,000 after purchasing an additional 822 shares during the period. Finally, Headlands Technologies LLC raised its position in shares of Gentherm by 117.1% during the fourth quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company’s stock worth $73,000 after purchasing an additional 991 shares during the period. Institutional investors own 97.13% of the company’s stock.

Gentherm Stock Down 7.7 %

The business has a 50-day moving average price of $38.67 and a 200-day moving average price of $43.01. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 15.58 and a beta of 1.42. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.34.

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.