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

Gentherm (NASDAQ:THRM) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Friday.

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

Gentherm Stock Performance

NASDAQ THRM opened at $39.68 on Friday. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.34. Gentherm has a fifty-two week low of $37.94 and a fifty-two week high of $62.93. The business has a fifty day moving average of $40.73 and a 200-day moving average of $44.93. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 18.54 and a beta of 1.42.

Gentherm (NASDAQ:THRM) last released its earnings results on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. Gentherm had a net margin of 4.61% and a return on equity of 14.36%. The company had revenue of $371.50 million for the quarter, compared to analyst estimates of $372.89 million. During the same period in the prior year, the firm earned $0.64 EPS. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. As a group, analysts predict that Gentherm will post 2.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Gentherm

In other news, 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 value of $55,659.10. Following the transaction, the senior vice president now directly owns 13,413 shares in the company, valued at $576,490.74. This trade represents a 8.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Hui (Helen) Xu sold 2,500 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $42.00, for a total value of $105,000.00. Following the sale, the senior vice president now owns 18,947 shares of the company’s stock, valued at $795,774. The trade was a 11.66 % decrease in their position. The disclosure for this sale can be found here. 1.91% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of THRM. Nuance Investments LLC purchased a new position in shares of Gentherm in the 3rd quarter valued at $16,754,000. Cerity Partners LLC increased its holdings in Gentherm by 880.7% in the 3rd quarter. Cerity Partners LLC now owns 188,683 shares of the auto parts company’s stock valued at $8,783,000 after purchasing an additional 169,443 shares in the last quarter. Global Alpha Capital Management Ltd. raised its position in Gentherm by 22.6% in 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 purchasing an additional 116,500 shares during the period. FMR LLC lifted its stake in shares of Gentherm by 26.8% during the third quarter. FMR LLC now owns 507,598 shares of the auto parts company’s stock worth $23,629,000 after purchasing an additional 107,322 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Gentherm in the third quarter worth about $2,658,000. 97.13% of the stock is owned by institutional investors and hedge funds.

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.