Robert W. Baird Cuts Gentherm (NASDAQ:THRM) Price Target to $39.00

Gentherm (NASDAQ:THRM) had its target price reduced by Robert W. Baird from $44.00 to $39.00 in a report published on Thursday,Benzinga reports. They currently have a neutral rating on the auto parts company’s stock.

THRM has been the subject of a number of other reports. Craig Hallum lowered their target price on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. JPMorgan Chase & Co. decreased their price objective on shares of Gentherm from $56.00 to $51.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Finally, StockNews.com upgraded shares of Gentherm from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 18th.

Gentherm Stock Down 1.1 %

Shares of NASDAQ THRM opened at $33.08 on Thursday. Gentherm has a 1 year low of $30.25 and a 1 year high of $59.84. The firm has a 50-day simple moving average of $38.31 and a two-hundred day simple moving average of $42.78. The company has a market cap of $1.02 billion, a P/E ratio of 15.98 and a beta of 1.42. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.38.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.39). Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The business had revenue of $352.91 million during the quarter, compared to analysts’ expectations of $360.29 million. During the same quarter in the previous year, the company posted $0.90 earnings per share. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. Research analysts anticipate that Gentherm will post 3.1 earnings per share for the current year.

Insider Activity

In other news, SVP Hui (Helen) Xu sold 2,500 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 18,947 shares in the company, valued at approximately $795,774. This trade represents a 11.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Thomas Stocker sold 1,295 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $576,490.74. This trade 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

Hedge funds have recently made changes to their positions in the stock. MeadowBrook Investment Advisors LLC raised its holdings in Gentherm by 8.4% in the third quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock worth $156,000 after purchasing an additional 260 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Gentherm by 0.3% during the 4th quarter. Rhumbline Advisers now owns 90,758 shares of the auto parts company’s stock worth $3,623,000 after acquiring an additional 277 shares in the last quarter. Comerica Bank lifted its position in Gentherm by 1.4% during the fourth quarter. Comerica Bank now owns 21,012 shares of the auto parts company’s stock valued at $839,000 after acquiring an additional 300 shares during the last quarter. Captrust Financial Advisors boosted its stake in Gentherm by 3.9% in the third quarter. Captrust Financial Advisors now owns 8,296 shares of the auto parts company’s stock valued at $386,000 after acquiring an additional 314 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in 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 purchasing an additional 463 shares during the last quarter. 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.