Gentherm (NASDAQ:THRM) Lowered to Buy Rating by StockNews.com

StockNews.com cut shares of Gentherm (NASDAQ:THRM) from a strong-buy rating to a buy rating in a research report sent to investors on Wednesday morning.

A number of other brokerages also recently issued reports on THRM. Robert W. Baird lowered their price objective on Gentherm from $44.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. JPMorgan Chase & Co. lowered their price objective on Gentherm from $56.00 to $51.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Finally, Craig Hallum lowered their price objective on Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st.

Gentherm Trading Down 0.6 %

NASDAQ:THRM opened at $33.58 on Wednesday. The company has a market cap of $1.03 billion, a P/E ratio of 16.22 and a beta of 1.42. The stock’s fifty day moving average price is $38.08 and its two-hundred day moving average price is $42.51. Gentherm has a 1 year low of $30.25 and a 1 year high of $58.17. 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 data on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 last year, the business posted $0.90 EPS. The company’s quarterly revenue was down 3.8% on a year-over-year basis. As a group, analysts expect that Gentherm will post 3.1 EPS for the current year.

Insider Activity at Gentherm

In related news, SVP Hui (Helen) Xu sold 2,500 shares of the 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Thomas Stocker sold 1,295 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $42.98, for a total value 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 position. The disclosure for this sale can be found here. 1.91% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Gentherm by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 3,667,551 shares of the auto parts company’s stock valued at $146,427,000 after buying an additional 74,758 shares during the last quarter. Trigran Investments Inc. grew its stake in shares of Gentherm by 7.3% during the fourth quarter. Trigran Investments Inc. now owns 1,990,938 shares of the auto parts company’s stock valued at $79,488,000 after buying an additional 135,458 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Gentherm by 5.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,217,681 shares of the auto parts company’s stock valued at $48,616,000 after buying an additional 62,562 shares during the last quarter. Disciplined Growth Investors Inc. MN grew its stake in shares of Gentherm by 2.0% during the third quarter. Disciplined Growth Investors Inc. MN now owns 1,169,671 shares of the auto parts company’s stock valued at $54,448,000 after buying an additional 23,051 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. grew its stake in shares of Gentherm by 23.8% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 782,983 shares of the auto parts company’s stock valued at $31,261,000 after buying an additional 150,310 shares during the last quarter. 97.13% of the stock is owned by 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.