StockNews.com Downgrades Gentherm (NASDAQ:THRM) to Buy

Gentherm (NASDAQ:THRM) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

A number of other equities analysts have also commented on THRM. Robert W. Baird cut their price objective on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. JPMorgan Chase & Co. upgraded Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price target on the stock in a research note on Monday, October 21st. Finally, Craig Hallum dropped their price objective on Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, October 31st.

Gentherm Stock Performance

Shares of THRM stock opened at $39.26 on Tuesday. The company’s fifty day simple moving average is $41.66 and its 200-day simple moving average is $45.67. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34. Gentherm has a 52 week low of $37.94 and a 52 week high of $62.93. The company has a market cap of $1.22 billion, a PE ratio of 18.35 and a beta of 1.42.

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

Insider Activity at Gentherm

In other news, 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 in the company, valued at approximately $576,490.74. The trade was a 8.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Hui (Helen) Xu sold 2,500 shares of the firm’s 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 in the company, valued at approximately $795,774. This represents a 11.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.91% of the company’s stock.

Hedge Funds Weigh In On Gentherm

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Disciplined Growth Investors Inc. MN lifted its stake in shares of Gentherm by 2.0% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,169,671 shares of the auto parts company’s stock worth $54,448,000 after acquiring an additional 23,051 shares during the period. Dimensional Fund Advisors LP lifted its position in Gentherm by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,146,375 shares of the auto parts company’s stock worth $56,539,000 after purchasing an additional 37,365 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Gentherm by 1.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 951,798 shares of the auto parts company’s stock valued at $46,943,000 after purchasing an additional 10,402 shares in the last quarter. Global Alpha Capital Management Ltd. increased its position in shares of Gentherm by 22.6% during the 3rd 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. Finally, FMR LLC raised its stake in shares of Gentherm by 26.8% in the 3rd quarter. FMR LLC now owns 507,598 shares of the auto parts company’s stock worth $23,629,000 after buying an additional 107,322 shares in the last quarter. 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.