Gentherm (NASDAQ:THRM) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Monday.
THRM has been the topic of several other reports. FBR & Co reiterated a “buy” rating and issued a $45.00 price objective on shares of Gentherm in a research report on Thursday, October 26th. ValuEngine lowered shares of Gentherm from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research lowered shares of Gentherm from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. B. Riley reiterated a “buy” rating on shares of Gentherm in a research report on Thursday, November 2nd. Finally, TheStreet lowered shares of Gentherm from a “b-” rating to a “c+” rating in a report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. Gentherm currently has a consensus rating of “Hold” and a consensus price target of $40.75.
Shares of Gentherm (NASDAQ THRM) opened at $32.70 on Monday. Gentherm has a 1 year low of $29.50 and a 1 year high of $40.80. The company has a quick ratio of 2.47, a current ratio of 3.23 and a debt-to-equity ratio of 0.26. The company has a market cap of $1,225.13, a PE ratio of 18.76, a P/E/G ratio of 1.03 and a beta of 1.94.
Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.33). Gentherm had a return on equity of 12.82% and a net margin of 6.89%. The business had revenue of $235.85 million during the quarter, compared to analysts’ expectations of $235.94 million. During the same quarter in the prior year, the firm earned $0.61 earnings per share. Gentherm’s quarterly revenue was up 1.4% on a year-over-year basis. analysts anticipate that Gentherm will post 1.62 earnings per share for the current fiscal year.
In other news, Director Maurice Ep Gunderson sold 10,000 shares of the stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $33.44, for a total transaction of $334,400.00. Following the transaction, the director now directly owns 26,557 shares in the company, valued at approximately $888,066.08. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Erin Erwine Ascher sold 2,000 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $35.14, for a total transaction of $70,280.00. Following the transaction, the vice president now owns 29,161 shares in the company, valued at $1,024,717.54. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in THRM. Disciplined Growth Investors Inc. MN lifted its holdings in shares of Gentherm by 39.3% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 1,885,661 shares of the auto parts company’s stock worth $73,164,000 after acquiring an additional 532,415 shares during the period. Janus Henderson Group PLC purchased a new position in shares of Gentherm during the 2nd quarter worth about $18,221,000. Schroder Investment Management Group purchased a new position in shares of Gentherm during the 3rd quarter worth about $9,907,000. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Gentherm by 11.6% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 2,391,672 shares of the auto parts company’s stock worth $88,851,000 after acquiring an additional 247,857 shares during the period. Finally, Trigran Investments Inc. lifted its holdings in shares of Gentherm by 35.2% during the 3rd quarter. Trigran Investments Inc. now owns 741,784 shares of the auto parts company’s stock worth $27,558,000 after acquiring an additional 193,277 shares during the period. Institutional investors and hedge funds own 99.28% of the company’s stock.
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Gentherm Company Profile
Gentherm Incorporated (Gentherm) is a global technology company engaged in the design, development, and manufacturing of thermal management technologies. The Company has two segments: Automotive and Industrial. Its products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation, patient temperature management, environmental product testing and other consumer and industrial temperature control needs.
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