Gentherm (NASDAQ:THRM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Saturday.
According to Zacks, “Gentherm Inc. is a developer and marketer of innovative thermal management technologies for a broad range of heating and cooling and temperature control applications. The Company offers heated seating, climate seating, electronics, and cables for the automotive markets. It is also building thermoelectric generators to capture the heat and convert it into electricity for various applications in automotive, industrial, and materials sectors. Gentherm Inc., formerly known as Amerigon Incorporated, is based in Northville, Michigan. “
Other equities research analysts have also issued research reports about the company. B. Riley reiterated a “buy” rating on shares of Gentherm in a research note on Thursday, November 2nd. FBR & Co reiterated a “buy” rating and issued a $45.00 price target on shares of Gentherm in a research note on Thursday, October 26th. Argus cut their price target on Gentherm to $40.00 and set a “buy” rating for the company in a research note on Friday, December 15th. BidaskClub lowered Gentherm from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Finally, Longbow Research initiated coverage on Gentherm in a research note on Friday, January 5th. They issued an “underperform” rating for the company. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $40.57.
Shares of Gentherm (NASDAQ:THRM) opened at $30.65 on Friday. Gentherm has a 12 month low of $29.50 and a 12 month 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 stock has a market capitalization of $1,124.27, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 0.49 and a beta of 1.86.
In other Gentherm 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 completion of the transaction, the director now owns 26,557 shares of the company’s stock, valued at approximately $888,066.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Erin Erwine Ascher sold 2,000 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $35.14, for a total transaction of $70,280.00. Following the transaction, the vice president now directly owns 29,161 shares of the company’s stock, valued at approximately $1,024,717.54. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in THRM. Tiedemann Wealth Management LLC boosted its holdings in shares of Gentherm by 16.2% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 31,328 shares of the auto parts company’s stock valued at $192,000 after purchasing an additional 4,378 shares during the last quarter. Zeke Capital Advisors LLC bought a new position in shares of Gentherm in the 3rd quarter valued at about $228,000. Victory Capital Management Inc. lifted its holdings in shares of Gentherm by 37.4% in the 3rd quarter. Victory Capital Management Inc. now owns 6,156 shares of the auto parts company’s stock valued at $229,000 after acquiring an additional 1,677 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Gentherm in the 3rd quarter valued at about $267,000. Finally, GSA Capital Partners LLP bought a new position in shares of Gentherm in the 2nd quarter valued at about $303,000. 99.42% of the stock is owned by institutional investors and hedge funds.
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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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