JPMorgan Chase & Co. Lowers Gentherm (NASDAQ:THRM) Price Target to $56.00

Gentherm (NASDAQ:THRM) had its price objective cut by JPMorgan Chase & Co. from $60.00 to $56.00 in a report published on Monday, Benzinga reports. They currently have an underweight rating on the auto parts company’s stock.

Separately, Robert W. Baird lowered their target price on Gentherm from $65.00 to $60.00 and set a neutral rating on the stock in a research note on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $63.50.

Gentherm Price Performance

Gentherm stock opened at $49.50 on Monday. Gentherm has a 52 week low of $38.21 and a 52 week high of $66.54. The company’s 50 day moving average price is $50.88 and its two-hundred day moving average price is $51.68. The stock has a market cap of $1.57 billion, a P/E ratio of 33.90 and a beta of 1.46. The company has a quick ratio of 1.44, a current ratio of 2.10 and a debt-to-equity ratio of 0.34.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Tuesday, April 30th. The auto parts company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.19. Gentherm had a return on equity of 13.56% and a net margin of 3.23%. The company had revenue of $356.00 million during the quarter, compared to the consensus estimate of $361.11 million. During the same period last year, the business posted $0.49 earnings per share. Gentherm’s revenue was down 2.1% on a year-over-year basis. On average, equities analysts predict that Gentherm will post 2.94 earnings per share for the current year.

Insider Activity at Gentherm

In other Gentherm news, CEO Phillip Eyler sold 15,000 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $54.04, for a total value of $810,600.00. Following the completion of the sale, the chief executive officer now directly owns 147,317 shares of the company’s stock, valued at $7,961,010.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have sold 45,000 shares of company stock worth $2,338,650. Insiders own 1.91% of the company’s stock.

Institutional Investors Weigh In On Gentherm

Several institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its stake in shares of Gentherm by 2,995.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 268,920 shares of the auto parts company’s stock worth $15,484,000 after purchasing an additional 260,233 shares in the last quarter. Norges Bank purchased a new position in Gentherm in the 4th quarter valued at approximately $10,991,000. Trigran Investments Inc. raised its holdings in Gentherm by 10.7% during the 4th quarter. Trigran Investments Inc. now owns 1,887,857 shares of the auto parts company’s stock valued at $98,848,000 after acquiring an additional 183,170 shares during the period. Granahan Investment Management LLC lifted its position in shares of Gentherm by 61.2% during the fourth quarter. Granahan Investment Management LLC now owns 412,971 shares of the auto parts company’s stock worth $21,623,000 after acquiring an additional 156,842 shares in the last quarter. Finally, Pembroke Management LTD boosted its holdings in shares of Gentherm by 36.5% in the first quarter. Pembroke Management LTD now owns 273,827 shares of the auto parts company’s stock worth $15,767,000 after acquiring an additional 73,227 shares during the period. 97.13% of the stock is owned by hedge funds and other institutional investors.

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.