Gentherm (NASDAQ:THRM) Downgraded to “Hold” at StockNews.com

StockNews.com lowered shares of Gentherm (NASDAQ:THRM) from a buy rating to a hold rating in a research report report published on Thursday morning.

Several other analysts have also recently commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Gentherm from $60.00 to $56.00 and set an underweight rating for the company in a report on Monday, July 22nd. Robert W. Baird decreased their price target on shares of Gentherm from $65.00 to $60.00 and set a neutral rating for the company in a report on Friday, July 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus price target of $63.50.

Gentherm Stock Performance

Shares of THRM opened at $51.83 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.11 and a quick ratio of 1.44. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 35.50 and a beta of 1.45. The company has a 50-day moving average of $51.23 and a two-hundred day moving average of $51.87. Gentherm has a one year low of $38.21 and a one year high of $65.18.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.62 by $0.04. The business had revenue of $375.70 million during the quarter, compared to analysts’ expectations of $375.82 million. Gentherm had a net margin of 4.61% and a return on equity of 14.03%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same period last year, the company posted $0.58 earnings per share. On average, equities research analysts expect that Gentherm will post 2.89 earnings per share for the current year.

Insider Activity at Gentherm

In other news, CEO Phillip Eyler sold 15,000 shares of Gentherm stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $50.40, for a total value of $756,000.00. Following the transaction, the chief executive officer now owns 147,317 shares of the company’s stock, valued at $7,424,776.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.91% of the company’s stock.

Hedge Funds Weigh In On Gentherm

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Gentherm by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 3,651,904 shares of the auto parts company’s stock valued at $191,214,000 after purchasing an additional 16,513 shares during the period. Trigran Investments Inc. grew its stake in shares of Gentherm by 10.7% in the fourth quarter. Trigran Investments Inc. now owns 1,887,857 shares of the auto parts company’s stock worth $98,848,000 after acquiring an additional 183,170 shares during the last quarter. Granahan Investment Management LLC grew its stake in shares of Gentherm by 61.2% in 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 during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Gentherm by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 412,338 shares of the auto parts company’s stock worth $21,590,000 after acquiring an additional 20,600 shares during the last quarter. Finally, Mairs & Power Inc. grew its stake in shares of Gentherm by 9.3% in the fourth quarter. Mairs & Power Inc. now owns 395,006 shares of the auto parts company’s stock worth $20,683,000 after acquiring an additional 33,570 shares during 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.