Gentherm (NASDAQ:THRM) Hits New 1-Year Low – Here’s What Happened

Gentherm Incorporated (NASDAQ:THRM) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $38.08 and last traded at $38.08, with a volume of 45600 shares traded. The stock had previously closed at $38.63.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Craig Hallum dropped their price objective on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Robert W. Baird lowered their price target 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. Finally, JPMorgan Chase & Co. upgraded Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price objective for the company in a research note on Monday, October 21st.

Gentherm Stock Performance

The firm’s 50 day moving average is $42.09 and its 200-day moving average is $46.74. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 17.89 and a beta of 1.42. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.38 and a current ratio of 2.02.

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

Insider Buying and Selling

In related news, SVP Hui (Helen) Xu sold 2,500 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $42.00, for a total transaction of $105,000.00. Following the completion of the transaction, the senior vice president now owns 18,947 shares in the company, valued at $795,774. This represents a 11.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Thomas Stocker sold 1,295 shares of Gentherm stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $42.98, for a total value of $55,659.10. Following the completion of the sale, the senior vice president now 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 disclosure for this sale can be found here. 1.91% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Gentherm

A number of hedge funds have recently made changes to their positions in the company. Disciplined Growth Investors Inc. MN increased its position in shares of Gentherm by 2.0% during the third quarter. Disciplined Growth Investors Inc. MN now owns 1,169,671 shares of the auto parts company’s stock worth $54,448,000 after purchasing an additional 23,051 shares in the last quarter. Barclays PLC grew its holdings in shares of Gentherm by 234.8% during the third quarter. Barclays PLC now owns 61,466 shares of the auto parts company’s stock worth $2,861,000 after buying an additional 43,108 shares in the last quarter. Orion Portfolio Solutions LLC raised its position in shares of Gentherm by 32.1% in the third quarter. Orion Portfolio Solutions LLC now owns 16,626 shares of the auto parts company’s stock valued at $774,000 after buying an additional 4,041 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Gentherm in the third quarter worth about $207,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Gentherm in the third quarter worth about $266,000. Institutional investors and hedge funds 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.