JPMorgan Chase & Co. Cuts Gentherm (NASDAQ:THRM) Price Target to $51.00

Gentherm (NASDAQ:THRM) had its price objective decreased by JPMorgan Chase & Co. from $56.00 to $51.00 in a report published on Monday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the auto parts company’s stock.

Several other analysts have also commented on THRM. Robert W. Baird lowered their price objective on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. StockNews.com downgraded Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 24th. Finally, Craig Hallum decreased their price objective on Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, October 31st.

Gentherm Stock Down 1.9 %

Shares of NASDAQ:THRM opened at $39.33 on Monday. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 18.38 and a beta of 1.42. The business’s 50 day moving average is $40.50 and its 200 day moving average is $44.61. Gentherm has a 12-month low of $37.94 and a 12-month high of $62.93. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.34.

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

Insiders Place Their Bets

In related news, SVP Thomas Stocker sold 1,295 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $42.98, for a total transaction of $55,659.10. Following the sale, the senior vice president now directly owns 13,413 shares of the company’s stock, valued at approximately $576,490.74. This represents a 8.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Hui (Helen) Xu sold 2,500 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $42.00, for a total value of $105,000.00. Following the transaction, the senior vice president now directly owns 18,947 shares in the company, valued at approximately $795,774. The trade was a 11.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.91% of the company’s stock.

Institutional Investors Weigh In On Gentherm

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nuance Investments LLC purchased a new stake in Gentherm during the 3rd quarter valued at approximately $16,754,000. Cerity Partners LLC lifted its stake in Gentherm by 880.7% in the 3rd quarter. Cerity Partners LLC now owns 188,683 shares of the auto parts company’s stock worth $8,783,000 after purchasing an additional 169,443 shares in the last quarter. Global Alpha Capital Management Ltd. grew its position in shares of Gentherm by 22.6% during the third quarter. Global Alpha Capital Management Ltd. now owns 632,673 shares of the auto parts company’s stock valued at $29,451,000 after purchasing an additional 116,500 shares in the last quarter. FMR LLC increased its holdings in shares of Gentherm by 26.8% in the third quarter. FMR LLC now owns 507,598 shares of the auto parts company’s stock worth $23,629,000 after purchasing an additional 107,322 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in Gentherm during the third quarter valued at approximately $2,658,000. 97.13% of the stock is owned by hedge funds and other institutional investors.

Gentherm Company Profile

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.