Gentherm (THRM) Downgraded by BidaskClub to Hold

BidaskClub cut shares of Gentherm (NASDAQ:THRM) from a buy rating to a hold rating in a research note published on Tuesday morning.

Several other analysts also recently issued reports on the stock. B. Riley reissued a buy rating on shares of Gentherm in a research note on Thursday, November 2nd. Zacks Investment Research raised shares of Gentherm from a sell rating to a hold rating in a research note on Saturday, November 4th. FBR & Co reissued a buy rating and set a $45.00 target price on shares of Gentherm in a research note on Thursday, October 26th. ValuEngine downgraded shares of Gentherm from a buy rating to a hold rating in a research note on Friday, September 1st. Finally, TheStreet downgraded shares of Gentherm from a b- rating to a c+ rating in a research note on Thursday, August 17th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $40.75.

Shares of Gentherm (NASDAQ THRM) opened at $33.40 on Tuesday. Gentherm has a 52-week low of $29.50 and a 52-week high of $40.80. The company has a market capitalization of $1,230.00, a price-to-earnings ratio of 18.74, a PEG ratio of 1.03 and a beta of 1.94. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.47 and a current ratio of 3.23.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.33). Gentherm had a net margin of 6.89% and a return on equity of 12.82%. The company had revenue of $235.85 million for the quarter, compared to analyst estimates of $235.94 million. During the same quarter last year, the company posted $0.61 EPS. Gentherm’s revenue was up 1.4% on a year-over-year basis. sell-side analysts forecast that Gentherm will post 1.62 earnings per share for the current fiscal year.

In other news, VP Erin Erwine Ascher sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $35.14, for a total value of $70,280.00. Following the transaction, the vice president now directly owns 29,161 shares of the company’s stock, valued at $1,024,717.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Maurice Ep Gunderson sold 10,000 shares of the company’s stock in a transaction on Wednesday, December 6th. The stock was 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 directly owns 26,557 shares in the company, valued at $888,066.08. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of THRM. Louisiana State Employees Retirement System increased its stake in shares of Gentherm by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 15,000 shares of the auto parts company’s stock worth $582,000 after acquiring an additional 100 shares during the last quarter. Aperio Group LLC increased its stake in shares of Gentherm by 11.5% in the second quarter. Aperio Group LLC now owns 15,108 shares of the auto parts company’s stock worth $586,000 after acquiring an additional 1,557 shares during the last quarter. US Bancorp DE increased its stake in shares of Gentherm by 783.0% in the second quarter. US Bancorp DE now owns 10,993 shares of the auto parts company’s stock worth $427,000 after acquiring an additional 9,748 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Gentherm by 5.0% in the second quarter. Russell Investments Group Ltd. now owns 321,952 shares of the auto parts company’s stock worth $12,492,000 after acquiring an additional 15,211 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its stake in shares of Gentherm by 4.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 8,640 shares of the auto parts company’s stock worth $335,000 after acquiring an additional 370 shares during the last quarter. 99.28% of the stock is currently owned by institutional investors and hedge funds.

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About Gentherm

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.

Analyst Recommendations for Gentherm (NASDAQ:THRM)

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