BidaskClub downgraded shares of Gentherm (NASDAQ:THRM) from a hold rating to a sell rating in a research report released on Monday morning.
THRM has been the subject of several other reports. TheStreet cut Gentherm from a b- rating to a c+ rating in a research note on Thursday, August 17th. ValuEngine cut Gentherm from a buy rating to a hold rating in a research note on Friday, September 1st. FBR & Co reiterated a buy rating on shares of Gentherm in a research note on Thursday, September 14th. Zacks Investment Research upgraded Gentherm from a sell rating to a hold rating in a research note on Wednesday, October 18th. Finally, B. Riley reiterated a buy rating on shares of Gentherm in a research note on Thursday, November 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. Gentherm has a consensus rating of Hold and a consensus target price of $40.75.
Shares of Gentherm (NASDAQ THRM) opened at $31.90 on Monday. Gentherm has a 1-year low of $29.50 and a 1-year high of $40.80. The stock has a market capitalization of $1,180.00, a P/E ratio of 18.37, a PEG ratio of 1.01 and a beta of 1.94. The company has a current ratio of 3.23, a quick ratio of 2.47 and a debt-to-equity ratio of 0.26.
Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.33). Gentherm had a return on equity of 12.82% and a net margin of 6.89%. The firm had revenue of $235.85 million for the quarter, compared to the consensus estimate of $235.94 million. During the same quarter in the prior year, the firm earned $0.61 EPS. The company’s revenue was up 1.4% on a year-over-year basis. equities research analysts expect that Gentherm will post 1.62 EPS for the current year.
In other Gentherm news, VP Erin Erwine Ascher sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $35.14, for a total transaction of $70,280.00. Following the completion of the sale, the vice president now directly owns 29,161 shares in the company, valued at $1,024,717.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $334,400.00. Following the sale, the director now owns 26,557 shares of the company’s stock, valued at $888,066.08. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Aperio Group LLC increased its holdings in shares of Gentherm by 11.5% during the second quarter. Aperio Group LLC now owns 15,108 shares of the auto parts company’s stock worth $586,000 after buying an additional 1,557 shares in the last quarter. US Bancorp DE increased its holdings in shares of Gentherm by 783.0% during the second quarter. US Bancorp DE now owns 10,993 shares of the auto parts company’s stock worth $427,000 after buying an additional 9,748 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in shares of Gentherm by 4.5% during 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 buying an additional 370 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of Gentherm by 3.1% during the second quarter. Great West Life Assurance Co. Can now owns 53,080 shares of the auto parts company’s stock worth $2,056,000 after buying an additional 1,600 shares in the last quarter. Finally, Texas Permanent School Fund increased its holdings in shares of Gentherm by 1.2% during the second quarter. Texas Permanent School Fund now owns 26,812 shares of the auto parts company’s stock worth $1,040,000 after buying an additional 326 shares in the last quarter. Hedge funds and other institutional investors own 99.28% of the company’s stock.
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Gentherm Company Profile
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.
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