Zacks Investment Research lowered shares of Gentherm (NASDAQ:THRM) from a hold rating to a sell rating in a report released on Thursday.
According to Zacks, “Gentherm Inc. is a developer and marketer of innovative thermal management technologies for a broad range of heating and cooling and temperature control applications. The Company offers heated seating, climate seating, electronics, and cables for the automotive markets. It is also building thermoelectric generators to capture the heat and convert it into electricity for various applications in automotive, industrial, and materials sectors. Gentherm Inc., formerly known as Amerigon Incorporated, is based in Northville, Michigan. “
Other equities research analysts also recently issued research reports about the company. Buckingham Research increased their target price on Gentherm from $38.00 to $40.00 and gave the stock a neutral rating in a research report on Wednesday, October 3rd. ValuEngine downgraded Gentherm from a buy rating to a hold rating in a research report on Thursday, October 11th. Barrington Research set a $50.00 target price on Gentherm and gave the stock a buy rating in a research report on Monday, October 22nd. CL King began coverage on Gentherm in a research report on Thursday, December 20th. They set a neutral rating on the stock. Finally, BidaskClub downgraded Gentherm from a hold rating to a sell rating in a research report on Friday, October 19th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $43.33.
Gentherm stock opened at $42.57 on Thursday. Gentherm has a 12 month low of $30.17 and a 12 month high of $50.30. The company has a current ratio of 2.55, a quick ratio of 1.94 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $1.51 billion, a P/E ratio of 18.43 and a beta of 1.40.
Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Thursday, October 25th. The auto parts company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.05). The firm had revenue of $258.94 million during the quarter, compared to analysts’ expectations of $261.61 million. Gentherm had a net margin of 2.31% and a return on equity of 14.28%. On average, analysts predict that Gentherm will post 2.23 earnings per share for the current year.
In other news, CFO Barry G. Steele sold 2,200 shares of the company’s stock in a transaction on Tuesday, December 18th. The shares were sold at an average price of $41.50, for a total value of $91,300.00. Following the transaction, the chief financial officer now owns 58,848 shares of the company’s stock, valued at $2,442,192. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Kenneth John Phillips sold 8,500 shares of the company’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $45.93, for a total transaction of $390,405.00. Following the completion of the transaction, the vice president now directly owns 31,698 shares in the company, valued at approximately $1,455,889.14. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in THRM. Sei Investments Co. increased its holdings in shares of Gentherm by 59.0% in the second quarter. Sei Investments Co. now owns 4,915 shares of the auto parts company’s stock worth $193,000 after purchasing an additional 1,824 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of Gentherm by 9.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 284,539 shares of the auto parts company’s stock worth $11,183,000 after purchasing an additional 24,431 shares during the period. BlackRock Inc. increased its holdings in shares of Gentherm by 8.5% in the second quarter. BlackRock Inc. now owns 5,074,580 shares of the auto parts company’s stock worth $199,430,000 after purchasing an additional 395,458 shares during the period. Legal & General Group Plc increased its holdings in shares of Gentherm by 5.5% in the second quarter. Legal & General Group Plc now owns 81,557 shares of the auto parts company’s stock worth $3,197,000 after purchasing an additional 4,262 shares during the period. Finally, Raymond James & Associates bought a new position in shares of Gentherm in the second quarter worth $563,000.
Gentherm Incorporated designs, develops, and manufactures thermal management technologies in North America, Europe, and Asia. The company operates through two segments, Automotive and Industrial. The Automotive segment offers automotive seat comfort systems, including seat heaters, variable temperature climate control seats that are designed to provide individualized thermal comfort to automobile passengers; and integrated electronic components, such as blowers and electronic control units.
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