StockNews.com Downgrades Gentherm (NASDAQ:THRM) to Buy

StockNews.com lowered shares of Gentherm (NASDAQ:THRM - Free Report) from a strong-buy rating to a buy rating in a research note issued to investors on Tuesday.

A number of other equities analysts have also weighed in on the company. Robert W. Baird reduced their price objective on Gentherm from $54.00 to $50.00 and set a "neutral" rating for the company in a research note on Thursday, October 31st. JPMorgan Chase & Co. upgraded Gentherm from an "underweight" rating to a "neutral" rating and set a $56.00 price objective on the stock in a research report on Monday, October 21st. Finally, Craig Hallum cut their target price on shares of Gentherm from $85.00 to $65.00 and set a "buy" rating for the company in a report on Thursday, October 31st.

Gentherm Stock Performance

Shares of NASDAQ:THRM traded down $0.17 on Tuesday, hitting $39.59. 140,518 shares of the company were exchanged, compared to its average volume of 208,805. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34. The stock's 50 day moving average price is $41.70 and its 200 day moving average price is $45.75. Gentherm has a 1-year low of $37.94 and a 1-year high of $62.93. The firm has a market capitalization of $1.23 billion, a P/E ratio of 18.50 and a beta of 1.42.

Gentherm (NASDAQ:THRM - Get Free Report) last issued 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 company had revenue of $371.50 million for the quarter, compared to the consensus estimate of $372.89 million. Gentherm had a net margin of 4.61% and a return on equity of 14.36%. Gentherm's quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 EPS. Sell-side analysts predict that Gentherm will post 2.71 EPS for the current year.

Insider Buying and Selling at Gentherm

In other Gentherm news, SVP Thomas Stocker sold 1,295 shares of the business's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $42.98, for a total transaction of $55,659.10. Following the transaction, the senior vice president now owns 13,413 shares of the company's stock, valued at approximately $576,490.74. The trade was a 8.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 sale, the senior vice president now directly owns 18,947 shares of the company's stock, valued at $795,774. This represents a 11.66 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.91% of the company's stock.

Institutional Investors Weigh In On Gentherm

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC lifted its holdings in shares of Gentherm by 234.8% in the 3rd quarter. Barclays PLC now owns 61,466 shares of the auto parts company's stock worth $2,861,000 after acquiring an additional 43,108 shares during the last quarter. Global Alpha Capital Management Ltd. lifted its stake in 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 worth $29,451,000 after purchasing an additional 116,500 shares in the last quarter. Raymond James & Associates boosted its position in shares of Gentherm by 18.9% during the third quarter. Raymond James & Associates now owns 128,468 shares of the auto parts company's stock worth $5,980,000 after buying an additional 20,401 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Gentherm by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 460,829 shares of the auto parts company's stock valued at $21,452,000 after buying an additional 5,754 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Gentherm by 1.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 951,798 shares of the auto parts company's stock valued at $46,943,000 after buying an additional 10,402 shares during the period. 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.