Gentherm (NASDAQ:THRM) Downgraded by StockNews.com to Buy

Gentherm (NASDAQ:THRM - Get Free Report) was downgraded by investment analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research note issued on Friday.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. raised Gentherm from an "underweight" rating to a "neutral" rating and set a $56.00 target price on the stock in a report on Monday, October 21st. Robert W. Baird dropped 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. 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 research note on Thursday, October 31st.

Gentherm Trading Down 0.7 %

Shares of NASDAQ:THRM opened at $39.68 on Friday. The stock has a market capitalization of $1.23 billion, a PE ratio of 18.54 and a beta of 1.42. The company's 50-day moving average price is $40.73 and its two-hundred day moving average price is $44.93. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.02 and a quick ratio of 1.38. Gentherm has a one year low of $37.94 and a one year high of $62.93.

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

Insider Buying and Selling at Gentherm

In other Gentherm news, SVP Thomas Stocker sold 1,295 shares of Gentherm stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $42.98, for a total value of $55,659.10. Following the completion of the transaction, the senior vice president now directly owns 13,413 shares of the company's stock, valued at $576,490.74. The trade was a 8.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Hui (Helen) Xu sold 2,500 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $42.00, for a total value of $105,000.00. Following the sale, the senior vice president now directly owns 18,947 shares in the company, valued at approximately $795,774. This trade represents a 11.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.91% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. increased its holdings in Gentherm by 0.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 167,568 shares of the auto parts company's stock valued at $8,264,000 after buying an additional 1,201 shares during the period. Dimensional Fund Advisors LP raised its position in Gentherm by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,146,375 shares of the auto parts company's stock valued at $56,539,000 after purchasing an additional 37,365 shares in the last quarter. Hsbc Holdings PLC lifted its stake in Gentherm by 3.5% during the second quarter. Hsbc Holdings PLC now owns 6,834 shares of the auto parts company's stock worth $337,000 after purchasing an additional 229 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Gentherm by 160.1% in the 2nd quarter. Sei Investments Co. now owns 15,107 shares of the auto parts company's stock valued at $745,000 after purchasing an additional 9,298 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its stake in shares of Gentherm by 3.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 69,670 shares of the auto parts company's stock valued at $3,436,000 after purchasing an additional 2,442 shares during the last quarter. Institutional investors and hedge funds own 97.13% of the company's stock.

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.