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

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

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

Gentherm Trading Down 0.0 %

NASDAQ THRM traded down $0.01 during mid-day trading on Friday, reaching $39.67. 101,271 shares of the stock were exchanged, compared to its average volume of 166,371. The stock has a market cap of $1.23 billion, a P/E ratio of 18.54 and a beta of 1.42. 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. The stock has a 50 day simple moving average of $40.60 and a 200-day simple moving average of $44.84.

Gentherm (NASDAQ:THRM - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 14.36% and a net margin of 4.61%. The firm's revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.64 EPS. On average, analysts anticipate that Gentherm will post 2.71 EPS for the current year.

Insider Buying and Selling

In related news, SVP Thomas Stocker sold 1,295 shares of Gentherm stock in a transaction that occurred 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 $576,490.74. The trade was a 8.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Hui (Helen) Xu sold 2,500 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $42.00, for a total value 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. The trade was a 11.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.91% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Disciplined Growth Investors Inc. MN increased its stake in Gentherm by 2.0% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,169,671 shares of the auto parts company's stock valued at $54,448,000 after buying an additional 23,051 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Gentherm by 3.4% in 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 acquiring an additional 37,365 shares in the last quarter. Global Alpha Capital Management Ltd. increased its position in shares of 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 valued at $29,451,000 after acquiring an additional 116,500 shares during the last quarter. FMR LLC lifted its holdings in Gentherm by 26.8% during the third quarter. FMR LLC now owns 507,598 shares of the auto parts company's stock worth $23,629,000 after acquiring an additional 107,322 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in 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 worth $21,452,000 after purchasing an additional 5,754 shares during the last quarter. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

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.