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

StockNews.com downgraded shares of Gentherm (NASDAQ:THRM - Free Report) from a strong-buy rating to a buy rating in a research report report published on Wednesday.

A number of other brokerages have also issued reports on THRM. Robert W. Baird lowered their target price on shares of Gentherm from $44.00 to $39.00 and set a "neutral" rating for the company in a research note on Thursday, February 20th. JPMorgan Chase & Co. decreased their price objective on Gentherm from $56.00 to $51.00 and set a "neutral" rating for the company in a report on Monday, January 27th. Finally, Craig Hallum lowered their price objective 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 Price Performance

Shares of Gentherm stock traded up $0.02 on Wednesday, hitting $33.08. 282,620 shares of the company traded hands, compared to its average volume of 236,311. The business has a 50-day simple moving average of $37.74 and a 200 day simple moving average of $42.27. Gentherm has a 52 week low of $30.25 and a 52 week high of $58.17. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.38 and a current ratio of 2.01. The stock has a market capitalization of $1.02 billion, a P/E ratio of 15.98 and a beta of 1.42.

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Gentherm (NASDAQ:THRM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The auto parts company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.39). The firm had revenue of $352.91 million for the quarter, compared to analysts' expectations of $360.29 million. Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The firm's quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.90 earnings per share. Research analysts expect that Gentherm will post 3.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Gentherm

In related news, SVP Hui (Helen) Xu sold 2,500 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 18,947 shares of the company's stock, valued at $795,774. This trade represents a 11.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Thomas Stocker sold 1,295 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $42.98, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.91% of the company's stock.

Hedge Funds Weigh In On Gentherm

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Gentherm by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 3,667,551 shares of the auto parts company's stock worth $146,427,000 after buying an additional 74,758 shares during the period. Trigran Investments Inc. increased its holdings in Gentherm by 7.3% in the 4th quarter. Trigran Investments Inc. now owns 1,990,938 shares of the auto parts company's stock worth $79,488,000 after buying an additional 135,458 shares during the period. Dimensional Fund Advisors LP increased its holdings in Gentherm by 5.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,217,681 shares of the auto parts company's stock worth $48,616,000 after buying an additional 62,562 shares during the period. Disciplined Growth Investors Inc. MN increased its holdings 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 worth $54,448,000 after buying an additional 23,051 shares during the period. Finally, Global Alpha Capital Management Ltd. increased its holdings in Gentherm by 23.8% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 782,983 shares of the auto parts company's stock worth $31,261,000 after buying an additional 150,310 shares during the period. 97.13% of the stock is 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.