Robert W. Baird Has Lowered Expectations for Gentherm (NASDAQ:THRM) Stock Price

Gentherm (NASDAQ:THRM - Free Report) had its price objective trimmed by Robert W. Baird from $44.00 to $39.00 in a research report released on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the auto parts company's stock.

Several other brokerages also recently weighed in on THRM. JPMorgan Chase & Co. cut their target price on Gentherm from $56.00 to $51.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th. Craig Hallum cut their target price on Gentherm from $85.00 to $65.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. Finally, StockNews.com raised Gentherm from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, February 18th.

Gentherm Trading Down 1.1 %

NASDAQ THRM traded down $0.37 during trading hours on Thursday, hitting $33.08. 300,313 shares of the company's stock were exchanged, compared to its average volume of 247,609. The business's 50 day moving average is $38.31 and its 200-day moving average is $42.78. The firm has a market capitalization of $1.02 billion, a P/E ratio of 15.98 and a beta of 1.42. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.38 and a current ratio of 2.01. Gentherm has a 12-month low of $30.25 and a 12-month high of $59.84.

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

Insiders Place Their Bets

In related news, SVP Hui (Helen) Xu sold 2,500 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was 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 owns 18,947 shares in the company, valued at $795,774. This represents a 11.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Thomas Stocker sold 1,295 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The shares were 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 approximately $576,490.74. This trade represents a 8.80 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.91% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of THRM. Quarry LP boosted its position in shares of Gentherm by 952.9% in the 3rd quarter. Quarry LP now owns 537 shares of the auto parts company's stock worth $25,000 after purchasing an additional 486 shares during the last quarter. Signaturefd LLC lifted its holdings in Gentherm by 233.8% during the fourth quarter. Signaturefd LLC now owns 661 shares of the auto parts company's stock worth $26,000 after acquiring an additional 463 shares in the last quarter. Gladius Capital Management LP bought a new position in Gentherm during the third quarter worth about $44,000. KBC Group NV lifted its holdings in Gentherm by 82.2% during the fourth quarter. KBC Group NV now owns 1,822 shares of the auto parts company's stock worth $73,000 after acquiring an additional 822 shares in the last quarter. Finally, Headlands Technologies LLC lifted its holdings in Gentherm by 117.1% during the fourth quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company's stock worth $73,000 after acquiring an additional 991 shares in the last quarter. 97.13% of the stock is currently owned by institutional investors.

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.