Gentherm (NASDAQ:THRM) Price Target Cut to $51.00 by Analysts at JPMorgan Chase & Co.

Gentherm (NASDAQ:THRM - Get Free Report) had its price target cut by analysts at JPMorgan Chase & Co. from $56.00 to $51.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the auto parts company's stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 25.12% from the stock's previous close.

Other equities analysts have also issued research reports about the stock. Craig Hallum cut 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. StockNews.com lowered Gentherm from a "strong-buy" rating to a "buy" rating in a research note on Friday. Finally, Robert W. Baird cut their target price on Gentherm from $54.00 to $50.00 and set a "neutral" rating on the stock in a research report on Thursday, October 31st.

Gentherm Stock Up 2.7 %

Gentherm stock traded up $1.09 during trading on Monday, reaching $40.76. 190,575 shares of the company's stock were exchanged, compared to its average volume of 167,880. Gentherm has a 52-week low of $37.94 and a 52-week high of $62.93. The company's 50-day moving average is $40.60 and its two-hundred day moving average is $44.79. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.38 and a current ratio of 2.02. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 19.05 and a beta of 1.42.

Gentherm (NASDAQ:THRM - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates 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%. Gentherm's quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 EPS. On average, analysts predict that Gentherm will post 2.71 earnings per share for the current year.

Insiders Place Their Bets

In other Gentherm news, SVP Thomas Stocker sold 1,295 shares of Gentherm 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 sale, the senior vice president now directly owns 13,413 shares in the company, valued at $576,490.74. The trade was a 8.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 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 owns 18,947 shares of the company's stock, valued at approximately $795,774. This trade represents a 11.66 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.91% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of THRM. Hsbc Holdings PLC grew its holdings in shares of Gentherm by 3.5% during the 2nd 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 in the last quarter. Sei Investments Co. raised its stake 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 buying an additional 9,298 shares in the last quarter. Susquehanna Fundamental Investments LLC lifted its holdings in shares of Gentherm by 5.3% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 19,908 shares of the auto parts company's stock worth $982,000 after acquiring an additional 1,000 shares during the period. Creative Planning boosted its position in shares of Gentherm by 49.9% during the 2nd quarter. Creative Planning now owns 8,732 shares of the auto parts company's stock valued at $431,000 after acquiring an additional 2,905 shares in the last quarter. Finally, Guinness Atkinson Asset Management Inc increased its stake in Gentherm by 3.2% in the third quarter. Guinness Atkinson Asset Management Inc now owns 17,929 shares of the auto parts company's stock valued at $835,000 after acquiring an additional 553 shares during the period. 97.13% of the stock is currently owned by institutional investors and hedge funds.

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.

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