JPMorgan Chase & Co. Has Lowered Expectations for Gentherm (NASDAQ:THRM) Stock Price

Gentherm (NASDAQ:THRM - Get Free Report) had its price objective reduced by stock analysts at JPMorgan Chase & Co. from $56.00 to $51.00 in a research report issued on Monday,Benzinga reports. The firm currently has a "neutral" rating on the auto parts company's stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 27.18% from the stock's previous close.

Several other research firms have also issued reports on THRM. Craig Hallum reduced their target price on shares of Gentherm from $85.00 to $65.00 and set a "buy" rating for the company in a report on Thursday, October 31st. StockNews.com cut shares of Gentherm from a "strong-buy" rating to a "buy" rating in a research note on Friday. Finally, Robert W. Baird cut their price target on Gentherm from $54.00 to $50.00 and set a "neutral" rating for the company in a research note on Thursday, October 31st.

Gentherm Trading Down 1.6 %

Shares of Gentherm stock traded down $0.66 on Monday, hitting $40.10. The stock had a trading volume of 102,645 shares, compared to its average volume of 164,038. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.34. Gentherm has a one year low of $37.94 and a one year high of $62.93. The stock's 50-day simple moving average is $40.60 and its two-hundred day simple moving average is $44.79. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 18.74 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 (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.09. Gentherm had a net margin of 4.61% and a return on equity of 14.36%. The company had revenue of $371.50 million during the quarter, compared to the consensus estimate of $372.89 million. During the same period in the prior year, the firm earned $0.64 earnings per share. Gentherm's revenue was up 1.4% on a year-over-year basis. As a group, sell-side analysts predict that Gentherm will post 2.71 EPS for the current year.

Insider Buying and Selling at Gentherm

In other news, SVP Thomas Stocker sold 1,295 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $42.98, for a total value of $55,659.10. Following the transaction, the senior vice president now directly owns 13,413 shares of the company's stock, valued at approximately $576,490.74. This represents a 8.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 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. The trade was a 11.66 % 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

Several institutional investors and hedge funds have recently modified their holdings of THRM. Quarry LP increased its position in shares of Gentherm by 952.9% during 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. Gladius Capital Management LP acquired a new stake in shares of Gentherm during the third quarter valued at about $44,000. KBC Group NV raised its stake in shares of Gentherm by 82.2% in the 4th quarter. KBC Group NV now owns 1,822 shares of the auto parts company's stock valued at $73,000 after acquiring an additional 822 shares during the period. MeadowBrook Investment Advisors LLC lifted its holdings in shares of Gentherm by 8.4% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company's stock worth $156,000 after acquiring an additional 260 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Gentherm during the 3rd quarter worth approximately $207,000. 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.