Gentherm (NASDAQ:THRM) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Gentherm (NASDAQ:THRM - Free Report) from a strong-buy rating to a buy rating in a research note released on Monday.

Several other equities analysts have also weighed in on THRM. 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. JPMorgan Chase & Co. cut their price target on Gentherm from $56.00 to $51.00 and set a "neutral" rating for the company in a research note on Monday, January 27th. Finally, Craig Hallum cut their price target on 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 Monday, hitting $35.40. The company's stock had a trading volume of 147,373 shares, compared to its average volume of 188,633. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.38 and a current ratio of 2.02. Gentherm has a 1 year low of $35.09 and a 1 year high of $62.93. The firm has a fifty day moving average price of $39.30 and a 200-day moving average price of $43.56. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 16.54 and a beta of 1.42.

Insiders Place Their Bets

In other news, SVP Thomas Stocker sold 1,295 shares of the business's 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 directly owns 13,413 shares in the company, valued at $576,490.74. The trade was a 8.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Hui (Helen) Xu sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $42.00, for a total value of $105,000.00. Following the transaction, the senior vice president now owns 18,947 shares in the company, valued at approximately $795,774. This represents 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 owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in THRM. Raymond James Financial Inc. acquired a new position in Gentherm in the fourth quarter valued at approximately $15,400,000. Nuance Investments LLC acquired a new position in Gentherm in the third quarter valued at approximately $16,754,000. HITE Hedge Asset Management LLC acquired a new position in Gentherm in the fourth quarter valued at approximately $9,832,000. Cerity Partners LLC lifted its holdings in Gentherm by 880.7% in the third quarter. Cerity Partners LLC now owns 188,683 shares of the auto parts company's stock valued at $8,783,000 after acquiring an additional 169,443 shares during the last quarter. Finally, Segall Bryant & Hamill LLC lifted its stake in Gentherm by 42.9% during the fourth quarter. Segall Bryant & Hamill LLC now owns 525,026 shares of the auto parts company's stock worth $20,962,000 after purchasing an additional 157,544 shares in the last quarter. 97.13% of the stock is currently owned by institutional investors and hedge funds.

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.