Gentherm (NASDAQ:THRM) Reaches New 12-Month Low - Should You Sell?

Gentherm Incorporated (NASDAQ:THRM - Get Free Report) shares hit a new 52-week low on Tuesday . The stock traded as low as $35.00 and last traded at $35.56, with a volume of 12449 shares changing hands. The stock had previously closed at $35.44.

Analysts Set New Price Targets

THRM has been the subject of several recent analyst reports. Robert W. Baird lowered their price objective on shares of Gentherm from $44.00 to $39.00 and set a "neutral" rating for the company in a research note on Thursday. StockNews.com raised Gentherm from a "buy" rating to a "strong-buy" rating in a research report on Tuesday. Craig Hallum dropped their price objective on Gentherm from $85.00 to $65.00 and set a "buy" rating for the company in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. reduced 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.

Gentherm Price Performance

The company has a market cap of $1.02 billion, a PE ratio of 15.98 and a beta of 1.42. The firm's 50-day moving average is $38.48 and its 200-day moving average is $42.94. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.36.

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 for the quarter, missing analysts' consensus estimates 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 revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the company posted $0.90 EPS. On average, equities analysts anticipate that Gentherm Incorporated will post 3.1 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Thomas Stocker sold 1,295 shares of the company's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $42.98, for a total value of $55,659.10. Following the sale, the senior vice president now directly owns 13,413 shares of the company's stock, valued at $576,490.74. This represents a 8.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Hui (Helen) Xu sold 2,500 shares of Gentherm stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $42.00, for a total transaction of $105,000.00. Following the transaction, the senior vice president now directly owns 18,947 shares of the company's stock, valued at approximately $795,774. This trade 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 corporate insiders.

Hedge Funds Weigh In On Gentherm

Several large investors have recently made changes to their positions in the business. Raymond James & Associates increased its position in Gentherm by 18.9% during the 3rd quarter. Raymond James & Associates now owns 128,468 shares of the auto parts company's stock valued at $5,980,000 after buying an additional 20,401 shares in the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in shares of Gentherm during the third quarter valued at $208,000. Assenagon Asset Management S.A. purchased a new position in shares of Gentherm in the 3rd quarter worth about $2,658,000. MQS Management LLC bought a new position in Gentherm in the 3rd quarter worth about $240,000. Finally, Oppenheimer Asset Management Inc. grew its position in Gentherm by 23.0% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 13,451 shares of the auto parts company's stock valued at $626,000 after purchasing an additional 2,516 shares during the last quarter. 97.13% of the stock is currently owned by hedge funds and other 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.