Gentherm Incorporated (NASDAQ:THRM - Get Free Report)'s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $43.87 and traded as low as $36.06. Gentherm shares last traded at $36.16, with a volume of 211,390 shares changing hands.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on THRM shares. Robert W. Baird lowered their target price on shares of Gentherm from $54.00 to $50.00 and set a "neutral" rating on the stock 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 Monday. JPMorgan Chase & Co. cut their target price on shares of 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 decreased their price target on Gentherm from $85.00 to $65.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st.
View Our Latest Report on THRM
Gentherm Stock Performance
The firm has a market capitalization of $1.10 billion, a P/E ratio of 16.56 and a beta of 1.42. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.02 and a quick ratio of 1.38. The stock's 50 day moving average is $39.30 and its two-hundred day moving average is $43.56.
Insider Transactions at Gentherm
In related news, SVP Thomas Stocker sold 1,295 shares of the firm's stock in a transaction 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 sale, the senior vice president now 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Hui (Helen) Xu sold 2,500 shares of the 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 completion of the sale, the senior vice president now owns 18,947 shares of the company's stock, valued at $795,774. This trade represents a 11.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.91% of the company's stock.
Institutional Trading of Gentherm
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Connors Investor Services Inc. lifted its stake in Gentherm by 60.1% in the 4th quarter. Connors Investor Services Inc. now owns 51,513 shares of the auto parts company's stock valued at $2,057,000 after purchasing an additional 19,334 shares during the last quarter. Comerica Bank raised its stake in Gentherm by 1.4% in the fourth quarter. Comerica Bank now owns 21,012 shares of the auto parts company's stock valued at $839,000 after buying an additional 300 shares during the period. Northern Trust Corp lifted its position in shares of Gentherm by 16.2% in the fourth quarter. Northern Trust Corp now owns 385,556 shares of the auto parts company's stock valued at $15,393,000 after buying an additional 53,688 shares during the last quarter. Quarry LP boosted its stake in shares of Gentherm by 226.8% during the 4th quarter. Quarry LP now owns 1,755 shares of the auto parts company's stock worth $70,000 after acquiring an additional 1,218 shares during the period. Finally, Nebula Research & Development LLC acquired a new position in shares of Gentherm during the 4th quarter worth approximately $302,000. 97.13% of the stock is currently owned by institutional investors and hedge funds.
About Gentherm
(
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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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