Gentherm (THRM) Lowered to “Hold” at BidaskClub

Gentherm (NASDAQ:THRM) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Tuesday, December 5th.

Other research analysts have also issued research reports about the stock. TheStreet lowered shares of Gentherm from a “b-” rating to a “c+” rating in a report on Thursday, August 17th. Zacks Investment Research upgraded shares of Gentherm from a “sell” rating to a “hold” rating in a research note on Saturday, November 4th. FBR & Co reiterated a “buy” rating on shares of Gentherm in a research note on Thursday, September 14th. B. Riley restated a “buy” rating on shares of Gentherm in a research note on Thursday, November 2nd. Finally, ValuEngine downgraded shares of Gentherm from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. Gentherm has an average rating of “Hold” and an average price target of $40.57.

Gentherm (THRM) traded down $0.50 during mid-day trading on Tuesday, reaching $31.75. 138,978 shares of the company’s stock traded hands, compared to its average volume of 175,880. The company has a current ratio of 3.23, a quick ratio of 2.47 and a debt-to-equity ratio of 0.26. Gentherm has a 52-week low of $29.50 and a 52-week high of $40.80. The company has a market cap of $1,182.95, a price-to-earnings ratio of 17.54, a P/E/G ratio of 0.80 and a beta of 1.94.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.33). Gentherm had a net margin of 6.89% and a return on equity of 12.82%. The company had revenue of $235.85 million during the quarter, compared to analyst estimates of $235.94 million. During the same quarter in the previous year, the business posted $0.61 earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. equities research analysts forecast that Gentherm will post 1.62 EPS for the current fiscal year.

In other news, VP Erin Erwine Ascher sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $35.14, for a total transaction of $70,280.00. Following the sale, the vice president now directly owns 29,161 shares in the company, valued at $1,024,717.54. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Maurice Ep Gunderson sold 10,000 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $33.44, for a total value of $334,400.00. Following the sale, the director now owns 26,557 shares in the company, valued at $888,066.08. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of THRM. Vanguard Group Inc. boosted its stake in shares of Gentherm by 0.5% during the second quarter. Vanguard Group Inc. now owns 3,227,072 shares of the auto parts company’s stock valued at $125,210,000 after purchasing an additional 14,890 shares during the period. Fuller & Thaler Asset Management Inc. lifted its stake in Gentherm by 11.6% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,391,672 shares of the auto parts company’s stock worth $88,851,000 after acquiring an additional 247,857 shares during the period. Van Berkom & Associates Inc. lifted its stake in Gentherm by 8.2% in the third quarter. Van Berkom & Associates Inc. now owns 2,001,682 shares of the auto parts company’s stock worth $74,362,000 after acquiring an additional 151,444 shares during the period. Disciplined Growth Investors Inc. MN lifted its stake in Gentherm by 39.3% in the second quarter. Disciplined Growth Investors Inc. MN now owns 1,885,661 shares of the auto parts company’s stock worth $73,164,000 after acquiring an additional 532,415 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Gentherm by 1.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,496,159 shares of the auto parts company’s stock worth $55,582,000 after acquiring an additional 25,861 shares during the period. 99.26% of the stock is owned by institutional investors and hedge funds.

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Gentherm Company Profile

Gentherm Incorporated (Gentherm) is a global technology company engaged in the design, development, and manufacturing of thermal management technologies. The Company has two segments: Automotive and Industrial. Its products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation, patient temperature management, environmental product testing and other consumer and industrial temperature control needs.

Analyst Recommendations for Gentherm (NASDAQ:THRM)

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