Gentherm (THRM) Downgraded by ValuEngine to Hold

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Gentherm (NASDAQ:THRM) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

Several other equities research analysts have also weighed in on THRM. Roth Capital raised their target price on Gentherm from $32.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 27th. BidaskClub lowered Gentherm from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Zacks Investment Research lowered Gentherm from a “hold” rating to a “sell” rating in a research report on Wednesday. Longbow Research reissued a “sell” rating and set a $26.00 target price on shares of Gentherm in a research report on Thursday, July 26th. Finally, Barrington Research raised their target price on Gentherm from $43.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 26th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $44.27.

Shares of NASDAQ THRM opened at $39.93 on Thursday. The company has a current ratio of 2.60, a quick ratio of 1.91 and a debt-to-equity ratio of 0.19. Gentherm has a fifty-two week low of $30.17 and a fifty-two week high of $50.30. The stock has a market cap of $1.66 billion, a PE ratio of 17.29 and a beta of 1.60.

Gentherm (NASDAQ:THRM) last issued its earnings results on Thursday, July 26th. The auto parts company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.06. Gentherm had a return on equity of 11.97% and a net margin of 3.04%. The business had revenue of $263.78 million for the quarter, compared to analyst estimates of $264.18 million. During the same quarter last year, the company earned $0.53 EPS. The business’s quarterly revenue was up 8.4% on a year-over-year basis. Equities analysts forecast that Gentherm will post 2.34 EPS for the current year.

In other Gentherm news, insider Frithjof Oldorff sold 20,000 shares of Gentherm stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $49.15, for a total transaction of $983,000.00. Following the transaction, the insider now owns 57,442 shares of the company’s stock, valued at $2,823,274.30. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Kenneth John Phillips sold 30,000 shares of Gentherm stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $45.03, for a total value of $1,350,900.00. Following the transaction, the vice president now directly owns 61,198 shares in the company, valued at approximately $2,755,745.94. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Krane Funds Advisors LLC increased its position in Gentherm by 19.1% during the second quarter. Krane Funds Advisors LLC now owns 8,763 shares of the auto parts company’s stock worth $344,000 after buying an additional 1,403 shares during the period. Zions Bancorporation grew its stake in shares of Gentherm by 55.2% in the 2nd quarter. Zions Bancorporation now owns 4,275 shares of the auto parts company’s stock valued at $168,000 after purchasing an additional 1,520 shares during the last quarter. Barclays PLC grew its stake in shares of Gentherm by 7.9% in the 1st quarter. Barclays PLC now owns 22,189 shares of the auto parts company’s stock valued at $753,000 after purchasing an additional 1,625 shares during the last quarter. UBS Group AG grew its stake in shares of Gentherm by 1.6% in the 1st quarter. UBS Group AG now owns 116,841 shares of the auto parts company’s stock valued at $3,967,000 after purchasing an additional 1,806 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of Gentherm by 59.0% in the 2nd quarter. Sei Investments Co. now owns 4,915 shares of the auto parts company’s stock valued at $193,000 after purchasing an additional 1,824 shares during the last quarter. 98.73% of the stock is currently owned by institutional investors.

About Gentherm

Gentherm Incorporated designs, develops, and manufactures thermal management technologies in North America, Europe, and Asia. The company operates through two segments, Automotive and Industrial. The Automotive segment offers automotive seat comfort systems, including seat heaters, variable temperature climate control seats that are designed to provide individualized thermal comfort to automobile passengers; and integrated electronic components, such as blowers and electronic control units.

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