Gentherm (NASDAQ:THRM) Downgraded by BidaskClub to “Hold”

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Gentherm (NASDAQ:THRM) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, BidAskClub reports.

THRM has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. Gentherm has a consensus rating of “Hold” and a consensus target price of $44.63.

THRM stock opened at $40.19 on Friday. Gentherm has a 12-month low of $36.16 and a 12-month high of $50.30. The company has a current ratio of 2.42, a quick ratio of 1.74 and a debt-to-equity ratio of 0.20. The stock has a market cap of $1.35 billion, a P/E ratio of 18.52 and a beta of 1.34. The business has a 50 day moving average of $39.88.

Gentherm (NASDAQ:THRM) last released its earnings results on Tuesday, April 30th. The auto parts company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.12. Gentherm had a net margin of 3.61% and a return on equity of 14.71%. The company had revenue of $257.92 million during the quarter, compared to the consensus estimate of $250.39 million. During the same quarter in the prior year, the firm earned $0.52 EPS. The company’s revenue was down 2.5% compared to the same quarter last year. As a group, analysts expect that Gentherm will post 2.14 EPS for the current fiscal year.

In other news, VP Kenneth John Phillips sold 3,577 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $42.38, for a total transaction of $151,593.26. Following the transaction, the vice president now owns 17,069 shares in the company, valued at approximately $723,384.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Frithjof Oldorff sold 10,230 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $38.79, for a total transaction of $396,821.70. Following the transaction, the insider now owns 36,218 shares in the company, valued at approximately $1,404,896.22. The disclosure for this sale can be found here. Insiders have sold a total of 35,374 shares of company stock worth $1,457,164 in the last 90 days. 1.50% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. NumerixS Investment Technologies Inc grew its stake in Gentherm by 200.0% in the 1st quarter. NumerixS Investment Technologies Inc now owns 4,200 shares of the auto parts company’s stock valued at $156,000 after buying an additional 2,800 shares during the last quarter. William Blair Investment Management LLC grew its stake in Gentherm by 4.2% in the 1st quarter. William Blair Investment Management LLC now owns 338,867 shares of the auto parts company’s stock valued at $12,491,000 after buying an additional 13,550 shares during the last quarter. New York State Common Retirement Fund grew its stake in Gentherm by 44.3% in the 1st quarter. New York State Common Retirement Fund now owns 52,100 shares of the auto parts company’s stock valued at $1,920,000 after buying an additional 16,000 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Gentherm by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,614,527 shares of the auto parts company’s stock valued at $64,548,000 after buying an additional 31,233 shares during the last quarter. Finally, Advisor Group Inc. grew its stake in Gentherm by 70.1% in the 4th quarter. Advisor Group Inc. now owns 1,354 shares of the auto parts company’s stock valued at $54,000 after buying an additional 558 shares during the last quarter.

About Gentherm

Gentherm, Inc engages in the design, development, manufacture, and marketing of heating, cooling, and ventilating devices. It operates through the following business segments: Automotive and Industrial.. The Automotive segment designs, develops, produces, and sells automotive seat comfort systems, specialized automotive cable systems, and automotive and non-automotive thermal convenience products.

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Analyst Recommendations for Gentherm (NASDAQ:THRM)

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