Gentherm (NASDAQ:THRM) Reaches New 12-Month Low – What’s Next?

Gentherm Incorporated (NASDAQ:THRMGet Free Report)’s share price reached a new 52-week low on Friday . The stock traded as low as $37.90 and last traded at $38.25, with a volume of 144555 shares traded. The stock had previously closed at $39.53.

Analysts Set New Price Targets

THRM has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their price target on Gentherm from $56.00 to $51.00 and set a “neutral” rating for the company in a report on Monday. StockNews.com downgraded shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 24th. Robert W. Baird cut their target price on Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Finally, Craig Hallum decreased their price target on Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, October 31st.

View Our Latest Report on Gentherm

Gentherm Stock Down 3.5 %

The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.34. The company has a market cap of $1.18 billion, a PE ratio of 17.83 and a beta of 1.42. The company’s fifty day moving average is $40.50 and its 200-day moving average is $44.61.

Gentherm (NASDAQ:THRMGet Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. The company had revenue of $371.50 million during the quarter, compared to analysts’ expectations of $372.89 million. Gentherm had a return on equity of 14.36% and a net margin of 4.61%. Gentherm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 earnings per share. On average, analysts predict that Gentherm Incorporated will post 2.71 EPS for the current year.

Insider Buying and Selling at Gentherm

In other Gentherm news, SVP Hui (Helen) Xu sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $42.00, for a total transaction of $105,000.00. Following the sale, the senior vice president now owns 18,947 shares in the company, valued at approximately $795,774. This trade represents a 11.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Thomas Stocker sold 1,295 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 13,413 shares of the company’s stock, valued at approximately $576,490.74. The trade was a 8.80 % 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.

Institutional Trading of Gentherm

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC grew its holdings in Gentherm by 234.8% during the 3rd quarter. Barclays PLC now owns 61,466 shares of the auto parts company’s stock valued at $2,861,000 after buying an additional 43,108 shares in the last quarter. Global Alpha Capital Management Ltd. boosted its position in shares of Gentherm by 22.6% during the third quarter. Global Alpha Capital Management Ltd. now owns 632,673 shares of the auto parts company’s stock worth $29,451,000 after acquiring an additional 116,500 shares during the last quarter. Raymond James & Associates grew its stake in Gentherm by 18.9% during the third quarter. Raymond James & Associates now owns 128,468 shares of the auto parts company’s stock valued at $5,980,000 after acquiring an additional 20,401 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Gentherm by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 460,829 shares of the auto parts company’s stock valued at $21,452,000 after acquiring an additional 5,754 shares during the last quarter. Finally, Cerity Partners LLC lifted its stake in Gentherm by 880.7% in the 3rd quarter. Cerity Partners LLC now owns 188,683 shares of the auto parts company’s stock worth $8,783,000 after purchasing an additional 169,443 shares in the last quarter. Institutional investors own 97.13% of the company’s stock.

About Gentherm

(Get Free Report)

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.

Further Reading

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