Gentherm (NASDAQ:THRM) Hits New 1-Year Low – What’s Next?

Gentherm Incorporated (NASDAQ:THRM)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $35.65 and last traded at $36.24, with a volume of 1202 shares changing hands. The stock had previously closed at $36.24.

Analyst Ratings Changes

THRM has been the topic of several recent analyst reports. StockNews.com downgraded Gentherm from a “strong-buy” rating to a “buy” rating in a report on Monday. Robert W. Baird reduced their price objective on Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Craig Hallum lowered their target price on Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. reduced their price target on shares of Gentherm from $56.00 to $51.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th.

Gentherm Trading Down 1.3 %

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 business’s fifty day moving average is $39.66 and its two-hundred day moving average is $43.77. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 16.73 and a beta of 1.42.

Insider Activity

In related news, SVP Thomas Stocker sold 1,295 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $42.98, for a total value of $55,659.10. Following the transaction, the senior vice president now owns 13,413 shares in the company, valued at $576,490.74. This trade represents a 8.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Hui (Helen) Xu sold 2,500 shares of Gentherm 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 approximately $795,774. The trade was a 11.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.91% of the company’s stock.

Hedge Funds Weigh In On Gentherm

Several large investors have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in Gentherm during the 4th quarter worth $15,400,000. Nuance Investments LLC bought a new position in shares of Gentherm in the 3rd quarter worth $16,754,000. Cerity Partners LLC grew its stake in shares of Gentherm by 880.7% during the third 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 during the period. Segall Bryant & Hamill LLC increased its holdings in Gentherm by 42.9% in the fourth quarter. Segall Bryant & Hamill LLC now owns 525,026 shares of the auto parts company’s stock valued at $20,962,000 after purchasing an additional 157,544 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. lifted its stake in Gentherm by 23.8% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 782,983 shares of the auto parts company’s stock valued at $31,261,000 after buying an additional 150,310 shares during the period. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Gentherm Company Profile

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.