Robert W. Baird Has Lowered Expectations for Gentherm (NASDAQ:THRM) Stock Price

Gentherm (NASDAQ:THRM) had its price objective trimmed by Robert W. Baird from $44.00 to $39.00 in a report released on Thursday,Benzinga reports. The firm currently has a neutral rating on the auto parts company’s stock.

THRM has been the topic of several other research reports. Craig Hallum dropped their target price on Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. StockNews.com upgraded Gentherm from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. dropped their target price on Gentherm from $56.00 to $51.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th.

Gentherm Price Performance

Gentherm stock opened at $33.45 on Thursday. Gentherm has a 12 month low of $30.25 and a 12 month high of $62.93. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34. The business’s 50 day simple moving average is $38.48 and its 200 day simple moving average is $42.94. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 15.63 and a beta of 1.42.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Wednesday, February 19th. The auto parts company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.39). The firm had revenue of $352.91 million during the quarter, compared to analysts’ expectations of $360.29 million. Gentherm had a net margin of 4.61% and a return on equity of 14.36%. Gentherm’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.90 EPS. Sell-side analysts forecast that Gentherm will post 2.72 EPS for the current year.

Insider Buying and Selling

In related news, SVP Hui (Helen) Xu sold 2,500 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $42.00, for a total value 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Thomas Stocker sold 1,295 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $42.98, for a total value of $55,659.10. Following the completion of the transaction, the senior vice president now directly owns 13,413 shares in the company, valued at approximately $576,490.74. This represents a 8.80 % decrease in their position. The disclosure for this sale can be found here. 1.91% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Gentherm by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 3,667,551 shares of the auto parts company’s stock valued at $146,427,000 after acquiring an additional 74,758 shares during the last quarter. Trigran Investments Inc. increased its stake in Gentherm by 7.3% in the fourth quarter. Trigran Investments Inc. now owns 1,990,938 shares of the auto parts company’s stock valued at $79,488,000 after acquiring an additional 135,458 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Gentherm by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,217,681 shares of the auto parts company’s stock valued at $48,616,000 after acquiring an additional 62,562 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its stake in Gentherm by 2.0% in the third quarter. Disciplined Growth Investors Inc. MN now owns 1,169,671 shares of the auto parts company’s stock valued at $54,448,000 after acquiring an additional 23,051 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. increased 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 acquiring an additional 150,310 shares during the last quarter. Institutional investors own 97.13% of the company’s stock.

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.