Gentherm (THRM) Lifted to “Sell” at BidaskClub

Gentherm (NASDAQ:THRM) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Several other equities research analysts have also recently weighed in on THRM. FBR & Co reiterated a “buy” rating on shares of Gentherm in a research report on Thursday, September 14th. Zacks Investment Research upgraded shares of Gentherm from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. B. Riley restated a “buy” rating on shares of Gentherm in a research report on Thursday, November 2nd. Finally, Argus decreased their price objective on shares of Gentherm to $40.00 and set a “buy” rating on the stock in a research report on Friday, December 15th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $40.57.

Shares of Gentherm (NASDAQ THRM) traded down $1.70 on Friday, hitting $31.80. The stock had a trading volume of 377,162 shares, compared to its average volume of 207,625. Gentherm has a 12-month low of $29.50 and a 12-month high of $40.80. The company has a market capitalization of $1,230.00, a PE ratio of 17.57, a PEG ratio of 0.53 and a beta of 1.95. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.47 and a current ratio of 3.23.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.33). Gentherm had a net margin of 6.89% and a return on equity of 12.82%. The company had revenue of $235.85 million for the quarter, compared to the consensus estimate of $235.94 million. During the same quarter in the prior year, the company earned $0.61 earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis. equities analysts expect that Gentherm will post 1.62 earnings per share for the current year.

In other Gentherm news, Director Maurice Ep Gunderson sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $33.44, for a total value of $334,400.00. Following the completion of the sale, the director now owns 26,557 shares of the company’s stock, valued at $888,066.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Erin Erwine Ascher sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $35.14, for a total value of $70,280.00. Following the completion of the sale, the vice president now directly owns 29,161 shares of the company’s stock, valued at approximately $1,024,717.54. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Gentherm by 0.5% in the second quarter. Vanguard Group Inc. now owns 3,227,072 shares of the auto parts company’s stock worth $125,210,000 after buying an additional 14,890 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in Gentherm by 11.6% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,391,672 shares of the auto parts company’s stock worth $88,851,000 after buying an additional 247,857 shares in the last quarter. Van Berkom & Associates Inc. boosted its stake in Gentherm by 8.2% in the third quarter. Van Berkom & Associates Inc. now owns 2,001,682 shares of the auto parts company’s stock worth $74,362,000 after buying an additional 151,444 shares in the last quarter. Disciplined Growth Investors Inc. MN boosted its stake in Gentherm by 39.3% in the second quarter. Disciplined Growth Investors Inc. MN now owns 1,885,661 shares of the auto parts company’s stock worth $73,164,000 after buying an additional 532,415 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Gentherm by 1.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,496,159 shares of the auto parts company’s stock worth $55,582,000 after buying an additional 25,861 shares in the last quarter. 99.26% of the stock is owned by institutional investors and hedge funds.

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Gentherm Company Profile

Gentherm Incorporated (Gentherm) is a global technology company engaged in the design, development, and manufacturing of thermal management technologies. The Company has two segments: Automotive and Industrial. Its products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation, patient temperature management, environmental product testing and other consumer and industrial temperature control needs.

Analyst Recommendations for Gentherm (NASDAQ:THRM)

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