Gentherm Inc (THRM) Receives Consensus Rating of “Hold” from Analysts
Shares of Gentherm Inc (NASDAQ:THRM) have been assigned a consensus recommendation of “Hold” from the twelve analysts that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $40.17.
THRM has been the topic of several research analyst reports. Zacks Investment Research lowered Gentherm from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. B. Riley reaffirmed a “buy” rating on shares of Gentherm in a research note on Thursday, November 2nd. BidaskClub downgraded Gentherm from a “hold” rating to a “sell” rating in a research report on Monday, December 11th. Longbow Research began coverage on Gentherm in a research report on Friday, January 5th. They issued an “underperform” rating for the company. Finally, FBR & Co reiterated a “buy” rating on shares of Gentherm in a research report on Wednesday, October 4th.
Gentherm (THRM) traded up $0.70 during trading hours on Tuesday, reaching $32.95. The company had a trading volume of 113,800 shares, compared to its average volume of 192,767. The firm has a market capitalization of $1,200.00, a price-to-earnings ratio of 18.20, a PEG ratio of 0.53 and a beta of 1.95. The company has a quick ratio of 2.47, a current ratio of 3.23 and a debt-to-equity ratio of 0.26. Gentherm has a fifty-two week low of $29.50 and a fifty-two week high of $40.80.
In other Gentherm news, VP Erin Erwine Ascher sold 2,000 shares of the stock in a transaction dated 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 transaction, the vice president now directly owns 29,161 shares in the company, valued at $1,024,717.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Maurice Ep Gunderson sold 10,000 shares of the stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $33.44, for a total value of $334,400.00. Following the completion of the transaction, the director now owns 26,557 shares of the company’s stock, valued at $888,066.08. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of THRM. Riverhead Capital Management LLC increased its holdings in Gentherm by 70.6% in the second quarter. Riverhead Capital Management LLC now owns 2,730 shares of the auto parts company’s stock worth $106,000 after purchasing an additional 1,130 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Gentherm by 12.7% in the second quarter. Victory Capital Management Inc. now owns 4,479 shares of the auto parts company’s stock worth $174,000 after purchasing an additional 504 shares in the last quarter. Tiedemann Wealth Management LLC increased its holdings in Gentherm by 16.2% in the third quarter. Tiedemann Wealth Management LLC now owns 31,328 shares of the auto parts company’s stock worth $192,000 after purchasing an additional 4,378 shares in the last quarter. Zeke Capital Advisors LLC bought a new stake in Gentherm in the third quarter worth approximately $228,000. Finally, Bancorpsouth Inc. increased its holdings in Gentherm by 12.4% in the second quarter. Bancorpsouth Inc. now owns 6,314 shares of the auto parts company’s stock worth $245,000 after purchasing an additional 696 shares in the last quarter. Institutional investors own 99.26% of the company’s stock.
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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.
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