BidaskClub Upgrades Gentherm (THRM) to “Sell”

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

Other equities analysts also recently issued reports about the stock. Longbow Research assumed coverage on shares of Gentherm in a report on Friday, January 5th. They set an “underperform” rating on the stock. Argus reduced their target price on shares of Gentherm to $40.00 and set a “buy” rating for the company in a research report on Friday, December 15th. Zacks Investment Research upgraded shares of Gentherm from a “sell” rating to a “hold” rating in a research report on Saturday, November 4th. B. Riley reiterated a “buy” rating on shares of Gentherm in a research report on Thursday, November 2nd. Finally, FBR & Co reiterated a “buy” rating and issued a $45.00 target price on shares of Gentherm in a research report on Thursday, October 26th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Gentherm currently has an average rating of “Hold” and an average price target of $40.57.

Gentherm (NASDAQ:THRM) traded down $0.15 on Thursday, reaching $30.65. 314,263 shares of the company’s stock traded hands, compared to its average volume of 205,445. The company has a current ratio of 3.23, a quick ratio of 2.47 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $1,124.27, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 0.49 and a beta of 1.86. Gentherm has a fifty-two week low of $29.50 and a fifty-two week high of $40.80.

In related news, VP Erin Erwine Ascher sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $35.14, for a total transaction of $70,280.00. Following the completion of the sale, the vice president now directly owns 29,161 shares in the company, valued at $1,024,717.54. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Maurice Ep Gunderson sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $33.44, for a total transaction of $334,400.00. Following the sale, 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 made changes to their positions in THRM. Disciplined Growth Investors Inc. MN increased its position in shares of Gentherm by 39.3% during the second quarter. Disciplined Growth Investors Inc. MN now owns 1,885,661 shares of the auto parts company’s stock valued at $73,164,000 after acquiring an additional 532,415 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Gentherm during the second quarter valued at about $18,221,000. Wells Fargo & Company MN increased its position in shares of Gentherm by 124.9% during the fourth quarter. Wells Fargo & Company MN now owns 538,996 shares of the auto parts company’s stock valued at $17,113,000 after acquiring an additional 299,351 shares during the last quarter. Schroder Investment Management Group acquired a new stake in shares of Gentherm during the third quarter valued at about $9,907,000. Finally, Fuller & Thaler Asset Management Inc. increased its position in shares of Gentherm by 11.6% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,391,672 shares of the auto parts company’s stock valued at $88,851,000 after acquiring an additional 247,857 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

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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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