Gentherm (THRM) Lowered to “Hold” at BidaskClub
BidaskClub downgraded shares of Gentherm (NASDAQ:THRM) from a buy rating to a hold rating in a report issued on Tuesday.
Several other research firms also recently commented on THRM. FBR & Co reaffirmed a buy rating and issued a $45.00 price target on shares of Gentherm in a research note on Thursday, October 26th. Zacks Investment Research downgraded shares of Gentherm from a hold rating to a sell rating in a research note on Tuesday, October 24th. TheStreet downgraded shares of Gentherm from a b- rating to a c+ rating in a research note on Thursday, August 17th. ValuEngine downgraded shares of Gentherm from a buy rating to a hold rating in a research note on Friday, September 1st. Finally, B. Riley reaffirmed a buy rating on shares of Gentherm in a research note on Thursday, November 2nd. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Gentherm has a consensus rating of Hold and an average target price of $40.75.
Gentherm (NASDAQ:THRM) opened at $34.05 on Tuesday. The company has a market cap of $1,274.65, a PE ratio of 19.52, a P/E/G ratio of 1.07 and a beta of 1.94. Gentherm has a 12 month low of $29.50 and a 12 month high of $40.80. 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 (NASDAQ:THRM) last posted its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.33). The company had revenue of $235.85 million during the quarter, compared to analysts’ expectations of $235.94 million. Gentherm had a return on equity of 12.82% and a net margin of 6.89%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.61 EPS. analysts forecast that Gentherm will post 1.62 earnings per share for the current fiscal year.
In other Gentherm news, VP Erin Erwine Ascher sold 2,000 shares of the 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 transaction, the vice president now directly owns 29,161 shares in the company, valued at approximately $1,024,717.54. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of THRM. Riverhead Capital Management LLC grew its holdings in Gentherm by 70.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,730 shares of the auto parts company’s stock worth $106,000 after acquiring an additional 1,130 shares in the last quarter. First Bank & Trust grew its holdings in Gentherm by 4.3% during the 2nd quarter. First Bank & Trust now owns 3,515 shares of the auto parts company’s stock worth $137,000 after acquiring an additional 144 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Gentherm by 12.7% in the 2nd quarter. Victory Capital Management Inc. now owns 4,479 shares of the auto parts company’s stock valued at $174,000 after buying an additional 504 shares in the last quarter. Tiedemann Wealth Management LLC boosted its holdings in shares of Gentherm by 16.2% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 31,328 shares of the auto parts company’s stock valued at $192,000 after buying an additional 4,378 shares in the last quarter. Finally, Forward Management LLC boosted its holdings in shares of Gentherm by 6.0% in the 2nd quarter. Forward Management LLC now owns 5,409 shares of the auto parts company’s stock valued at $210,000 after buying an additional 305 shares in the last quarter. Institutional investors own 99.28% 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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