Gentherm Inc (THRM) Downgraded by BidaskClub to “Strong Sell”
Gentherm Inc (NASDAQ:THRM) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Thursday.
Several other equities research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Gentherm from a “hold” rating to a “sell” rating in a research note on Wednesday, April 26th. Barrington Research lifted their price target on shares of Gentherm from $43.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, May 1st. BMO Capital Markets reiterated an “outperform” rating and issued a $44.00 price target (up from $42.00) on shares of Gentherm in a research note on Wednesday, May 3rd. ValuEngine lowered shares of Gentherm from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, FBR & Co reiterated an “outperform” rating and issued a $45.00 price target on shares of Gentherm in a research note on Wednesday, May 31st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $40.75.
Shares of Gentherm (NASDAQ:THRM) traded down 0.49% during midday trading on Thursday, reaching $30.35. 17,222 shares of the company were exchanged. Gentherm has a 52-week low of $26.60 and a 52-week high of $40.80. The stock has a 50-day moving average price of $37.24 and a 200 day moving average price of $36.88. The company has a market capitalization of $1.12 billion, a P/E ratio of 13.93 and a beta of 1.93.
Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Thursday, July 27th. The auto parts company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by $0.38. Gentherm had a net margin of 3.50% and a return on equity of 6.63%. The business had revenue of $243.40 million during the quarter, compared to analyst estimates of $244.48 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. Equities research analysts expect that Gentherm will post $2.00 EPS for the current fiscal year.
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In other news, VP Erin Erwine Ascher sold 1,800 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $39.17, for a total transaction of $70,506.00. Following the transaction, the vice president now directly owns 23,839 shares in the company, valued at approximately $933,773.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.30% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its position in Gentherm by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 4,040 shares of the auto parts company’s stock valued at $158,000 after buying an additional 90 shares in the last quarter. Blair William & Co. IL raised its position in Gentherm by 119.0% in the first quarter. Blair William & Co. IL now owns 46,915 shares of the auto parts company’s stock valued at $1,841,000 after buying an additional 25,493 shares in the last quarter. Legato Capital Management LLC purchased a new position in Gentherm during the second quarter valued at $1,416,000. Envestnet Asset Management Inc. raised its position in Gentherm by 185.0% in the first quarter. Envestnet Asset Management Inc. now owns 6,142 shares of the auto parts company’s stock valued at $242,000 after buying an additional 3,987 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in Gentherm by 19.4% in the first quarter. Ameriprise Financial Inc. now owns 437,943 shares of the auto parts company’s stock valued at $17,190,000 after buying an additional 71,225 shares in the last quarter. Institutional investors own 98.04% of the company’s stock.
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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