Gentherm Inc (THRM) Downgraded to Hold at Craig Hallum
Craig Hallum cut shares of Gentherm Inc (NASDAQ:THRM) from a buy rating to a hold rating in a report released on Friday morning. They currently have $38.00 target price on the auto parts company’s stock, down from their prior target price of $44.00.
Several other equities analysts have also weighed in on THRM. BidaskClub lowered Gentherm from a strong-buy rating to a buy rating in a report on Monday, July 24th. BMO Capital Markets increased their target price on Gentherm from $44.00 to $46.00 and gave the stock an outperform rating in a research report on Friday, July 14th. Zacks Investment Research downgraded Gentherm from a buy rating to a hold rating in a research report on Thursday, July 13th. ValuEngine downgraded Gentherm from a buy rating to a hold rating in a research report on Friday, June 2nd. Finally, FBR & Co restated an outperform rating and set a $45.00 target price on shares of Gentherm in a research report on Wednesday, May 31st. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $41.25.
Gentherm (THRM) opened at 33.45 on Friday. The firm has a 50-day moving average price of $38.62 and a 200 day moving average price of $37.05. The firm has a market capitalization of $1.23 billion, a PE ratio of 15.35 and a beta of 1.96. Gentherm has a one year low of $26.60 and a one year high of $40.80.
Gentherm (NASDAQ:THRM) last announced its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.61 by $0.38. Gentherm had a net margin of 8.34% and a return on equity of 16.34%. The firm had revenue of $243.40 million for the quarter, compared to the consensus estimate of $244.48 million. During the same period last year, the company posted $0.59 earnings per share. Gentherm’s revenue for the quarter was up 4.6% on a year-over-year basis. Analysts anticipate that Gentherm will post $2.51 EPS for the current fiscal year.
In related news, insider Darren Schumacher sold 15,000 shares of the stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $37.59, for a total value of $563,850.00. Following the sale, the insider now owns 47,881 shares in the company, valued at $1,799,846.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Erin Erwine Ascher sold 1,800 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $39.17, for a total value of $70,506.00. Following the completion of the sale, the vice president now owns 23,839 shares in the company, valued at approximately $933,773.63. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.
Several large investors have recently modified their holdings of THRM. Ameritas Investment Partners Inc. acquired a new stake in shares of Gentherm during the first quarter worth about $124,000. First Bank & Trust increased its stake in shares of Gentherm by 5.2% in the first quarter. First Bank & Trust now owns 3,371 shares of the auto parts company’s stock worth $132,000 after buying an additional 166 shares during the period. Victory Capital Management Inc. increased its stake in shares of Gentherm by 17.8% in the first quarter. Victory Capital Management Inc. now owns 3,975 shares of the auto parts company’s stock worth $156,000 after buying an additional 602 shares during the period. State of Alaska Department of Revenue increased its stake in shares of 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 worth $158,000 after buying an additional 90 shares during the period. Finally, Forward Management LLC increased its stake in shares of Gentherm by 5.0% in the first quarter. Forward Management LLC now owns 5,104 shares of the auto parts company’s stock worth $201,000 after buying an additional 245 shares during the period. Institutional investors own 98.27% of the company’s stock.
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.
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