Gentherm Inc (THRM) Given Average Rating of “Hold” by Brokerages
Gentherm Inc (NASDAQ:THRM) has been assigned an average recommendation of “Hold” from the twelve analysts that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $40.17.
A number of equities research analysts have issued reports on the company. FBR & Co restated a “buy” rating on shares of Gentherm in a research note on Wednesday, October 4th. Zacks Investment Research upgraded Gentherm from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. BidaskClub downgraded Gentherm from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Longbow Research started coverage on Gentherm in a research note on Friday, January 5th. They set an “underperform” rating for the company. Finally, B. Riley reiterated a “buy” rating on shares of Gentherm in a research note on Thursday, November 2nd.
Gentherm (NASDAQ:THRM) traded up $0.30 during trading on Tuesday, hitting $32.40. The company’s stock had a trading volume of 127,904 shares, compared to its average volume of 138,299. The company has a market cap of $1,188.46, a P/E ratio of 17.90, a P/E/G ratio of 0.52 and a beta of 1.96. Gentherm has a 1-year low of $29.50 and a 1-year high of $40.80. The company has a current ratio of 3.23, a quick ratio of 2.47 and a debt-to-equity ratio of 0.26.
In related news, VP Erin Erwine Ascher sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $35.14, for a total value of $70,280.00. Following the transaction, the vice president now directly owns 29,161 shares of the company’s stock, valued at approximately $1,024,717.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Maurice Ep Gunderson sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The stock was 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 directly owns 26,557 shares in the company, valued at $888,066.08. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Riverhead Capital Management LLC lifted its holdings in Gentherm by 70.6% in the 2nd 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. raised its holdings in shares of Gentherm by 12.7% during the 2nd quarter. Victory Capital Management Inc. now owns 4,479 shares of the auto parts company’s stock worth $174,000 after acquiring an additional 504 shares in the last quarter. Tiedemann Wealth Management LLC raised its holdings in shares of Gentherm by 16.2% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 31,328 shares of the auto parts company’s stock worth $192,000 after acquiring an additional 4,378 shares in the last quarter. Zeke Capital Advisors LLC purchased a new stake in shares of Gentherm during the 3rd quarter worth approximately $228,000. Finally, Bancorpsouth Inc. raised its holdings in shares of Gentherm by 12.4% during the 2nd quarter. Bancorpsouth Inc. now owns 6,314 shares of the auto parts company’s stock worth $245,000 after acquiring an additional 696 shares in the last quarter. 99.26% of the stock is currently owned by institutional investors.
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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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