Gentherm Inc (THRM) Stock Rating Lowered by Zacks Investment Research
Gentherm Inc (NASDAQ:THRM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Thursday.
According to Zacks, “Gentherm Inc. is a developer and marketer of innovative thermal management technologies for a broad range of heating and cooling and temperature control applications. The Company offers heated seating, climate seating, electronics, and cables for the automotive markets. It is also building thermoelectric generators to capture the heat and convert it into electricity for various applications in automotive, industrial, and materials sectors. Gentherm Inc., formerly known as Amerigon Incorporated, is based in Northville, Michigan. “
Several other brokerages also recently issued reports on THRM. FBR & Co reiterated an “outperform” rating and set a $45.00 price target on shares of Gentherm in a research report on Wednesday, May 31st. Barrington Research upped their price target on shares of Gentherm from $43.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, May 1st. ValuEngine downgraded shares of Gentherm from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BMO Capital Markets reiterated an “outperform” rating and set a $44.00 price target (up previously from $42.00) on shares of Gentherm in a research report on Wednesday, May 3rd. Finally, BidaskClub upgraded shares of Gentherm from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 28th. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Gentherm currently has an average rating of “Buy” and a consensus target price of $42.25.
Gentherm (NASDAQ:THRM) traded up 0.567% on Thursday, hitting $39.875. 6,475 shares of the stock were exchanged. The company’s 50 day moving average is $38.21 and its 200 day moving average is $36.38. Gentherm has a 1-year low of $26.60 and a 1-year high of $40.00. The stock has a market cap of $1.47 billion, a PE ratio of 16.276 and a beta of 1.96.
Gentherm (NASDAQ:THRM) last issued its earnings results on Thursday, April 27th. The auto parts company reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.14. Gentherm had a net margin of 9.47% and a return on equity of 19.53%. The company had revenue of $249.30 million for the quarter, compared to the consensus estimate of $240.57 million. During the same quarter in the previous year, the company earned $0.59 EPS. The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year. On average, equities research analysts expect that Gentherm will post $2.51 earnings per share for the current year.
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In other Gentherm news, VP Erin Erwine Ascher sold 1,800 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $39.17, for a total transaction of $70,506.00. Following the completion of the sale, the vice president now directly owns 23,839 shares of the company’s stock, valued at approximately $933,773.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Darren Schumacher sold 15,000 shares of the business’s stock in a transaction dated 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 directly owns 47,881 shares of the company’s stock, valued at $1,799,846.79. The disclosure for this sale can be found here. Insiders have sold a total of 36,300 shares of company stock valued at $1,370,286 over the last three months. Company insiders own 2.30% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Gentherm by 152,589.9% in the first quarter. BlackRock Inc. now owns 4,608,180 shares of the auto parts company’s stock valued at $180,872,000 after buying an additional 4,605,162 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Gentherm by 7.3% in the first quarter. Vanguard Group Inc. now owns 3,212,182 shares of the auto parts company’s stock valued at $126,078,000 after buying an additional 218,171 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Gentherm by 6.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,455,672 shares of the auto parts company’s stock valued at $57,134,000 after buying an additional 89,183 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Gentherm by 7.5% in the first quarter. Bank of New York Mellon Corp now owns 1,202,882 shares of the auto parts company’s stock valued at $47,214,000 after buying an additional 84,240 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Gentherm by 7.3% in the first quarter. State Street Corp now owns 815,994 shares of the auto parts company’s stock valued at $32,034,000 after buying an additional 55,235 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.
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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