JPMorgan Chase & Co. cut shares of Gentherm (NASDAQ:THRM) from an overweight rating to a neutral rating in a research report released on Friday, MarketBeat.com reports. They currently have $50.00 price objective on the auto parts company’s stock.

Several other brokerages have also issued reports on THRM. Longbow Research reiterated a sell rating and issued a $26.00 price objective on shares of Gentherm in a research report on Thursday, July 26th. Barrington Research reiterated a buy rating and issued a $50.00 price objective on shares of Gentherm in a research report on Friday, October 5th. Roth Capital boosted their price objective on Gentherm from $32.00 to $37.00 and gave the company a neutral rating in a research report on Wednesday, June 27th. ValuEngine lowered Gentherm from a buy rating to a hold rating in a research report on Thursday, October 11th. Finally, Buckingham Research upped their price target on Gentherm from $35.00 to $38.00 and gave the stock a neutral rating in a research report on Friday, July 27th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. Gentherm presently has an average rating of Hold and a consensus target price of $44.27.

Shares of THRM traded down $0.39 on Friday, hitting $38.75. The company’s stock had a trading volume of 286,360 shares, compared to its average volume of 339,923. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.91 and a current ratio of 2.60. Gentherm has a fifty-two week low of $30.17 and a fifty-two week high of $50.30. The firm has a market capitalization of $1.43 billion, a PE ratio of 16.77 and a beta of 1.60.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Thursday, July 26th. The auto parts company reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.06. Gentherm had a return on equity of 11.97% and a net margin of 3.04%. The business had revenue of $263.78 million during the quarter, compared to analyst estimates of $264.18 million. During the same period in the previous year, the firm earned $0.53 EPS. Gentherm’s quarterly revenue was up 8.4% compared to the same quarter last year. Equities research analysts predict that Gentherm will post 2.39 EPS for the current fiscal year.

In other Gentherm news, VP Kenneth John Phillips sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $45.03, for a total transaction of $1,350,900.00. Following the completion of the transaction, the vice president now owns 61,198 shares of the company’s stock, valued at approximately $2,755,745.94. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Frithjof Oldorff sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $49.15, for a total value of $983,000.00. Following the transaction, the insider now directly owns 57,442 shares of the company’s stock, valued at approximately $2,823,274.30. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in THRM. BlackRock Inc. boosted its position in Gentherm by 1.0% during the 1st quarter. BlackRock Inc. now owns 4,679,122 shares of the auto parts company’s stock worth $158,856,000 after acquiring an additional 44,923 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Gentherm by 43.4% during the 1st quarter. JPMorgan Chase & Co. now owns 156,513 shares of the auto parts company’s stock worth $5,313,000 after purchasing an additional 47,395 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Gentherm by 8.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,635,869 shares of the auto parts company’s stock worth $55,538,000 after purchasing an additional 123,530 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Gentherm by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 281,155 shares of the auto parts company’s stock worth $9,545,000 after purchasing an additional 6,666 shares in the last quarter. Finally, Profund Advisors LLC bought a new stake in shares of Gentherm during the 1st quarter worth approximately $227,000.

Gentherm Company Profile

Gentherm Incorporated designs, develops, and manufactures thermal management technologies in North America, Europe, and Asia. The company operates through two segments, Automotive and Industrial. The Automotive segment offers automotive seat comfort systems, including seat heaters, variable temperature climate control seats that are designed to provide individualized thermal comfort to automobile passengers; and integrated electronic components, such as blowers and electronic control units.

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Analyst Recommendations for Gentherm (NASDAQ:THRM)

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