Gentherm Inc. (NASDAQ:THRM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.
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 equities research analysts also recently issued reports on the stock. FBR & Co restated a “buy” rating and set a $42.00 price objective on shares of Gentherm in a research report on Friday, October 28th. Roth Capital set a $31.00 price target on shares of Gentherm and gave the company a “hold” rating in a research report on Monday, October 24th. TheStreet downgraded shares of Gentherm from a “buy” rating to a “hold” rating in a research report on Tuesday, October 18th. Argus downgraded shares of Gentherm from a “buy” rating to a “hold” rating in a research report on Friday, September 23rd. Finally, KeyCorp reiterated an “equal weight” rating on shares of Gentherm in a research report on Friday, September 9th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $40.60.
Gentherm (NASDAQ:THRM) traded up 0.79% on Wednesday, reaching $31.70. The company’s stock had a trading volume of 58,689 shares. The firm’s 50 day moving average is $29.49 and its 200-day moving average is $32.95. The firm has a market cap of $1.16 billion, a P/E ratio of 14.68 and a beta of 1.92. Gentherm has a 12 month low of $26.60 and a 12 month high of $51.55.
Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Thursday, October 27th. The company reported $0.55 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.55. The firm earned $232.60 million during the quarter, compared to the consensus estimate of $242.41 million. Gentherm had a net margin of 8.84% and a return on equity of 17.29%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the business posted $0.76 earnings per share. On average, equities research analysts anticipate that Gentherm will post $2.26 EPS for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in THRM. Aperio Group LLC boosted its position in shares of Gentherm by 0.3% in the first quarter. Aperio Group LLC now owns 12,152 shares of the company’s stock worth $505,000 after buying an additional 37 shares during the period. Teachers Advisors Inc. boosted its position in shares of Gentherm by 0.8% in the first quarter. Teachers Advisors Inc. now owns 52,875 shares of the company’s stock worth $2,199,000 after buying an additional 430 shares during the period. Prudential Financial Inc. boosted its position in shares of Gentherm by 11.2% in the first quarter. Prudential Financial Inc. now owns 94,321 shares of the company’s stock worth $3,922,000 after buying an additional 9,462 shares during the period. BlackRock Inc. boosted its position in shares of Gentherm by 85.3% in the first quarter. BlackRock Inc. now owns 2,477 shares of the company’s stock worth $103,000 after buying an additional 1,140 shares during the period. Finally, BlackRock Group LTD boosted its position in shares of Gentherm by 24.1% in the first quarter. BlackRock Group LTD now owns 46,375 shares of the company’s stock worth $1,930,000 after buying an additional 9,011 shares during the period. 88.14% of the stock is currently owned by institutional investors and hedge funds.
Gentherm Company Profile
Gentherm Incorporated (Gentherm) is a global technology company, which is engaged in the design, development, and manufacturing of innovative thermal management technologies and automotive cable systems. The Company has two segments: Automotive and Industrial. The Automotive segment comprises Gentherm’s three geographic operating segments: North America, Europe and Asia.