Gentherm Inc. (NASDAQ:THRM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.
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. “
THRM has been the subject of a number of other research reports. FBR & Co restated an “outperform” rating on shares of Gentherm in a research report on Thursday, November 10th. TheStreet downgraded Gentherm from a “buy” rating to a “hold” rating in a research report on Tuesday, October 18th. KeyCorp restated an “equal weight” rating on shares of Gentherm in a research report on Friday, September 9th. Argus downgraded Gentherm from a “buy” rating to a “hold” rating in a research report on Friday, September 23rd. Finally, Roth Capital set a $31.00 target price on Gentherm and gave the stock a “hold” rating in a research report on Monday, October 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Gentherm currently has a consensus rating of “Hold” and an average price target of $40.60.
Shares of Gentherm (NASDAQ:THRM) opened at 31.35 on Tuesday. The stock’s 50 day moving average is $29.51 and its 200 day moving average is $32.88. The firm has a market cap of $1.14 billion, a P/E ratio of 14.51 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 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.55. Gentherm had a return on equity of 17.29% and a net margin of 8.84%. The company earned $232.60 million during the quarter, compared to analyst estimates of $242.41 million. During the same quarter in the previous year, the firm earned $0.76 earnings per share. Gentherm’s revenue was up 3.9% on a year-over-year basis. Equities research analysts expect that Gentherm will post $2.26 EPS for the current year.
Hedge funds have recently made changes to their positions in the stock. BlackRock Advisors LLC increased its stake in shares of Gentherm by 0.5% in the second quarter. BlackRock Advisors LLC now owns 17,290 shares of the company’s stock valued at $592,000 after buying an additional 90 shares during the last quarter. Springbok Capital Management LLC increased its position in shares of Gentherm by 4.0% in the first quarter. Springbok Capital Management LLC now owns 2,600 shares of the company’s stock worth $108,000 after buying an additional 100 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of Gentherm by 1.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 9,620 shares of the company’s stock worth $302,000 after buying an additional 130 shares in the last quarter. PineBridge Investments L.P. increased its position in shares of Gentherm by 4.1% in the second quarter. PineBridge Investments L.P. now owns 4,621 shares of the company’s stock worth $158,000 after buying an additional 183 shares in the last quarter. Finally, Thomson Horstmann & Bryant Inc. increased its position in shares of Gentherm by 1.2% in the third quarter. Thomson Horstmann & Bryant Inc. now owns 15,657 shares of the company’s stock worth $491,000 after buying an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.
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.