Gentherm (NASDAQ:THRM) Downgraded to Hold at BidaskClub

BidaskClub cut shares of Gentherm (NASDAQ:THRM) from a buy rating to a hold rating in a report published on Friday morning, BidAskClub reports.

Several other research analysts have also weighed in on THRM. Zacks Investment Research lowered Hersha Hospitality Trust from a buy rating to a hold rating in a research report on Thursday, May 2nd. ValuEngine lowered Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $44.63.

NASDAQ:THRM opened at $40.14 on Friday. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 18.93 and a beta of 1.34. Gentherm has a twelve month low of $36.16 and a twelve month high of $50.30. The business’s 50 day moving average is $39.95. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.42 and a quick ratio of 1.74.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Tuesday, April 30th. The auto parts company reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.12. The firm had revenue of $257.92 million for the quarter, compared to analyst estimates of $250.39 million. Gentherm had a return on equity of 14.71% and a net margin of 3.61%. The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.52 EPS. As a group, equities research analysts forecast that Gentherm will post 2.14 EPS for the current year.

In other news, VP Kenneth John Phillips sold 9,000 shares of Gentherm stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $42.98, for a total transaction of $386,820.00. Following the completion of the transaction, the vice president now directly owns 38,677 shares in the company, valued at approximately $1,662,337.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Frithjof Oldorff sold 10,230 shares of Gentherm stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $38.79, for a total value of $396,821.70. Following the transaction, the insider now owns 36,218 shares of the company’s stock, valued at $1,404,896.22. The disclosure for this sale can be found here. Insiders have sold a total of 35,374 shares of company stock valued at $1,457,164 over the last quarter. 1.50% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bremer Bank National Association bought a new stake in Gentherm in the 1st quarter valued at $42,000. Advisor Group Inc. boosted its stake in Gentherm by 70.1% in the 4th quarter. Advisor Group Inc. now owns 1,354 shares of the auto parts company’s stock valued at $54,000 after purchasing an additional 558 shares during the period. NumerixS Investment Technologies Inc bought a new stake in Gentherm in the 4th quarter valued at $55,000. Pearl River Capital LLC bought a new stake in Gentherm in the 1st quarter valued at $56,000. Finally, Zions Bancorporation N.A. boosted its stake in Gentherm by 6.5% in the 2nd quarter. Zions Bancorporation N.A. now owns 4,553 shares of the auto parts company’s stock valued at $190,000 after purchasing an additional 276 shares during the period.

Gentherm Company Profile

Gentherm, Inc engages in the design, development, manufacture, and marketing of heating, cooling, and ventilating devices. It operates through the following business segments: Automotive and Industrial.. The Automotive segment designs, develops, produces, and sells automotive seat comfort systems, specialized automotive cable systems, and automotive and non-automotive thermal convenience products.

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Analyst Recommendations for Gentherm (NASDAQ:THRM)

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