Gentherm Inc (THRM) Trimmed to Hold at ValuEngine

Gentherm Inc (THRM) Trimmed to Hold at ValuEngine

Gentherm Inc (NASDAQ:THRM) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research downgraded Gentherm from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. FBR & Co reiterated an “outperform” rating and set a $45.00 price objective on shares of Gentherm in a research report on Tuesday, March 28th. Argus raised Gentherm from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Thursday, March 16th. Barrington Research upped their price objective on Gentherm from $43.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, May 1st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $44.00 price objective (up previously from $42.00) on shares of Gentherm in a research note on Wednesday, May 3rd. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Gentherm has an average rating of “Hold” and an average target price of $41.88.

Shares of Gentherm (NASDAQ THRM) traded up 0.77% during midday trading on Friday, hitting $39.25. 95,382 shares of the stock were exchanged. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 16.02 and a beta of 1.97. The stock’s 50-day moving average price is $36.99 and its 200-day moving average price is $35.38. Gentherm has a 1-year low of $26.60 and a 1-year high of $39.60.

Gentherm (NASDAQ:THRM) last posted its earnings results on Thursday, April 27th. The auto parts company reported $0.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.14. Gentherm had a return on equity of 17.29% and a net margin of 8.84%. The firm had revenue of $249.30 million for the quarter, compared to analysts’ expectations of $240.57 million. During the same period in the previous year, the firm earned $0.59 earnings per share. The business’s revenue was up 15.6% compared to the same quarter last year. On average, analysts forecast that Gentherm will post $2.52 EPS for the current year.

In related news, VP Ryan Wesley Gaul sold 6,608 shares of Gentherm stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $37.29, for a total transaction of $246,412.32. Following the transaction, the vice president now owns 26,999 shares of the company’s stock, valued at approximately $1,006,792.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Darren Schumacher sold 15,000 shares of Gentherm stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $37.59, for a total transaction of $563,850.00. Following the transaction, the insider now directly owns 47,881 shares in the company, valued at approximately $1,799,846.79. The disclosure for this sale can be found here. Insiders sold 41,108 shares of company stock valued at $1,546,192 over the last three months. Insiders own 1.41% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in Gentherm by 152,589.9% in the first quarter. BlackRock Inc. now owns 4,608,180 shares of the auto parts company’s stock worth $180,872,000 after buying an additional 4,605,162 shares during the period. Norges Bank bought a new position in Gentherm during the fourth quarter worth approximately $9,383,000. Snow Capital Management LP increased its position in Gentherm by 612.6% in the first quarter. Snow Capital Management LP now owns 256,545 shares of the auto parts company’s stock worth $10,069,000 after buying an additional 220,545 shares during the period. Vanguard Group Inc. increased its position in Gentherm by 7.3% in the first quarter. Vanguard Group Inc. now owns 3,212,182 shares of the auto parts company’s stock worth $126,078,000 after buying an additional 218,171 shares during the period. Finally, Russell Investments Group Ltd. bought a new position in Gentherm during the fourth quarter worth approximately $6,920,000. Institutional investors own 95.36% of the company’s stock.

Gentherm Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:THRM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

To view ValuEngine’s full report, visit ValuEngine’s official website.

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