Gentherm (NASDAQ:THRM) Rating Lowered to Hold at BidaskClub

Gentherm (NASDAQ:THRM) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Friday, BidAskClub reports.

Other analysts have also issued research reports about the company. Zacks Investment Research lowered Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $44.63.

Shares of THRM opened at $40.19 on Friday. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 18.52 and a beta of 1.34. The stock has a 50 day moving average price of $39.88. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.74 and a current ratio of 2.42. Gentherm has a 1 year low of $36.16 and a 1 year high of $50.30.

Gentherm (NASDAQ:THRM) last issued its earnings results on Tuesday, April 30th. The auto parts company reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.12. The business had revenue of $257.92 million during 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%. Gentherm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.52 earnings per share. As a group, equities research analysts anticipate that Gentherm will post 2.14 EPS for the current year.

In other Gentherm news, VP Kenneth John Phillips sold 1,345 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $39.46, for a total value of $53,073.70. Following the completion of the sale, the vice president now owns 16,069 shares in the company, valued at $634,082.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Frithjof Oldorff sold 10,230 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $38.79, for a total value of $396,821.70. Following the completion of the sale, the insider now owns 36,218 shares of the company’s stock, valued at approximately $1,404,896.22. The disclosure for this sale can be found here. Insiders sold 35,374 shares of company stock valued at $1,457,164 in the last quarter. Corporate insiders own 1.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in THRM. Advisor Group Inc. boosted its holdings in shares of Gentherm by 70.1% in the fourth quarter. Advisor Group Inc. now owns 1,354 shares of the auto parts company’s stock valued at $54,000 after acquiring an additional 558 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of Gentherm by 99.3% in the fourth quarter. Citigroup Inc. now owns 14,356 shares of the auto parts company’s stock valued at $574,000 after acquiring an additional 7,152 shares in the last quarter. NumerixS Investment Technologies Inc bought a new position in shares of Gentherm in the fourth quarter valued at approximately $55,000. Great West Life Assurance Co. Can boosted its holdings in shares of Gentherm by 2.7% in the fourth quarter. Great West Life Assurance Co. Can now owns 46,660 shares of the auto parts company’s stock valued at $1,722,000 after acquiring an additional 1,219 shares in the last quarter. Finally, United Services Automobile Association boosted its holdings in shares of Gentherm by 1.4% in the fourth quarter. United Services Automobile Association now owns 202,355 shares of the auto parts company’s stock valued at $8,090,000 after acquiring an additional 2,706 shares in the last quarter.

About Gentherm

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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