Gentherm Inc. (THRM) Cut to Sell at Zacks Investment Research
Gentherm Inc. (NASDAQ:THRM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors 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. “
A number of other research analysts have also issued reports on THRM. FBR & Co reiterated a “hold” rating on shares of Gentherm in a report on Friday, September 9th. KeyCorp reissued an “equal weight” rating on shares of Gentherm in a research report on Friday, September 9th. Argus downgraded shares of Gentherm from a “buy” rating to a “hold” rating in a research report on Friday, September 23rd. TheStreet downgraded shares of Gentherm from a “buy” rating to a “hold” rating in a research report on Tuesday, October 18th. Finally, Roth Capital set a $31.00 target price on shares of Gentherm and gave the company 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 assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $40.60.
Gentherm (NASDAQ:THRM) opened at 31.35 on Tuesday. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 14.51 and a beta of 1.92. The firm has a 50-day moving average of $29.51 and a 200-day moving average of $32.88. Gentherm has a 52 week low of $26.60 and a 52 week high of $51.55.
Gentherm (NASDAQ:THRM) last posted its earnings results on Thursday, October 27th. The company reported $0.55 EPS for the quarter, hitting analysts’ consensus estimates of $0.55. The firm earned $232.60 million during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the business earned $0.76 earnings per share. Equities analysts forecast that Gentherm will post $2.26 earnings per share for the current year.
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Hedge funds have recently made changes to their positions in the company. 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 period. Springbok Capital Management LLC increased its stake 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 valued at $108,000 after buying an additional 100 shares during the period. Municipal Employees Retirement System of Michigan increased its stake 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 valued at $302,000 after buying an additional 130 shares during the period. PineBridge Investments L.P. increased its stake 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 valued at $158,000 after buying an additional 183 shares during the period. Finally, Thomson Horstmann & Bryant Inc. increased its stake 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 valued at $491,000 after buying an additional 190 shares during the period. 97.70% of the stock is owned by institutional investors.
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.
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