Gentherm Inc (THRM) Cut to Sell at Zacks Investment Research
Zacks Investment Research cut shares of Gentherm Inc (NASDAQ:THRM) from a hold rating to a sell rating in a research report sent 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 commented on the company. Roth Capital set a $33.00 price objective on Gentherm and gave the company a hold rating in a report on Friday, July 28th. Barrington Research decreased their price objective on Gentherm from $47.00 to $43.00 and set an outperform rating on the stock in a report on Friday, July 28th. Craig Hallum lowered Gentherm from a buy rating to a hold rating and decreased their price objective for the company from $44.00 to $38.00 in a report on Friday, July 28th. BidaskClub lowered Gentherm from a strong-buy rating to a buy rating in a report on Monday, July 24th. Finally, BMO Capital Markets upped their price objective on Gentherm from $44.00 to $46.00 and gave the company an outperform rating in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $40.75.
Shares of Gentherm (NASDAQ THRM) traded up 0.714% on Tuesday, reaching $31.725. The company had a trading volume of 95,148 shares. The company’s 50-day moving average price is $38.45 and its 200-day moving average price is $37.04. Gentherm has a 52-week low of $26.60 and a 52-week high of $40.80. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 14.559 and a beta of 1.93.
Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by $0.38. Gentherm had a net margin of 8.34% and a return on equity of 16.34%. The firm had revenue of $243.40 million during the quarter, compared to analyst estimates of $244.48 million. During the same period in the prior year, the company earned $0.59 earnings per share. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, analysts predict that Gentherm will post $2.00 earnings per share for the current year.
In other news, VP Erin Erwine Ascher sold 1,800 shares of the company’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $39.17, for a total transaction of $70,506.00. Following the completion of the sale, the vice president now directly owns 23,839 shares in the company, valued at approximately $933,773.63. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Darren Schumacher sold 15,000 shares of the company’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $37.59, for a total value of $563,850.00. Following the sale, the insider now owns 47,881 shares of the company’s stock, valued at $1,799,846.79. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake 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 last quarter. Vanguard Group Inc. increased its stake 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 last quarter. Van Berkom & Associates Inc. increased its stake in Gentherm by 2.9% in the second quarter. Van Berkom & Associates Inc. now owns 1,850,238 shares of the auto parts company’s stock worth $71,789,000 after buying an additional 51,960 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Gentherm by 6.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,455,672 shares of the auto parts company’s stock worth $57,134,000 after buying an additional 89,183 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Gentherm by 7.5% in the first quarter. Bank of New York Mellon Corp now owns 1,202,882 shares of the auto parts company’s stock worth $47,214,000 after buying an additional 84,240 shares during the last quarter. Hedge funds and other institutional investors own 98.27% of the company’s stock.
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.
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