ValuEngine lowered shares of Gentherm Inc (NASDAQ:THRM) from a buy rating to a hold rating in a report released on Friday morning.

Several other equities research analysts also recently weighed in on THRM. BidaskClub downgraded shares of Gentherm from a sell rating to a strong sell rating in a research note on Thursday, August 10th. TheStreet downgraded shares of Gentherm from a b- rating to a c+ rating in a research note on Thursday, August 17th. Barrington Research decreased their target price on shares of Gentherm from $47.00 to $43.00 and set an outperform rating for the company in a research note on Friday, July 28th. Zacks Investment Research downgraded shares of Gentherm from a hold rating to a sell rating in a research note on Tuesday, August 1st. Finally, Craig Hallum downgraded shares of Gentherm from a buy rating to a hold rating and decreased their target price for the stock from $44.00 to $38.00 in a research note on Friday, July 28th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $40.75.

Gentherm (NASDAQ THRM) opened at 31.85 on Friday. The stock has a 50 day moving average price of $33.35 and a 200 day moving average price of $36.31. The firm has a market cap of $1.17 billion, a PE ratio of 14.62 and a beta of 1.94. Gentherm has a one year low of $26.60 and a one year high of $40.80.

Gentherm (NASDAQ:THRM) last announced its earnings results on Thursday, July 27th. The auto parts company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.61 by $0.38. Gentherm had a return on equity of 16.34% and a net margin of 8.34%. The business had revenue of $243.40 million for the quarter, compared to analyst estimates of $244.48 million. During the same quarter last year, the company posted $0.59 EPS. Gentherm’s quarterly revenue was up 4.6% on a year-over-year basis. Equities research analysts expect that Gentherm will post $2.01 EPS for the current year.

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A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. lifted 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 valued at $180,872,000 after purchasing an additional 4,605,162 shares during the period. Vanguard Group Inc. lifted its position in Gentherm by 0.5% in the second quarter. Vanguard Group Inc. now owns 3,227,072 shares of the auto parts company’s stock valued at $125,210,000 after purchasing an additional 14,890 shares during the period. Disciplined Growth Investors Inc. MN lifted its position in Gentherm by 39.3% in the second quarter. Disciplined Growth Investors Inc. MN now owns 1,885,661 shares of the auto parts company’s stock valued at $73,164,000 after purchasing an additional 532,415 shares during the period. Van Berkom & Associates Inc. lifted its position 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 valued at $71,789,000 after purchasing an additional 51,960 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Gentherm by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,470,298 shares of the auto parts company’s stock valued at $57,048,000 after purchasing an additional 14,626 shares during the period. Hedge funds and other institutional investors own 96.75% 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.

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Analyst Recommendations for Gentherm (NASDAQ:THRM)

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