BidaskClub Lowers Gentherm Inc (NASDAQ:THRM) to Buy

Gentherm Inc (NASDAQ:THRM) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Monday, July 24th.

THRM has been the topic of a number of other research reports. Zacks Investment Research lowered shares of Gentherm from a “hold” rating to a “sell” rating in a research note on Wednesday, April 26th. BMO Capital Markets increased their price objective on shares of Gentherm from $44.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, July 14th. FBR & Co reiterated an “outperform” rating and set a $45.00 price objective on shares of Gentherm in a research note on Tuesday, March 28th. ValuEngine lowered shares of Gentherm from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Barrington Research increased their price objective on shares of Gentherm from $43.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, May 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $40.75.

Shares of Gentherm (NASDAQ THRM) opened at 30.45 on Monday. The firm has a 50-day moving average price of $36.81 and a 200-day moving average price of $36.81. Gentherm has a 1-year low of $26.60 and a 1-year high of $40.80. The firm has a market capitalization of $1.12 billion, a PE ratio of 13.97 and a beta of 1.93.

Gentherm (NASDAQ:THRM) last issued its earnings results on Thursday, July 27th. The auto parts company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by $0.38. The company had revenue of $243.40 million during the quarter, compared to analyst estimates of $244.48 million. Gentherm had a net margin of 8.34% and a return on equity of 16.34%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.59 EPS. On average, analysts forecast that Gentherm will post $2.00 EPS for the current fiscal year.

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In related news, VP Erin Erwine Ascher sold 1,800 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were 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 $933,773.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.30% of the company’s stock.

Large investors have recently modified their holdings of the stock. Great West Life Assurance Co. Can increased its stake in Gentherm by 8.2% in the first quarter. Great West Life Assurance Co. Can now owns 51,480 shares of the auto parts company’s stock worth $2,018,000 after buying an additional 3,904 shares during the last quarter. Pembroke Management LTD increased its stake in Gentherm by 40.5% in the first quarter. Pembroke Management LTD now owns 631,408 shares of the auto parts company’s stock worth $24,782,000 after buying an additional 181,900 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp bought a new stake in Gentherm during the first quarter worth about $1,906,000. First Bank & Trust increased its stake in Gentherm by 5.2% in the first quarter. First Bank & Trust now owns 3,371 shares of the auto parts company’s stock worth $132,000 after buying an additional 166 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. increased its stake in Gentherm by 2.6% in the first quarter. Punch & Associates Investment Management Inc. now owns 147,788 shares of the auto parts company’s stock worth $5,801,000 after buying an additional 3,690 shares during the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

About Gentherm

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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