Gentherm Inc (NASDAQ:THRM) Downgraded by BidaskClub to “Buy”

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

A number of other brokerages also recently commented on THRM. FBR & Co restated an “outperform” rating and issued a $45.00 price objective on shares of Gentherm in a research report on Wednesday, May 31st. Barrington Research raised their price objective on shares of Gentherm from $43.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, May 1st. ValuEngine downgraded shares of Gentherm from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of Gentherm from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Wednesday, May 3rd. Finally, BMO Capital Markets restated an “outperform” rating and issued a $44.00 price objective (up previously from $42.00) on shares of Gentherm in a research report on Wednesday, May 3rd. 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. Gentherm currently has a consensus rating of “Hold” and a consensus price target of $40.75.

Shares of Gentherm (NASDAQ:THRM) traded up 0.33% during mid-day trading on Monday, reaching $30.20. The company’s stock had a trading volume of 168,968 shares. Gentherm has a 52 week low of $26.60 and a 52 week high of $40.80. The company’s 50-day moving average is $35.62 and its 200-day moving average is $36.66. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 13.86 and a beta of 1.93.

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 analysts predict that Gentherm will post $2.01 EPS for the current year.

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In other Gentherm news, VP Erin Erwine Ascher sold 1,800 shares of the stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $39.17, for a total value of $70,506.00. Following the completion of the transaction, the vice president now directly owns 23,839 shares of the company’s stock, valued at $933,773.63. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of THRM. Alps Advisors Inc. boosted its position in shares of Gentherm by 0.3% in the second quarter. Alps Advisors Inc. now owns 13,264 shares of the auto parts company’s stock worth $515,000 after buying an additional 34 shares during the period. CWA Asset Management Group LLC boosted its position in shares of Gentherm by 0.7% in the second quarter. CWA Asset Management Group LLC now owns 5,792 shares of the auto parts company’s stock worth $225,000 after buying an additional 42 shares during the period. HGK Asset Management Inc. boosted its position in shares of Gentherm by 0.4% in the first quarter. HGK Asset Management Inc. now owns 15,943 shares of the auto parts company’s stock worth $626,000 after buying an additional 66 shares during the period. State of Alaska Department of Revenue boosted its position in shares of Gentherm by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 4,040 shares of the auto parts company’s stock worth $158,000 after buying an additional 90 shares during the period. Finally, Louisiana State Employees Retirement System boosted its position in shares of Gentherm by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 15,000 shares of the auto parts company’s stock worth $582,000 after buying an additional 100 shares during the period. 98.19% of the stock is owned by institutional investors.

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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