BidaskClub Downgrades Gentherm (THRM) to Hold

Gentherm (NASDAQ:THRM) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

A number of other equities research analysts have also issued reports on the company. Zacks Investment Research lowered Gentherm from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. FBR & Co reaffirmed a “buy” rating on shares of Gentherm in a research report on Thursday, September 14th. B. Riley reaffirmed a “buy” rating on shares of Gentherm in a research report on Thursday, November 2nd. ValuEngine lowered Gentherm from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, TheStreet lowered Gentherm from a “b-” rating to a “c+” rating in a research report on Thursday, August 17th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Gentherm has an average rating of “Hold” and a consensus target price of $40.75.

Shares of Gentherm (THRM) opened at $33.35 on Tuesday. Gentherm has a 12 month low of $29.50 and a 12 month high of $40.80. The company has a quick ratio of 2.47, a current ratio of 3.23 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $1,274.65, a price-to-earnings ratio of 19.52, a PEG ratio of 1.07 and a beta of 1.94.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.33). Gentherm had a return on equity of 12.82% and a net margin of 6.89%. The firm had revenue of $235.85 million during the quarter, compared to the consensus estimate of $235.94 million. During the same period in the prior year, the firm posted $0.61 EPS. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. research analysts forecast that Gentherm will post 1.62 earnings per share for the current fiscal year.

In other news, VP Erin Erwine Ascher sold 2,000 shares of Gentherm stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $35.14, for a total transaction of $70,280.00. Following the transaction, the vice president now owns 29,161 shares in the company, valued at $1,024,717.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.30% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Gentherm by 0.5% during 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 buying an additional 14,890 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Gentherm by 11.6% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,391,672 shares of the auto parts company’s stock valued at $88,851,000 after buying an additional 247,857 shares in the last quarter. Van Berkom & Associates Inc. grew its holdings in shares of Gentherm by 8.2% during the third quarter. Van Berkom & Associates Inc. now owns 2,001,682 shares of the auto parts company’s stock valued at $74,362,000 after buying an additional 151,444 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its holdings in shares of Gentherm by 39.3% during 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 buying an additional 532,415 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Gentherm by 1.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,496,159 shares of the auto parts company’s stock valued at $55,582,000 after buying an additional 25,861 shares in the last quarter. Institutional investors and hedge funds own 99.28% of the company’s stock.

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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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