Gentherm (NASDAQ:THRM) Hits New 1-Year Low – What’s Next?

Gentherm Incorporated (NASDAQ:THRM) shares hit a new 52-week low on Monday . The stock traded as low as $39.84 and last traded at $40.15, with a volume of 225161 shares trading hands. The stock had previously closed at $41.74.

Analyst Upgrades and Downgrades

Several brokerages recently commented on THRM. Craig Hallum reduced their target price on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, October 31st. JPMorgan Chase & Co. upgraded Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price target for the company in a research note on Monday, October 21st. Finally, Robert W. Baird decreased their price objective on Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st.

Gentherm Trading Down 3.8 %

The firm has a market capitalization of $1.24 billion, a P/E ratio of 18.79 and a beta of 1.42. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $42.40 and a 200-day moving average of $47.27.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. Gentherm had a return on equity of 14.36% and a net margin of 4.61%. The business had revenue of $371.50 million during the quarter, compared to the consensus estimate of $372.89 million. During the same quarter in the previous year, the firm earned $0.64 earnings per share. Gentherm’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities research analysts predict that Gentherm Incorporated will post 2.71 earnings per share for the current fiscal year.

Insider Transactions at Gentherm

In other news, CEO Phillip Eyler sold 4,402 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $50.20, for a total value of $220,980.40. Following the completion of the transaction, the chief executive officer now owns 147,317 shares of the company’s stock, valued at approximately $7,395,313.40. This represents a 2.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Hui (Helen) Xu sold 2,500 shares of Gentherm stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $42.00, for a total transaction of $105,000.00. Following the sale, the senior vice president now directly owns 18,947 shares in the company, valued at $795,774. This trade represents a 11.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,197 shares of company stock valued at $381,640. Company insiders own 1.91% of the company’s stock.

Hedge Funds Weigh In On Gentherm

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quarry LP increased its holdings in shares of Gentherm by 952.9% during the third quarter. Quarry LP now owns 537 shares of the auto parts company’s stock worth $25,000 after buying an additional 486 shares in the last quarter. Gladius Capital Management LP bought a new stake in Gentherm during the 3rd quarter worth $44,000. Headlands Technologies LLC grew its position in Gentherm by 134.0% during the 2nd quarter. Headlands Technologies LLC now owns 1,224 shares of the auto parts company’s stock worth $60,000 after acquiring an additional 701 shares during the last quarter. Palouse Capital Management Inc. acquired a new position in Gentherm in the 2nd quarter worth about $92,000. Finally, MeadowBrook Investment Advisors LLC raised its position in Gentherm by 8.4% in the third quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock valued at $156,000 after purchasing an additional 260 shares during the last quarter. Institutional investors own 97.13% of the company’s stock.

Gentherm Company Profile

Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.