Gentherm (NASDAQ:THRM) Trading Down 3.2%

Gentherm Incorporated (NASDAQ:THRM)’s share price was down 3.2% on Tuesday . The company traded as low as $49.62 and last traded at $49.62. Approximately 1,211 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 172,753 shares. The stock had previously closed at $51.25.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on THRM shares. Robert W. Baird reduced their target price on shares of Gentherm from $67.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. StockNews.com raised shares of Gentherm from a “hold” rating to a “buy” rating in a research report on Thursday, February 22nd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Gentherm from $63.00 to $60.00 and set an “underweight” rating on the stock in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $65.75.

Gentherm Trading Down 1.0 %

The company has a quick ratio of 1.44, a current ratio of 2.10 and a debt-to-equity ratio of 0.34. The stock’s 50 day moving average price is $51.44 and its 200-day moving average price is $51.57. The stock has a market capitalization of $1.61 billion, a P/E ratio of 34.73 and a beta of 1.48.

Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Tuesday, April 30th. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.19. Gentherm had a net margin of 3.23% and a return on equity of 13.56%. The firm had revenue of $356.00 million for the quarter, compared to the consensus estimate of $361.11 million. During the same period last year, the firm earned $0.49 earnings per share. The company’s quarterly revenue was down 2.1% on a year-over-year basis. As a group, equities research analysts expect that Gentherm Incorporated will post 2.94 earnings per share for the current year.

Insider Activity

In other news, CEO Phillip Eyler sold 15,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $51.47, for a total transaction of $772,050.00. Following the transaction, the chief executive officer now directly owns 147,317 shares in the company, valued at $7,582,405.99. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have sold 45,000 shares of company stock worth $2,410,200. Corporate insiders own 1.91% of the company’s stock.

Institutional Investors Weigh In On Gentherm

Institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in Gentherm by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 412,338 shares of the auto parts company’s stock valued at $21,590,000 after acquiring an additional 20,600 shares in the last quarter. Global Alpha Capital Management Ltd. boosted its stake in Gentherm by 9.7% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 320,173 shares of the auto parts company’s stock valued at $16,764,000 after acquiring an additional 28,200 shares in the last quarter. Mairs & Power Inc. boosted its stake in Gentherm by 9.3% in the fourth quarter. Mairs & Power Inc. now owns 395,006 shares of the auto parts company’s stock valued at $20,683,000 after acquiring an additional 33,570 shares in the last quarter. Granahan Investment Management LLC boosted its stake in Gentherm by 61.2% in the fourth quarter. Granahan Investment Management LLC now owns 412,971 shares of the auto parts company’s stock valued at $21,623,000 after acquiring an additional 156,842 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Gentherm by 25.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 175,591 shares of the auto parts company’s stock worth $9,194,000 after buying an additional 35,854 shares during the period. 97.13% of the stock is currently owned by institutional investors and hedge funds.

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.