Gentherm (THRM) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Gentherm (NASDAQ:THRM) from a hold rating to a sell rating in a report released on Thursday.

According to Zacks, “Gentherm Inc. is a developer and marketer of innovative thermal management technologies for a broad range of heating and cooling and temperature control applications. The Company offers heated seating, climate seating, electronics, and cables for the automotive markets. It is also building thermoelectric generators to capture the heat and convert it into electricity for various applications in automotive, industrial, and materials sectors. Gentherm Inc., formerly known as Amerigon Incorporated, is based in Northville, Michigan. “

A number of other analysts have also commented on the company. BidaskClub lowered Gentherm from a buy rating to a hold rating in a research report on Tuesday, October 2nd. Buckingham Research boosted their target price on Gentherm from $38.00 to $40.00 and gave the company a neutral rating in a research report on Wednesday, October 3rd. Barrington Research reaffirmed a buy rating and issued a $50.00 target price on shares of Gentherm in a research report on Friday, October 5th. ValuEngine raised Gentherm from a hold rating to a buy rating in a research report on Saturday, October 27th. Finally, TheStreet lowered Gentherm from a b rating to a c rating in a research report on Thursday, October 25th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Gentherm currently has a consensus rating of Hold and a consensus target price of $43.33.

Shares of NASDAQ:THRM opened at $42.57 on Thursday. The stock has a market capitalization of $1.51 billion, a PE ratio of 18.43 and a beta of 1.40. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.94 and a current ratio of 2.55. Gentherm has a 1 year low of $30.17 and a 1 year high of $50.30.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings data on Thursday, October 25th. The auto parts company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.05). The business had revenue of $258.94 million during the quarter, compared to analyst estimates of $261.61 million. Gentherm had a net margin of 2.31% and a return on equity of 14.28%. On average, equities research analysts forecast that Gentherm will post 2.23 EPS for the current fiscal year.

In other Gentherm news, CFO Barry G. Steele sold 2,200 shares of the business’s stock in a transaction that occurred on Tuesday, December 18th. The stock was sold at an average price of $41.50, for a total transaction of $91,300.00. Following the completion of the sale, the chief financial officer now directly owns 58,848 shares of the company’s stock, valued at approximately $2,442,192. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kenneth John Phillips sold 8,500 shares of the business’s stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $45.93, for a total value of $390,405.00. Following the sale, the vice president now directly owns 31,698 shares of the company’s stock, valued at $1,455,889.14. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of THRM. BlackRock Inc. increased its holdings in Gentherm by 8.5% during the 2nd quarter. BlackRock Inc. now owns 5,074,580 shares of the auto parts company’s stock worth $199,430,000 after purchasing an additional 395,458 shares in the last quarter. Crescent Park Management L.P. bought a new stake in Gentherm during the 3rd quarter worth approximately $15,129,000. Evermore Global Advisors LLC increased its holdings in Gentherm by 297.3% during the 3rd quarter. Evermore Global Advisors LLC now owns 307,900 shares of the auto parts company’s stock worth $13,994,000 after purchasing an additional 230,400 shares in the last quarter. United Services Automobile Association grew its holdings in shares of Gentherm by 232.9% in the second quarter. United Services Automobile Association now owns 197,588 shares of the auto parts company’s stock valued at $7,765,000 after acquiring an additional 138,226 shares in the last quarter. Finally, Morgan Stanley grew its holdings in shares of Gentherm by 98.8% in the third quarter. Morgan Stanley now owns 209,549 shares of the auto parts company’s stock valued at $9,523,000 after acquiring an additional 104,141 shares in the last quarter.

Gentherm Company Profile

Gentherm Incorporated designs, develops, and manufactures thermal management technologies in North America, Europe, and Asia. The company operates through two segments, Automotive and Industrial. The Automotive segment offers automotive seat comfort systems, including seat heaters, variable temperature climate control seats that are designed to provide individualized thermal comfort to automobile passengers; and integrated electronic components, such as blowers and electronic control units.

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