Gentherm (NASDAQ:THRM) Cut to “C+” at TheStreet

TheStreet downgraded shares of Gentherm (NASDAQ:THRM) from a b- rating to a c+ rating in a research report released on Thursday morning, TheStreetRatingsTable reports.

A number of other equities analysts have also weighed in on the company. Zacks Investment Research lowered Phoenix New Media from a hold rating to a sell rating in a research note on Tuesday, July 23rd. BidaskClub upgraded Xilinx from a hold rating to a buy rating in a research note on Wednesday, July 24th. Finally, ValuEngine lowered Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $45.00.

NASDAQ THRM opened at $41.70 on Thursday. The company’s 50-day moving average is $40.19. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 19.67 and a beta of 1.34. Gentherm has a fifty-two week low of $36.16 and a fifty-two week high of $50.30. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.34 and a quick ratio of 1.74.

Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.47 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.01). The company had revenue of $243.33 million for the quarter, compared to analysts’ expectations of $254.53 million. Gentherm had a net margin of 2.31% and a return on equity of 14.49%. The business’s quarterly revenue was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.58 EPS. Sell-side analysts expect that Gentherm will post 2.12 earnings per share for the current year.

In other news, VP Kenneth John Phillips sold 3,577 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $42.38, for a total transaction of $151,593.26. Following the sale, the vice president now directly owns 17,069 shares in the company, valued at approximately $723,384.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Frithjof Oldorff sold 10,230 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $38.79, for a total value of $396,821.70. Following the sale, the insider now owns 36,218 shares in the company, valued at $1,404,896.22. The disclosure for this sale can be found here. Insiders have sold a total of 26,374 shares of company stock worth $1,070,344 over the last 90 days. Insiders own 1.50% of the company’s stock.

Several large investors have recently bought and sold shares of the company. First Bank & Trust grew its position in shares of Gentherm by 45.9% during the 2nd quarter. First Bank & Trust now owns 3,234 shares of the auto parts company’s stock valued at $135,000 after acquiring an additional 1,017 shares during the period. Arizona State Retirement System boosted its holdings in Gentherm by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 52,237 shares of the auto parts company’s stock worth $2,185,000 after buying an additional 315 shares during the last quarter. Pembroke Management LTD boosted its holdings in Gentherm by 1.1% in the 2nd quarter. Pembroke Management LTD now owns 520,452 shares of the auto parts company’s stock worth $21,771,000 after buying an additional 5,705 shares during the last quarter. Convergence Investment Partners LLC acquired a new stake in Gentherm in the 2nd quarter worth about $146,000. Finally, HGK Asset Management Inc. boosted its holdings in Gentherm by 13.6% in the 2nd quarter. HGK Asset Management Inc. now owns 11,319 shares of the auto parts company’s stock worth $473,000 after buying an additional 1,357 shares during the last quarter.

Gentherm Company Profile

Gentherm, Inc engages in the design, development, manufacture, and marketing of heating, cooling, and ventilating devices. It operates through the following business segments: Automotive and Industrial.. The Automotive segment designs, develops, produces, and sells automotive seat comfort systems, specialized automotive cable systems, and automotive and non-automotive thermal convenience products.

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Analyst Recommendations for Gentherm (NASDAQ:THRM)

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