Gentherm (NASDAQ:THRM) Hits New 12-Month Low – Time to Sell?

Gentherm Incorporated (NASDAQ:THRM)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $38.08 and last traded at $38.08, with a volume of 45600 shares changing hands. The stock had previously closed at $38.63.

Wall Street Analyst Weigh In

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

Gentherm Stock Down 0.9 %

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 company has a market capitalization of $1.19 billion, a PE ratio of 17.89 and a beta of 1.42. The firm has a 50-day moving average of $42.09 and a two-hundred day moving average of $46.74.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $371.50 million during the quarter, compared to the consensus estimate of $372.89 million. During the same period last year, the company earned $0.64 EPS. The company’s quarterly revenue was up 1.4% on a year-over-year basis. Equities research analysts predict that Gentherm Incorporated will post 2.71 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Hui (Helen) Xu sold 2,500 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $42.00, for a total transaction of $105,000.00. Following the sale, the senior vice president now owns 18,947 shares of the company’s stock, valued at approximately $795,774. This represents a 11.66 % 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 Thomas Stocker sold 1,295 shares of Gentherm stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $42.98, for a total value of $55,659.10. Following the completion of the transaction, the senior vice president now owns 13,413 shares of the company’s stock, valued at approximately $576,490.74. This trade represents a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.91% of the company’s stock.

Institutional Investors Weigh In On Gentherm

Several large investors have recently bought and sold shares of THRM. Disciplined Growth Investors Inc. MN grew its position in shares of Gentherm by 2.0% during the third quarter. Disciplined Growth Investors Inc. MN now owns 1,169,671 shares of the auto parts company’s stock worth $54,448,000 after buying an additional 23,051 shares in the last quarter. Barclays PLC grew its holdings in Gentherm by 234.8% during the 3rd quarter. Barclays PLC now owns 61,466 shares of the auto parts company’s stock worth $2,861,000 after acquiring an additional 43,108 shares in the last quarter. Orion Portfolio Solutions LLC increased its position in shares of Gentherm by 32.1% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 16,626 shares of the auto parts company’s stock valued at $774,000 after purchasing an additional 4,041 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Gentherm in the 3rd quarter valued at $207,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Gentherm during the 3rd quarter worth $266,000. Hedge funds and other 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.