Gentherm (NASDAQ:THRM) Price Target Cut to $51.00 by Analysts at JPMorgan Chase & Co.

Gentherm (NASDAQ:THRM) had its target price lowered by JPMorgan Chase & Co. from $56.00 to $51.00 in a report issued on Monday morning,Benzinga reports. The firm currently has a neutral rating on the auto parts company’s stock.

THRM has been the topic of several other research reports. Craig Hallum cut their price target on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Robert W. Baird decreased their target price on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Finally, StockNews.com lowered Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 24th.

Gentherm Trading Down 1.9 %

Shares of THRM opened at $39.33 on Monday. Gentherm has a 1-year low of $37.94 and a 1-year high of $62.93. The company has a 50-day moving average of $40.50 and a 200 day moving average of $44.61. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 18.38 and a beta of 1.42. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.02 and a quick ratio of 1.38.

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 net margin of 4.61% and a return on equity of 14.36%. The firm had revenue of $371.50 million for the quarter, compared to the consensus estimate of $372.89 million. During the same quarter in the previous year, the firm earned $0.64 EPS. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, research analysts expect that Gentherm will post 2.71 EPS for the current year.

Insiders Place Their Bets

In other Gentherm news, SVP Hui (Helen) Xu sold 2,500 shares of Gentherm stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $42.00, for a total transaction of $105,000.00. Following the transaction, the senior vice president now directly owns 18,947 shares of the company’s stock, valued at $795,774. The trade was a 11.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Thomas Stocker sold 1,295 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $576,490.74. This represents a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.91% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Gentherm

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nuance Investments LLC acquired a new position in shares of Gentherm in the third quarter worth $16,754,000. Cerity Partners LLC lifted its position in shares of Gentherm by 880.7% during the 3rd quarter. Cerity Partners LLC now owns 188,683 shares of the auto parts company’s stock worth $8,783,000 after buying an additional 169,443 shares during the last quarter. Global Alpha Capital Management Ltd. grew its holdings in shares of Gentherm by 22.6% during the third quarter. Global Alpha Capital Management Ltd. now owns 632,673 shares of the auto parts company’s stock worth $29,451,000 after purchasing an additional 116,500 shares during the last quarter. FMR LLC increased its position in shares of Gentherm by 26.8% during the third quarter. FMR LLC now owns 507,598 shares of the auto parts company’s stock worth $23,629,000 after purchasing an additional 107,322 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Gentherm in the 3rd quarter valued at about $2,658,000. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

About Gentherm

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.