JPMorgan Chase & Co. Lowers Gentherm (NASDAQ:THRM) Price Target to $51.00

Gentherm (NASDAQ:THRM) had its target price cut by investment analysts at JPMorgan Chase & Co. from $56.00 to $51.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 27.18% from the company’s previous close.

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

Gentherm Stock Down 1.6 %

THRM stock opened at $40.10 on Monday. The business’s 50 day simple moving average is $40.55 and its 200 day simple moving average is $44.64. Gentherm has a 1-year low of $37.94 and a 1-year high of $62.93. The firm has a market capitalization of $1.24 billion, a PE ratio of 18.74 and a beta of 1.42. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34.

Gentherm (NASDAQ:THRM) last announced its earnings results on Wednesday, October 30th. The auto parts company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.66 by $0.09. The business had revenue of $371.50 million during the quarter, compared to the consensus estimate of $372.89 million. Gentherm had a net margin of 4.61% and a return on equity of 14.36%. Gentherm’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.64 EPS. As a group, research analysts anticipate that Gentherm will post 2.71 EPS for the current year.

Insider Buying and Selling

In related news, SVP Thomas Stocker sold 1,295 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $42.98, for a total transaction of $55,659.10. Following the completion of the sale, the senior vice president now directly owns 13,413 shares in the company, valued at $576,490.74. This represents a 8.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Hui (Helen) Xu sold 2,500 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $42.00, for a total value of $105,000.00. Following the completion of the sale, the senior vice president now directly owns 18,947 shares in the company, valued at $795,774. This trade represents a 11.66 % 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 company insiders.

Institutional Investors Weigh In On Gentherm

A number of hedge funds have recently made changes to their positions in THRM. Nuance Investments LLC bought a new position in Gentherm in the 3rd quarter valued at approximately $16,754,000. Cerity Partners LLC boosted its holdings 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 valued at $8,783,000 after acquiring an additional 169,443 shares in the last quarter. Global Alpha Capital Management Ltd. grew its position in Gentherm by 22.6% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 632,673 shares of the auto parts company’s stock worth $29,451,000 after acquiring an additional 116,500 shares during the last quarter. FMR LLC increased its holdings in Gentherm by 26.8% in the 3rd 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. bought a new position in Gentherm in the third quarter valued at about $2,658,000. 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.