Gentherm Inc. (THRM) Sees Large Volume Increase
Shares of Gentherm Inc. (NASDAQ:THRM) saw strong trading volume on Friday . 746,459 shares traded hands during mid-day trading, an increase of 154% from the previous session’s volume of 294,391 shares.The stock last traded at $33.53 and had previously closed at $32.78.
Several equities research analysts have commented on the stock. Barrington Research downgraded shares of Gentherm from an “outperform” rating to a “market perform” rating in a research note on Thursday. Zacks Investment Research raised shares of Gentherm from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research note on Tuesday, May 3rd. Argus reaffirmed a “buy” rating and issued a $44.00 target price on shares of Gentherm in a research note on Tuesday, June 14th. Roth Capital reaffirmed a “buy” rating on shares of Gentherm in a research note on Saturday, April 30th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Gentherm from $48.00 to $44.00 and set an “overweight” rating for the company in a research note on Friday. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Gentherm has a consensus rating of “Hold” and a consensus target price of $45.00.
The company has a market capitalization of $1.22 billion and a P/E ratio of 13.99. The stock has a 50 day moving average of $35.95 and a 200 day moving average of $38.54.
Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by $0.07. The firm had revenue of $232.72 million for the quarter, compared to the consensus estimate of $240.54 million. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 EPS. On average, analysts expect that Gentherm Inc. will post $2.63 EPS for the current fiscal year.
In related news, VP Darren Schumacher sold 16,011 shares of Gentherm stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $37.74, for a total transaction of $604,255.14. Following the sale, the vice president now directly owns 21,666 shares in the company, valued at approximately $817,674.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Erin Erwine Ascher sold 1,009 shares of Gentherm stock in a transaction that occurred on Tuesday, June 14th. The stock was sold at an average price of $36.89, for a total transaction of $37,222.01. Following the sale, the vice president now owns 12,600 shares in the company, valued at $464,814. The disclosure for this sale can be found here.
A number of large investors have bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in Gentherm by 4.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,263,578 shares of the company’s stock valued at $59,895,000 after buying an additional 50,920 shares in the last quarter. Marshall Wace LLP acquired a new stake in Gentherm during the fourth quarter valued at approximately $4,403,000. Century Capital Management LLC increased its stake in Gentherm by 1.5% in the fourth quarter. Century Capital Management LLC now owns 253,677 shares of the company’s stock valued at $12,024,000 after buying an additional 3,757 shares in the last quarter. Principal Financial Group Inc. increased its stake in Gentherm by 5.0% in the fourth quarter. Principal Financial Group Inc. now owns 243,225 shares of the company’s stock valued at $11,528,000 after buying an additional 11,549 shares in the last quarter. Finally, Morgan Stanley increased its stake in Gentherm by 54.9% in the fourth quarter. Morgan Stanley now owns 217,386 shares of the company’s stock valued at $10,304,000 after buying an additional 77,071 shares in the last quarter.
Gentherm Incorporated (Gentherm) is engaged in the design, development and manufacturing of thermal management technologies. The Company’s segments are: Automotive, Industrial. The Automotive segment represents Gentherm’s three geographic operating segments: North America, Europe and Asia. The Automotive segment includes automotive seat comfort systems, specialized automotive cable systems, and other automotive and non-automotive thermal convenience products.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.