Gentherm Inc. (THRM) Reaches New 1-Year Low at $31.21
Gentherm Inc. (NASDAQ:THRM)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $31.21 and last traded at $31.51, with a volume of 459,879 shares changing hands. The stock had previously closed at $31.75.
A number of equities analysts recently commented on the company. Roth Capital restated a “buy” rating on shares of Gentherm in a report on Saturday, April 30th. Zacks Investment Research cut Gentherm from a “buy” rating to a “hold” rating in a report on Thursday, May 5th. FBR & Co lowered their target price on Gentherm from $49.00 to $42.00 and set a “market perform” rating for the company in a report on Friday, July 29th. JPMorgan Chase & Co. lowered their target price on Gentherm from $48.00 to $44.00 and set an “overweight” rating for the company in a report on Friday, July 29th. Finally, Argus restated a “buy” rating and set a $44.00 target price on shares of Gentherm in a report on Tuesday, June 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $45.00.
The company has a market cap of $1.14 billion and a P/E ratio of 13.20. The stock’s 50 day moving average price is $35.04 and its 200-day moving average price is $38.22.
Gentherm (NASDAQ:THRM) last posted its earnings results on Thursday, July 28th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.66 by $0.07. During the same quarter in the prior year, the company posted $0.54 EPS. The company earned $232.72 million during the quarter, compared to analysts’ expectations of $240.54 million. Gentherm’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, equities research analysts expect that Gentherm Inc. will post $1.99 earnings per share for the current fiscal year.
In related news, VP Darren Schumacher sold 16,011 shares of the firm’s stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $37.74, for a total value 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Erin Erwine Ascher sold 1,009 shares of the stock in a transaction on Tuesday, June 14th. The shares were sold at an average price of $36.89, for a total value of $37,222.01. Following the transaction, the vice president now directly owns 12,600 shares of the company’s stock, valued at $464,814. The disclosure for this sale can be found here.
A number of institutional investors have recently modified their holdings of THRM. Argent Capital Management LLC raised its position in shares of Gentherm by 0.5% in the fourth quarter. Argent Capital Management LLC now owns 87,275 shares of the company’s stock worth $4,137,000 after buying an additional 400 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Gentherm by 4.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,263,578 shares of the company’s stock worth $59,895,000 after buying an additional 50,920 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Gentherm during the fourth quarter worth about $4,403,000. Principal Financial Group Inc. raised its position in shares of Gentherm by 5.0% in the fourth quarter. Principal Financial Group Inc. now owns 243,225 shares of the company’s stock worth $11,528,000 after buying an additional 11,549 shares during the last quarter. Finally, Morgan Stanley raised its position in shares of Gentherm by 54.9% in the fourth quarter. Morgan Stanley now owns 217,386 shares of the company’s stock worth $10,304,000 after buying an additional 77,071 shares during 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.
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