Gentherm Inc. (THRM) Trading Up 3.9%
Gentherm Inc. (NASDAQ:THRM)’s share price was up 3.9% during trading on Tuesday . The company traded as high as $32.95 and last traded at $32.84, with a volume of 203,335 shares traded. The stock had previously closed at $31.61.
A number of equities analysts recently commented on THRM shares. Zacks Investment Research upgraded Gentherm from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a report on Tuesday, May 3rd. Roth Capital restated a “buy” rating on shares of Gentherm in a report on Saturday, April 30th. Argus restated a “buy” rating and issued a $44.00 price objective on shares of Gentherm in a report on Tuesday, June 14th. FBR & Co dropped their price objective on Gentherm from $49.00 to $42.00 and set a “market perform” rating on the stock in a report on Friday, July 29th. Finally, Barrington Research downgraded Gentherm from an “outperform” rating to a “market perform” rating in a report on Thursday, July 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $45.00.
The company has a market cap of $1.19 billion and a P/E ratio of 13.79. The company’s 50-day moving average is $34.01 and its 200 day moving average is $37.60.
Gentherm (NASDAQ:THRM) last issued its earnings results on Thursday, July 28th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.66 by $0.07. During the same quarter in the prior year, the business posted $0.54 EPS. The business earned $232.72 million during the quarter, compared to analysts’ expectations of $240.54 million. The company’s revenue was up 9.0% on a year-over-year basis. Analysts forecast that Gentherm Inc. will post $1.99 EPS for the current year.
In other news, VP Darren Schumacher sold 16,011 shares of Gentherm stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $37.74, for a total transaction of $604,255.14. Following the transaction, the vice president now owns 21,666 shares in the company, valued at approximately $817,674.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Erin Erwine Ascher sold 1,009 shares of Gentherm stock in a transaction dated 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 owns 12,600 shares in the company, valued at approximately $464,814. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Gentherm stock. Principal Financial Group Inc. boosted its stake in shares of Gentherm Inc. (NASDAQ:THRM) by 5.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 243,225 shares of the company’s stock after buying an additional 11,549 shares during the period. Principal Financial Group Inc. owned about 0.67% of Gentherm worth $11,528,000 at the end of the most recent quarter.
Gentherm Incorporated (Gentherm) is a global technology company, which is engaged in the design, development, and manufacturing of innovative thermal management technologies and automotive cable systems. The Company has two segments: Automotive and Industrial. The Automotive segment comprises Gentherm’s three geographic operating segments: North America, Europe and Asia.