Zacks Investment Research downgraded shares of Gentherm Inc. (NASDAQ:THRM) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.

According to Zacks, “Gentherm Inc. is a developer and marketer of innovative thermal management technologies for a broad range of heating and cooling and temperature control applications. The Company offers heated seating, climate seating, electronics, and cables for the automotive markets. It is also building thermoelectric generators to capture the heat and convert it into electricity for various applications in automotive, industrial, and materials sectors. Gentherm Inc., formerly known as Amerigon Incorporated, is based in Northville, Michigan. “

A number of other research firms also recently issued reports on THRM. Roth Capital set a $31.00 target price on shares of Gentherm and gave the company a hold rating in a research report on Monday, October 24th. FBR & Co reaffirmed a buy rating and issued a $42.00 price target on shares of Gentherm in a research note on Friday, October 28th. TheStreet cut Gentherm from a buy rating to a hold rating in a research note on Tuesday, October 18th. KeyCorp reaffirmed an equal weight rating on shares of Gentherm in a research note on Friday, September 9th. Finally, Argus cut Gentherm from a buy rating to a hold rating in a research note on Friday, September 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The company has an average rating of Hold and an average target price of $40.60.

Analyst Recommendations for Gentherm (NASDAQ:THRM)

Shares of Gentherm (NASDAQ:THRM) opened at 31.50 on Tuesday. The firm has a market capitalization of $1.15 billion, a PE ratio of 14.58 and a beta of 1.92. Gentherm has a 1-year low of $26.60 and a 1-year high of $51.55. The firm has a 50-day moving average of $29.51 and a 200-day moving average of $32.88.

Gentherm (NASDAQ:THRM) last released its earnings results on Thursday, October 27th. The company reported $0.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.55. Gentherm had a net margin of 8.84% and a return on equity of 17.29%. The company had revenue of $232.60 million for the quarter, compared to the consensus estimate of $242.41 million. During the same period in the prior year, the company posted $0.76 EPS. The company’s revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts anticipate that Gentherm will post $2.26 EPS for the current fiscal year.

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Hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its stake in Gentherm by 131.8% in the third quarter. Price T Rowe Associates Inc. MD now owns 4,970,993 shares of the company’s stock worth $156,189,000 after buying an additional 2,826,284 shares during the last quarter. Vanguard Group Inc. boosted its stake in Gentherm by 2.9% in the second quarter. Vanguard Group Inc. now owns 2,872,522 shares of the company’s stock worth $98,383,000 after buying an additional 79,754 shares during the last quarter. BlackRock Fund Advisors boosted its stake in Gentherm by 7.4% in the third quarter. BlackRock Fund Advisors now owns 2,472,462 shares of the company’s stock worth $77,685,000 after buying an additional 171,159 shares during the last quarter. Van Berkom & Associates Inc. boosted its stake in Gentherm by 17.9% in the third quarter. Van Berkom & Associates Inc. now owns 1,827,616 shares of the company’s stock worth $57,424,000 after buying an additional 277,136 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Gentherm by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,363,784 shares of the company’s stock worth $46,709,000 after buying an additional 4,142 shares during the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.

About Gentherm

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.

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