Gentherm Inc. (THRM) Reaches New 12-Month Low at $31.21
Shares of Gentherm Inc. (NASDAQ:THRM) 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 traded. The stock had previously closed at $31.75.
THRM has been the subject of a number of research reports. Roth Capital reaffirmed a “buy” rating on shares of Gentherm in a research report on Saturday, April 30th. Zacks Investment Research raised Gentherm from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Tuesday, May 3rd. Argus reaffirmed a “buy” rating and set a $44.00 price target on shares of Gentherm in a research report on Tuesday, June 14th. Barrington Research cut Gentherm from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 28th. Finally, FBR & Co lowered their price target on Gentherm from $49.00 to $42.00 and set a “market perform” rating for the company in a research report on Friday, July 29th. One 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. Gentherm has an average rating of “Hold” and a consensus target price of $45.00.
The company has a market capitalization of $1.15 billion and a price-to-earnings ratio of 13.29. The firm’s 50-day moving average price is $34.71 and its 200-day moving average price is $38.11.
Gentherm (NASDAQ:THRM) last announced its earnings results on Thursday, July 28th. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.66 by $0.07. The firm had revenue of $232.72 million for the quarter, compared to analyst estimates of $240.54 million. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the business earned $0.54 EPS. Equities research analysts expect that Gentherm Inc. will post $1.99 earnings per share for the current fiscal year.
In related news, VP Erin Erwine Ascher sold 1,009 shares of the stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $36.89, for a total transaction of $37,222.01. Following the completion of the transaction, the vice president now directly owns 12,600 shares of the company’s stock, valued at $464,814. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Darren Schumacher sold 16,011 shares of the 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 directly owns 21,666 shares of the company’s stock, valued at $817,674.84. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors have recently bought and sold shares of THRM. Comerica Bank boosted its position in Gentherm by 0.4% in the fourth quarter. Comerica Bank now owns 36,939 shares of the company’s stock valued at $1,552,000 after buying an additional 137 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in Gentherm by 3,487.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 37,667 shares of the company’s stock valued at $1,785,000 after buying an additional 36,617 shares in the last quarter. Argent Capital Management LLC boosted its position in Gentherm by 0.5% in the fourth quarter. Argent Capital Management LLC now owns 87,275 shares of the company’s stock valued at $4,137,000 after buying an additional 400 shares in the last quarter. Marshall Wace LLP purchased a new position in Gentherm during the fourth quarter valued at about $4,403,000. Finally, Principal Financial Group Inc. boosted its position 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.
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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