Gentherm (NASDAQ:THRM) PT Lowered to $56.00 at JPMorgan Chase & Co.

Gentherm (NASDAQ:THRM) had its price objective decreased by JPMorgan Chase & Co. from $60.00 to $56.00 in a research report released on Monday, Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the auto parts company’s stock.

Separately, Robert W. Baird lowered their price objective on Gentherm from $65.00 to $60.00 and set a neutral rating for the company in a research note on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, Gentherm has a consensus rating of Hold and a consensus target price of $63.50.

Gentherm Stock Down 0.7 %

Gentherm stock opened at $50.55 on Monday. Gentherm has a 12 month low of $38.21 and a 12 month high of $66.54. The stock has a fifty day simple moving average of $50.91 and a two-hundred day simple moving average of $51.69. The company has a current ratio of 2.10, a quick ratio of 1.44 and a debt-to-equity ratio of 0.34. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 34.62 and a beta of 1.46.

Gentherm (NASDAQ:THRM) last announced its earnings results on Tuesday, April 30th. The auto parts company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.19. The business had revenue of $356.00 million during the quarter, compared to analyst estimates of $361.11 million. Gentherm had a net margin of 3.23% and a return on equity of 13.56%. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 EPS. Equities analysts predict that Gentherm will post 2.94 EPS for the current fiscal year.

Insider Transactions at Gentherm

In related news, CEO Phillip Eyler sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $50.40, for a total value of $756,000.00. Following the completion of the transaction, the chief executive officer now owns 147,317 shares of the company’s stock, valued at $7,424,776.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 45,000 shares of company stock valued at $2,338,650. 1.91% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Gentherm

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Headlands Technologies LLC increased its holdings in shares of Gentherm by 86.1% in the first quarter. Headlands Technologies LLC now owns 523 shares of the auto parts company’s stock valued at $30,000 after purchasing an additional 242 shares during the period. Quadrant Capital Group LLC raised its position in Gentherm by 211.4% during the 4th quarter. Quadrant Capital Group LLC now owns 1,149 shares of the auto parts company’s stock worth $60,000 after buying an additional 780 shares during the last quarter. TFO Wealth Partners LLC lifted its stake in Gentherm by 44,050.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,766 shares of the auto parts company’s stock valued at $92,000 after acquiring an additional 1,762 shares during the period. Handelsbanken Fonder AB boosted its holdings in shares of Gentherm by 9.2% in the 4th quarter. Handelsbanken Fonder AB now owns 5,916 shares of the auto parts company’s stock valued at $310,000 after acquiring an additional 500 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC increased its stake in shares of Gentherm by 30.3% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 6,011 shares of the auto parts company’s stock worth $315,000 after acquiring an additional 1,399 shares during the period. 97.13% of the stock is owned by hedge funds and other institutional investors.

About Gentherm

Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.