Gentherm (NASDAQ:THRM) Price Target Cut to $60.00 by Analysts at JPMorgan Chase & Co.

Gentherm (NASDAQ:THRM) had its price objective cut by JPMorgan Chase & Co. from $63.00 to $60.00 in a report issued on Monday morning, Benzinga reports. They currently have an underweight rating on the auto parts company’s stock.

A number of other research firms also recently commented on THRM. StockNews.com raised shares of Gentherm from a hold rating to a buy rating in a report on Thursday, February 22nd. Robert W. Baird boosted their price objective on shares of Gentherm from $60.00 to $66.00 and gave the stock a neutral rating in a report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Gentherm currently has an average rating of Hold and an average target price of $66.00.

Gentherm Trading Down 0.3 %

Shares of Gentherm stock opened at $49.83 on Monday. Gentherm has a 52-week low of $38.21 and a 52-week high of $66.54. The company has a quick ratio of 1.48, a current ratio of 2.12 and a debt-to-equity ratio of 0.34. The company’s 50-day simple moving average is $54.29 and its 200-day simple moving average is $50.65. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 40.51 and a beta of 1.49.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Wednesday, February 21st. The auto parts company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.36. Gentherm had a net margin of 2.75% and a return on equity of 12.91%. The business had revenue of $366.93 million for the quarter, compared to analyst estimates of $364.40 million. During the same period in the previous year, the business posted $0.47 earnings per share. The business’s revenue was up 6.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Gentherm will post 2.81 earnings per share for the current year.

Insider Buying and Selling at Gentherm

In other Gentherm news, CEO Phillip Eyler sold 15,000 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $55.17, for a total value of $827,550.00. Following the sale, the chief executive officer now owns 147,317 shares of the company’s stock, valued at $8,127,478.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.91% of the company’s stock.

Hedge Funds Weigh In On Gentherm

A number of institutional investors have recently modified their holdings of THRM. Quadrant Capital Group LLC raised its position in shares of Gentherm by 211.4% in the fourth quarter. Quadrant Capital Group LLC now owns 1,149 shares of the auto parts company’s stock valued at $60,000 after buying an additional 780 shares during the last quarter. TFO Wealth Partners LLC raised its position in shares of Gentherm by 44,050.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,766 shares of the auto parts company’s stock valued at $92,000 after buying an additional 1,762 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Gentherm by 14.9% in the third quarter. PNC Financial Services Group Inc. now owns 2,123 shares of the auto parts company’s stock valued at $115,000 after buying an additional 276 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in shares of Gentherm in the third quarter valued at approximately $207,000. Finally, Panagora Asset Management Inc. acquired a new position in shares of Gentherm in the third quarter valued at approximately $210,000. Institutional investors and hedge funds own 97.13% of the company’s stock.

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.