Robert W. Baird Lowers Gentherm (NASDAQ:THRM) Price Target to $65.00

Gentherm (NASDAQ:THRM) had its target price trimmed by Robert W. Baird from $67.00 to $65.00 in a research report report published on Wednesday morning, Benzinga reports. The brokerage currently has a neutral rating on the auto parts company’s stock.

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. decreased their target price on shares of Gentherm from $63.00 to $60.00 and set an underweight rating for the company in a research note on Monday, April 22nd. StockNews.com raised Gentherm from a hold rating to a buy rating in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Gentherm has an average rating of Hold and a consensus target price of $65.75.

Gentherm Trading Down 0.5 %

THRM opened at $51.23 on Wednesday. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 35.09 and a beta of 1.49. Gentherm has a 52 week low of $38.21 and a 52 week high of $66.54. The business’s 50 day moving average is $54.04 and its two-hundred day moving average is $50.47. The company has a quick ratio of 1.48, a current ratio of 2.10 and a debt-to-equity ratio of 0.34.

Gentherm (NASDAQ:THRM) last announced its earnings results on Tuesday, April 30th. The auto parts company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.19. The business had revenue of $356.00 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 EPS. On average, research analysts predict that Gentherm will post 2.93 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Phillip Eyler sold 15,000 shares of the firm’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $55.17, for a total value of $827,550.00. Following the completion of the sale, the chief executive officer now owns 147,317 shares in the company, valued at approximately $8,127,478.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.91% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in shares of Gentherm during the 3rd quarter worth approximately $404,000. Raymond James & Associates grew its holdings in Gentherm by 0.5% during the third quarter. Raymond James & Associates now owns 104,144 shares of the auto parts company’s stock worth $5,651,000 after acquiring an additional 469 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Gentherm by 18.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,342 shares of the auto parts company’s stock worth $398,000 after acquiring an additional 1,154 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Gentherm by 47.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 200,335 shares of the auto parts company’s stock valued at $10,870,000 after acquiring an additional 64,352 shares during the period. Finally, Punch & Associates Investment Management Inc. boosted its position in shares of Gentherm by 0.6% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 153,236 shares of the auto parts company’s stock worth $8,315,000 after purchasing an additional 860 shares in the last quarter. 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.