Gentherm (THRM) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research lowered shares of Gentherm (NASDAQ:THRM) from a hold rating to a sell rating in a research report sent to investors on Thursday 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. “

THRM has been the topic of several other research reports. BMO Capital Markets cut shares of Gentherm from an outperform rating to a market perform rating in a research note on Monday. Buckingham Research upped their target price on shares of Gentherm from $38.00 to $40.00 and gave the company a neutral rating in a research note on Wednesday, October 3rd. TheStreet cut shares of Gentherm from a b rating to a c rating in a research note on Thursday, October 25th. BidaskClub cut shares of Gentherm from a buy rating to a hold rating in a research note on Tuesday, October 2nd. Finally, ValuEngine upgraded shares of Gentherm from a hold rating to a buy rating in a research note on Saturday, October 27th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. Gentherm presently has an average rating of Hold and an average target price of $43.33.

THRM traded down $0.56 during midday trading on Thursday, hitting $42.57. 157,045 shares of the company traded hands, compared to its average volume of 352,941. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.94 and a current ratio of 2.55. The stock has a market capitalization of $1.51 billion, a P/E ratio of 18.43 and a beta of 1.40. Gentherm has a 52 week low of $30.17 and a 52 week high of $50.30.

Gentherm (NASDAQ:THRM) last posted its earnings results on Thursday, October 25th. The auto parts company reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.05). The company had revenue of $258.94 million for the quarter, compared to the consensus estimate of $261.61 million. Gentherm had a net margin of 2.31% and a return on equity of 14.28%. Research analysts forecast that Gentherm will post 2.23 EPS for the current fiscal year.

In other news, VP Kenneth John Phillips sold 8,500 shares of the stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of $45.93, for a total value of $390,405.00. Following the transaction, the vice president now owns 31,698 shares in the company, valued at approximately $1,455,889.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Barry G. Steele sold 2,200 shares of the stock in a transaction that occurred on Tuesday, December 18th. The stock was sold at an average price of $41.50, for a total transaction of $91,300.00. Following the completion of the transaction, the chief financial officer now owns 58,848 shares in the company, valued at approximately $2,442,192. The disclosure for this sale can be found here. 3.10% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB increased its holdings in Gentherm by 20.4% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 11,816 shares of the auto parts company’s stock worth $537,000 after acquiring an additional 2,000 shares in the last quarter. Legal & General Group Plc increased its holdings in Gentherm by 5.5% in the 2nd quarter. Legal & General Group Plc now owns 81,557 shares of the auto parts company’s stock worth $3,197,000 after acquiring an additional 4,262 shares in the last quarter. SG Americas Securities LLC increased its holdings in Gentherm by 1,834.3% in the 3rd quarter. SG Americas Securities LLC now owns 62,148 shares of the auto parts company’s stock worth $2,825,000 after acquiring an additional 58,935 shares in the last quarter. Crescent Park Management L.P. purchased a new stake in Gentherm in the 3rd quarter worth approximately $15,129,000. Finally, BlackRock Inc. increased its holdings in Gentherm by 8.5% in the 2nd quarter. BlackRock Inc. now owns 5,074,580 shares of the auto parts company’s stock worth $199,430,000 after acquiring an additional 395,458 shares in the last quarter.

About Gentherm

Gentherm Incorporated designs, develops, and manufactures thermal management technologies in North America, Europe, and Asia. The company operates through two segments, Automotive and Industrial. The Automotive segment offers automotive seat comfort systems, including seat heaters, variable temperature climate control seats that are designed to provide individualized thermal comfort to automobile passengers; and integrated electronic components, such as blowers and electronic control units.

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