Gentherm (NASDAQ:THRM) Sets New 1-Year Low – Should You Sell?

Gentherm Incorporated (NASDAQ:THRM)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $39.84 and last traded at $40.15, with a volume of 225161 shares traded. The stock had previously closed at $41.74.

Analyst Ratings Changes

A number of equities analysts have issued reports on THRM shares. JPMorgan Chase & Co. upgraded Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price objective for the company in a report on Monday, October 21st. Robert W. Baird reduced their price objective on Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Finally, Craig Hallum dropped their target price on Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, October 31st.

Gentherm Trading Down 0.5 %

The firm’s 50 day moving average price is $42.32 and its 200-day moving average price is $47.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.02 and a quick ratio of 1.38. The stock has a market cap of $1.22 billion, a P/E ratio of 18.35 and a beta of 1.42.

Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.66 by $0.09. The company had revenue of $371.50 million during the quarter, compared to the consensus estimate of $372.89 million. Gentherm had a return on equity of 14.36% and a net margin of 4.61%. Gentherm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the company earned $0.64 EPS. As a group, equities research analysts forecast that Gentherm Incorporated will post 2.71 earnings per share for the current year.

Insider Activity

In other news, SVP Hui (Helen) Xu sold 2,500 shares of Gentherm stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $42.00, for a total transaction of $105,000.00. Following the transaction, the senior vice president now owns 18,947 shares in the company, valued at $795,774. This trade represents a 11.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Thomas Stocker sold 1,295 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $42.98, for a total transaction of $55,659.10. Following the sale, the senior vice president now directly owns 13,413 shares of the company’s stock, valued at approximately $576,490.74. The trade was a 8.80 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.91% of the company’s stock.

Hedge Funds Weigh In On Gentherm

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nuance Investments LLC bought a new position in shares of Gentherm in the third quarter worth approximately $16,754,000. Cerity Partners LLC lifted its stake in shares of Gentherm by 880.7% during the 3rd quarter. Cerity Partners LLC now owns 188,683 shares of the auto parts company’s stock valued at $8,783,000 after buying an additional 169,443 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Gentherm by 119.4% during the 2nd quarter. American Century Companies Inc. now owns 259,185 shares of the auto parts company’s stock valued at $12,783,000 after buying an additional 141,047 shares in the last quarter. Global Alpha Capital Management Ltd. boosted its holdings in Gentherm by 22.6% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 632,673 shares of the auto parts company’s stock worth $29,451,000 after buying an additional 116,500 shares during the period. Finally, FMR LLC increased its stake in Gentherm by 26.8% in the 3rd quarter. FMR LLC now owns 507,598 shares of the auto parts company’s stock worth $23,629,000 after buying an additional 107,322 shares in the last quarter. 97.13% of the stock is currently 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.