JPMorgan Chase & Co. Trims Gentherm (NASDAQ:THRM) Target Price to $60.00

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

A number of other analysts have also recently weighed in on the stock. StockNews.com upgraded shares of Gentherm from a hold rating to a buy rating in a research note on Thursday, February 22nd. Robert W. Baird increased their price target on shares of Gentherm from $60.00 to $66.00 and gave the stock a neutral rating in a research note on Thursday, February 22nd. One investment 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’s stock. Based on data from MarketBeat.com, Gentherm currently has a consensus rating of Hold and an average price target of $66.00.

Gentherm Trading Down 1.4 %

Shares of Gentherm stock opened at $50.01 on Monday. The company has a fifty day simple moving average of $54.36 and a 200-day simple moving average of $50.62. Gentherm has a 12-month low of $38.21 and a 12-month high of $66.54. The company has a current ratio of 2.12, a quick ratio of 1.48 and a debt-to-equity ratio of 0.34. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 40.66 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 for the quarter, topping analysts’ consensus estimates of $0.54 by $0.36. The firm had revenue of $366.93 million during the quarter, compared to analysts’ expectations of $364.40 million. Gentherm had a net margin of 2.75% and a return on equity of 12.91%. Gentherm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.47 EPS. On average, equities analysts forecast that Gentherm will post 2.81 EPS for the current fiscal year.

Insider Transactions at Gentherm

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. Company insiders own 1.91% of the company’s stock.

Institutional Trading of Gentherm

Hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC lifted its stake in shares of Gentherm by 211.4% in the 4th quarter. Quadrant Capital Group LLC now owns 1,149 shares of the auto parts company’s stock worth $60,000 after acquiring an additional 780 shares during the period. TFO Wealth Partners LLC increased its holdings in shares of Gentherm by 44,050.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,766 shares of the auto parts company’s stock valued at $92,000 after purchasing an additional 1,762 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Gentherm by 14.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,123 shares of the auto parts company’s stock valued at $115,000 after purchasing an additional 276 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of Gentherm in the 3rd quarter valued at about $207,000. Finally, Panagora Asset Management Inc. purchased a new position in shares of Gentherm in the 3rd quarter valued at about $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.