Gentherm (NASDAQ:THRM) Shares Gap Down After Earnings Miss

Gentherm Incorporated (NASDAQ:THRM) shares gapped down before the market opened on Wednesday following a dissappointing earnings announcement. The stock had previously closed at $36.15, but opened at $32.50. Gentherm shares last traded at $31.55, with a volume of 191,592 shares traded.

The auto parts company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.38). Gentherm had a return on equity of 14.36% and a net margin of 4.61%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Craig Hallum dropped their target price on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Robert W. Baird decreased their target price on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. StockNews.com upgraded shares of Gentherm from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. dropped their target price on shares of Gentherm from $56.00 to $51.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Gentherm

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP grew its stake in shares of Gentherm by 952.9% in the third quarter. Quarry LP now owns 537 shares of the auto parts company’s stock worth $25,000 after acquiring an additional 486 shares during the last quarter. Signaturefd LLC increased its stake in Gentherm by 233.8% during the 4th quarter. Signaturefd LLC now owns 661 shares of the auto parts company’s stock valued at $26,000 after purchasing an additional 463 shares in the last quarter. Gladius Capital Management LP purchased a new position in Gentherm in the third quarter worth about $44,000. KBC Group NV lifted its stake in shares of Gentherm by 82.2% in the fourth quarter. KBC Group NV now owns 1,822 shares of the auto parts company’s stock worth $73,000 after buying an additional 822 shares in the last quarter. Finally, Headlands Technologies LLC lifted its stake in shares of Gentherm by 117.1% in the fourth quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company’s stock worth $73,000 after buying an additional 991 shares in the last quarter. 97.13% of the stock is owned by hedge funds and other institutional investors.

Gentherm Trading Down 10.8 %

The stock has a market cap of $999.29 million, a PE ratio of 14.98 and a beta of 1.42. The stock’s fifty day moving average price is $39.02 and its 200 day moving average price is $43.19. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.34.

Gentherm Company Profile

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.