JPMorgan Chase & Co. Trims Gentherm (NASDAQ:THRM) Target Price to $56.00

Gentherm (NASDAQ:THRM) had its price target reduced by JPMorgan Chase & Co. from $60.00 to $56.00 in a research report report published on Monday morning, Benzinga reports. They currently have an underweight rating on the auto parts company’s stock.

Separately, Robert W. Baird dropped their target price on Gentherm from $65.00 to $60.00 and set a neutral rating on the stock in a research report on Friday, July 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $63.50.

Gentherm Price Performance

NASDAQ THRM opened at $49.50 on Monday. The company has a 50 day simple moving average of $50.88 and a 200-day simple moving average of $51.68. Gentherm has a 52-week low of $38.21 and a 52-week high of $66.54. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 33.90 and a beta of 1.46. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.10 and a quick ratio of 1.44.

Gentherm (NASDAQ:THRM) last released its earnings results on Tuesday, April 30th. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.19. Gentherm had a net margin of 3.23% and a return on equity of 13.56%. The company had revenue of $356.00 million during the quarter, compared to the consensus estimate of $361.11 million. During the same quarter in the prior year, the firm earned $0.49 EPS. The company’s revenue was down 2.1% compared to the same quarter last year. Equities research analysts predict that Gentherm will post 2.94 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Phillip Eyler sold 15,000 shares of the company’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $50.40, for a total value of $756,000.00. Following the completion of the sale, the chief executive officer now directly owns 147,317 shares in the company, valued at $7,424,776.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 45,000 shares of company stock worth $2,338,650. 1.91% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Gentherm by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 3,651,904 shares of the auto parts company’s stock valued at $191,214,000 after purchasing an additional 16,513 shares during the last quarter. Trigran Investments Inc. grew its stake in Gentherm by 10.7% in the 4th quarter. Trigran Investments Inc. now owns 1,887,857 shares of the auto parts company’s stock valued at $98,848,000 after buying an additional 183,170 shares during the last quarter. Granahan Investment Management LLC raised its holdings in Gentherm by 61.2% in the 4th quarter. Granahan Investment Management LLC now owns 412,971 shares of the auto parts company’s stock worth $21,623,000 after acquiring an additional 156,842 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Gentherm by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 412,338 shares of the auto parts company’s stock worth $21,590,000 after acquiring an additional 20,600 shares during the last quarter. Finally, Mairs & Power Inc. boosted its holdings in Gentherm by 9.3% during the fourth quarter. Mairs & Power Inc. now owns 395,006 shares of the auto parts company’s stock valued at $20,683,000 after acquiring an additional 33,570 shares during the period. 97.13% of the stock is owned by institutional investors.

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.