Gentherm Inc. (THRM) Earns Hold Rating from FBR & Co

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Gentherm Inc. (NASDAQ:THRM)‘s stock had its “hold” rating reaffirmed by equities research analysts at FBR & Co in a report released on Friday.
Other analysts have also recently issued reports about the stock. Argus reaffirmed a “buy” rating and set a $44.00 price target on shares of Gentherm in a research report on Tuesday, June 14th. Zacks Investment Research raised shares of Gentherm from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. Roth Capital cut shares of Gentherm from a “buy” rating to a “neutral” rating and upped their price target for the stock from $33.00 to $53.00 in a research report on Friday, July 29th. Buckingham Research cut shares of Gentherm from a “buy” rating to a “neutral” rating in a research report on Friday, July 29th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Gentherm from $48.00 to $44.00 and set an “overweight” rating for the company in a research report on Friday, July 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Gentherm presently has a consensus rating of “Hold” and an average target price of $45.00.
Shares of Gentherm (NASDAQ:THRM) traded down 1.240% during midday trading on Friday, hitting $30.675. The company had a trading volume of 178,354 shares. The company has a 50-day moving average of $33.09 and a 200-day moving average of $37.17. The company has a market capitalization of $1.12 billion, a PE ratio of 12.949 and a beta of 1.78. Gentherm has a 12 month low of $29.78 and a 12 month high of $51.71.

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Gentherm (NASDAQ:THRM) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by $0.07. During the same period last year, the business posted $0.54 earnings per share. The company had revenue of $232.72 million for the quarter, compared to analysts’ expectations of $240.54 million. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. Analysts predict that Gentherm will post $1.99 earnings per share for the current year.
In other news, VP Erin Erwine Ascher sold 1,009 shares of the company’s stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $36.89, for a total value of $37,222.01. Following the sale, the vice president now owns 12,600 shares in the company, valued at approximately $464,814. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.41% of the stock is currently owned by company insiders.
Several large investors recently modified their holdings of THRM. Kornitzer Capital Management Inc. KS raised its stake in shares of Gentherm by 12.7% in the second quarter. Kornitzer Capital Management Inc. KS now owns 794,200 shares of the company’s stock worth $27,201,000 after buying an additional 89,526 shares during the period. Henderson Group PLC raised its stake in shares of Gentherm by 58.0% in the second quarter. Henderson Group PLC now owns 173,353 shares of the company’s stock worth $5,937,000 after buying an additional 63,661 shares during the period. Rock Point Advisors LLC raised its stake in shares of Gentherm by 64.6% in the second quarter. Rock Point Advisors LLC now owns 85,225 shares of the company’s stock worth $2,919,000 after buying an additional 33,435 shares during the period. Rice Hall James & Associates LLC bought a new stake in shares of Gentherm during the second quarter worth about $8,639,000. Finally, Capital Fund Management S.A. bought a new stake in shares of Gentherm during the second quarter worth about $257,000. Institutional investors and hedge funds own 97.36% of the company’s stock.
Gentherm Company Profile
Gentherm Incorporated (Gentherm) is a global technology company, which is engaged in the design, development, and manufacturing of innovative thermal management technologies and automotive cable systems. The Company has two segments: Automotive and Industrial. The Automotive segment comprises Gentherm’s three geographic operating segments: North America, Europe and Asia.

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