Published On: Sat, Sep 10th, 2016

Gentherm’s (THRM) Equal Weight Rating Reiterated at KeyCorp

Gentherm Inc. (NASDAQ:THRM)‘s stock had its “equal weight” rating reissued by KeyCorp in a research report issued on Friday.
THRM has been the subject of several other reports. Zacks Investment Research cut Gentherm from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. Barrington Research cut Gentherm from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 28th. JPMorgan Chase & Co. reduced their target price on Gentherm from $48.00 to $44.00 and set an “overweight” rating for the company in a research report on Friday, July 29th. Buckingham Research cut Gentherm from a “buy” rating to a “neutral” rating in a research report on Friday, July 29th. Finally, FBR & Co reduced their target price on Gentherm from $49.00 to $42.00 and set a “market perform” rating for the company in a research report on Friday, July 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $45.00.
Gentherm (NASDAQ:THRM) opened at 30.71 on Friday. The stock’s 50 day moving average price is $32.84 and its 200-day moving average price is $37.08. The company has a market capitalization of $1.12 billion, a P/E ratio of 12.96 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 posted its earnings results on Thursday, July 28th. The company reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by $0.07. Gentherm had a return on equity of 20.22% and a net margin of 9.77%. The business had revenue of $232.72 million for the quarter, compared to analysts’ expectations of $240.54 million. During the same quarter in the previous year, the firm earned $0.54 earnings per share. Gentherm’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, equities research analysts predict that Gentherm will post $1.99 EPS for the current fiscal year.
In other news, VP Erin Erwine Ascher sold 1,009 shares of the business’s stock in a transaction dated Tuesday, June 14th. The stock was sold at an average price of $36.89, for a total value of $37,222.01. Following the completion of the sale, the vice president now owns 12,600 shares of the company’s stock, valued at approximately $464,814. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.41% of the stock is owned by insiders.
Several large investors recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Gentherm by 85.3% in the first quarter. BlackRock Inc. now owns 2,477 shares of the company’s stock worth $103,000 after buying an additional 1,140 shares during the period. Springbok Capital Management LLC raised its stake in Gentherm by 4.0% in the first quarter. Springbok Capital Management LLC now owns 2,600 shares of the company’s stock worth $108,000 after buying an additional 100 shares during the period. Schonfeld Strategic Advisors LLC bought a new stake in Gentherm during the first quarter worth $213,000. Fox Run Management L.L.C. bought a new stake in Gentherm during the second quarter worth $229,000. Finally, Palouse Capital Management Inc. bought a new stake in Gentherm during the second quarter worth $244,000. 97.36% of the stock is owned by institutional investors.
About Gentherm
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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