According to Zacks, “Gentherm Inc. is a developer and marketer of innovative thermal management technologies for a broad range of heating and cooling and temperature control applications. The Company offers heated seating, climate seating, electronics, and cables for the automotive markets. It is also building thermoelectric generators to capture the heat and convert it into electricity for various applications in automotive, industrial, and materials sectors. Gentherm Inc., formerly known as Amerigon Incorporated, is based in Northville, Michigan. “
Several other equities research analysts have also recently weighed in on THRM. Argus cut Gentherm from a buy rating to a hold rating in a research note on Monday, July 29th. BidaskClub raised Gentherm from a sell rating to a hold rating in a research note on Wednesday, July 24th. ValuEngine raised Gentherm from a hold rating to a buy rating in a research note on Tuesday, July 2nd. Finally, TheStreet cut Gentherm from a b- rating to a c+ rating in a research note on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. Gentherm currently has an average rating of Hold and an average price target of $43.67.
Gentherm (NASDAQ:THRM) last posted its earnings results on Thursday, July 25th. The auto parts company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). The firm had revenue of $243.33 million during the quarter, compared to the consensus estimate of $254.53 million. Gentherm had a net margin of 2.31% and a return on equity of 14.49%. Gentherm’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.58 earnings per share. As a group, analysts predict that Gentherm will post 2.1 earnings per share for the current fiscal year.
In other news, insider Frithjof Oldorff sold 10,230 shares of the stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $38.79, for a total value of $396,821.70. Following the completion of the sale, the insider now owns 36,218 shares of the company’s stock, valued at $1,404,896.22. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Kenneth John Phillips sold 1,345 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $39.46, for a total value of $53,073.70. Following the completion of the sale, the vice president now directly owns 16,069 shares of the company’s stock, valued at approximately $634,082.74. The disclosure for this sale can be found here. In the last three months, insiders sold 15,152 shares of company stock valued at $601,489. Insiders own 1.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Piedmont Investment Advisors Inc. grew its stake in Gentherm by 3.0% during the first quarter. Piedmont Investment Advisors Inc. now owns 8,553 shares of the auto parts company’s stock worth $315,000 after purchasing an additional 252 shares during the period. Zions Bancorporation N.A. grew its stake in Gentherm by 6.5% during the second quarter. Zions Bancorporation N.A. now owns 4,553 shares of the auto parts company’s stock worth $190,000 after purchasing an additional 276 shares during the period. Chatham Capital Group Inc. grew its stake in Gentherm by 0.7% during the first quarter. Chatham Capital Group Inc. now owns 45,914 shares of the auto parts company’s stock worth $1,692,000 after purchasing an additional 303 shares during the period. Arizona State Retirement System grew its stake in Gentherm by 0.6% during the second quarter. Arizona State Retirement System now owns 52,237 shares of the auto parts company’s stock worth $2,185,000 after purchasing an additional 315 shares during the period. Finally, Comerica Bank grew its stake in Gentherm by 0.7% during the first quarter. Comerica Bank now owns 45,223 shares of the auto parts company’s stock worth $1,828,000 after purchasing an additional 325 shares during the period.
Gentherm, Inc engages in the design, development, manufacture, and marketing of heating, cooling, and ventilating devices. It operates through the following business segments: Automotive and Industrial.. The Automotive segment designs, develops, produces, and sells automotive seat comfort systems, specialized automotive cable systems, and automotive and non-automotive thermal convenience products.
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