Gentherm (NASDAQ:THRM) Stock Price Down 4.6% - Here's Why

Shares of Gentherm Incorporated (NASDAQ:THRM - Get Free Report) fell 4.6% during trading on Monday . The company traded as low as $26.10 and last traded at $26.12. 109,466 shares changed hands during trading, a decline of 58% from the average session volume of 258,168 shares. The stock had previously closed at $27.37.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Robert W. Baird raised their price objective on shares of Gentherm from $27.00 to $28.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. Wall Street Zen cut shares of Gentherm from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 26th.

Gentherm Price Performance

The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average of $26.00 and a 200 day moving average of $33.32. The firm has a market capitalization of $834.76 million, a PE ratio of 13.07 and a beta of 1.42.

Gentherm (NASDAQ:THRM - Get Free Report) last announced its earnings results on Thursday, April 24th. The auto parts company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. Gentherm had a net margin of 4.46% and a return on equity of 11.43%. The company had revenue of $353.85 million during the quarter, compared to the consensus estimate of $347.39 million. During the same quarter in the prior year, the company posted $0.62 earnings per share. The firm's revenue for the quarter was down .6% on a year-over-year basis. As a group, research analysts anticipate that Gentherm Incorporated will post 3.1 EPS for the current fiscal year.

Insider Transactions at Gentherm

In other news, CEO William T. Presley purchased 3,000 shares of the business's stock in a transaction dated Friday, April 25th. The stock was bought at an average price of $24.67 per share, for a total transaction of $74,010.00. Following the purchase, the chief executive officer now owns 161,103 shares of the company's stock, valued at $3,974,411.01. The trade was a 1.90% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Gentherm

Several institutional investors have recently added to or reduced their stakes in THRM. Rhumbline Advisers raised its position in shares of Gentherm by 0.3% in the fourth quarter. Rhumbline Advisers now owns 90,758 shares of the auto parts company's stock valued at $3,623,000 after purchasing an additional 277 shares during the period. Comerica Bank grew its stake in Gentherm by 1.4% in the 4th quarter. Comerica Bank now owns 21,012 shares of the auto parts company's stock valued at $839,000 after buying an additional 300 shares in the last quarter. Signaturefd LLC raised its holdings 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 acquiring an additional 463 shares during the period. US Bancorp DE lifted its position in shares of Gentherm by 20.2% during the first quarter. US Bancorp DE now owns 3,364 shares of the auto parts company's stock worth $90,000 after acquiring an additional 565 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of Gentherm by 82.2% during the fourth quarter. KBC Group NV now owns 1,822 shares of the auto parts company's stock worth $73,000 after acquiring an additional 822 shares in the last quarter. 97.13% of the stock is owned by hedge funds and other institutional investors.

About Gentherm

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.