Gentherm (NASDAQ:THRM) Price Target Lowered to $65.00 at Robert W. Baird

Gentherm (NASDAQ:THRM - Get Free Report) had its price target lowered by stock analysts at Robert W. Baird from $67.00 to $65.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a "neutral" rating on the auto parts company's stock. Robert W. Baird's target price would suggest a potential upside of 25.19% from the company's current price.

Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. reduced their target price on Gentherm from $63.00 to $60.00 and set an "underweight" rating on the stock in a report on Monday, April 22nd. StockNews.com upgraded Gentherm from a "hold" rating to a "buy" rating in a report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $65.75.

Gentherm Trading Up 2.7 %

Gentherm stock traded up $1.35 during mid-day trading on Wednesday, hitting $51.92. The stock had a trading volume of 238,041 shares, compared to its average volume of 183,464. The stock has a 50-day simple moving average of $54.27 and a two-hundred day simple moving average of $50.49. The stock has a market capitalization of $1.64 billion, a PE ratio of 42.21 and a beta of 1.49. Gentherm has a 12 month low of $38.21 and a 12 month high of $66.54. The company has a current ratio of 2.12, a quick ratio of 1.48 and a debt-to-equity ratio of 0.34.

Gentherm (NASDAQ:THRM - Get Free Report) last issued 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 return on equity of 12.91% and a net margin of 2.75%. The firm had revenue of $356.00 million for the quarter, compared to analysts' expectations of $361.11 million. During the same quarter last year, the business earned $0.49 earnings per share. The company's revenue was down 2.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Gentherm will post 2.8 EPS for the current year.

Insider Activity

In other news, CEO Phillip Eyler sold 15,000 shares of Gentherm stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $55.17, for a total transaction of $827,550.00. Following the transaction, the chief executive officer now owns 147,317 shares in the company, valued at approximately $8,127,478.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.91% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC increased its position in shares of Gentherm by 211.4% during the 4th quarter. Quadrant Capital Group LLC now owns 1,149 shares of the auto parts company's stock worth $60,000 after purchasing an additional 780 shares during the last quarter. TFO Wealth Partners LLC increased its position in shares of Gentherm by 44,050.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,766 shares of the auto parts company's stock worth $92,000 after purchasing an additional 1,762 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Gentherm by 14.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,123 shares of the auto parts company's stock worth $115,000 after purchasing an additional 276 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in shares of Gentherm during the 3rd quarter worth approximately $207,000. Finally, Panagora Asset Management Inc. acquired a new position in shares of Gentherm during the 3rd quarter worth approximately $210,000. Institutional investors and hedge funds own 97.13% of the company's stock.

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.