Robert W. Baird Has Lowered Expectations for Gentherm (NASDAQ:THRM) Stock Price

Gentherm (NASDAQ:THRM - Free Report) had its target price trimmed by Robert W. Baird from $39.00 to $27.00 in a report issued on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the auto parts company's stock.

Other analysts also recently issued reports about the company. StockNews.com downgraded Gentherm from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. lowered their target price on Gentherm from $56.00 to $51.00 and set a "neutral" rating for the company in a report on Monday, January 27th.

Gentherm Trading Up 3.0 %

NASDAQ THRM traded up $0.72 on Tuesday, reaching $24.39. The company had a trading volume of 360,652 shares, compared to its average volume of 228,514. The firm has a market cap of $750.94 million, a price-to-earnings ratio of 11.78 and a beta of 1.46. Gentherm has a fifty-two week low of $22.75 and a fifty-two week high of $56.72. The business has a 50 day moving average of $29.66 and a two-hundred day moving average of $36.98. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.38.

Gentherm (NASDAQ:THRM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The auto parts company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.68 by ($0.39). Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The company had revenue of $352.91 million during the quarter, compared to analyst estimates of $360.29 million. During the same period in the prior year, the firm earned $0.90 earnings per share. Gentherm's revenue was down 3.8% compared to the same quarter last year. Analysts forecast that Gentherm will post 3.1 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC grew its position in Gentherm by 233.8% in the 4th quarter. Signaturefd LLC now owns 661 shares of the auto parts company's stock valued at $26,000 after purchasing an additional 463 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Gentherm in the 1st quarter worth about $26,000. Versant Capital Management Inc acquired a new position in Gentherm during the 1st quarter valued at about $28,000. GAMMA Investing LLC increased its holdings in Gentherm by 332.4% during the 1st quarter. GAMMA Investing LLC now owns 2,106 shares of the auto parts company's stock worth $56,000 after purchasing an additional 1,619 shares in the last quarter. Finally, Quarry LP lifted its holdings in shares of Gentherm by 226.8% in the fourth quarter. Quarry LP now owns 1,755 shares of the auto parts company's stock valued at $70,000 after purchasing an additional 1,218 shares in the last quarter. Institutional investors own 97.13% of the company's stock.

Gentherm Company Profile

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.