Gentherm Inc (NASDAQ:THRM) traded down 5.5% during trading on Thursday following a dissappointing earnings announcement. The stock traded as low as $38.06 and last traded at $39.00, 644,892 shares traded hands during trading. An increase of 200% from the average session volume of 214,858 shares. The stock had previously closed at $41.28.
The auto parts company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). The business had revenue of $243.33 million for the quarter, compared to the consensus estimate of $254.53 million. Gentherm had a net margin of 3.61% and a return on equity of 14.71%. Gentherm’s revenue was down 8.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.58 EPS.
Several equities analysts recently weighed in on the stock. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. BidaskClub raised shares of Xilinx from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Zacks Investment Research lowered shares of Phoenix New Media from a “hold” rating to a “sell” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $44.75.
In other news, VP Kenneth John Phillips sold 3,577 shares of Gentherm stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $42.38, for a total value of $151,593.26. Following the transaction, the vice president now owns 17,069 shares of the company’s stock, valued at $723,384.22. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Frithjof Oldorff sold 10,230 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $38.79, for a total transaction of $396,821.70. Following the completion of the sale, the insider now owns 36,218 shares in the company, valued at approximately $1,404,896.22. The disclosure for this sale can be found here. In the last three months, insiders sold 26,374 shares of company stock worth $1,070,344. Insiders own 1.50% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. NumerixS Investment Technologies Inc grew its stake in shares of Gentherm by 200.0% in the first quarter. NumerixS Investment Technologies Inc now owns 4,200 shares of the auto parts company’s stock worth $156,000 after acquiring an additional 2,800 shares during the last quarter. William Blair Investment Management LLC grew its stake in shares of Gentherm by 4.2% in the first quarter. William Blair Investment Management LLC now owns 338,867 shares of the auto parts company’s stock worth $12,491,000 after acquiring an additional 13,550 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Gentherm by 44.3% in the first quarter. New York State Common Retirement Fund now owns 52,100 shares of the auto parts company’s stock worth $1,920,000 after acquiring an additional 16,000 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Gentherm by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,614,527 shares of the auto parts company’s stock worth $64,548,000 after acquiring an additional 31,233 shares during the last quarter. Finally, Advisor Group Inc. grew its stake in shares of Gentherm by 70.1% in the fourth quarter. Advisor Group Inc. now owns 1,354 shares of the auto parts company’s stock worth $54,000 after acquiring an additional 558 shares during the last quarter.
The firm has a 50 day simple moving average of $40.19. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 19.67 and a beta of 1.34. The company has a current ratio of 2.42, a quick ratio of 1.74 and a debt-to-equity ratio of 0.20.
About Gentherm (NASDAQ:THRM)
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.
