Gentherm Inc $THRM Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. raised its stake in Gentherm Inc (NASDAQ:THRM) by 21.9% during the first quarter, Holdings Channel.com reports. The firm owned 14,104 shares of the auto parts company’s stock after purchasing an additional 2,536 shares during the quarter. Advisors Asset Management Inc.’s holdings in Gentherm were worth $377,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new stake in Gentherm in the 1st quarter valued at about $26,000. Versant Capital Management Inc purchased a new position in shares of Gentherm in the 1st quarter valued at about $28,000. GAMMA Investing LLC increased its holdings in shares of Gentherm by 332.4% in the 1st quarter. GAMMA Investing LLC now owns 2,106 shares of the auto parts company’s stock valued at $56,000 after acquiring an additional 1,619 shares during the last quarter. US Bancorp DE increased its holdings in shares of Gentherm by 20.2% in the 1st quarter. US Bancorp DE now owns 3,364 shares of the auto parts company’s stock valued at $90,000 after acquiring an additional 565 shares during the last quarter. Finally, Palouse Capital Management Inc. increased its holdings in shares of Gentherm by 65.4% in the 1st quarter. Palouse Capital Management Inc. now owns 5,930 shares of the auto parts company’s stock valued at $159,000 after acquiring an additional 2,345 shares during the last quarter. Institutional investors and hedge funds own 97.13% of the company’s stock.

Insider Buying and Selling at Gentherm

In other Gentherm news, SVP Barbara J. Runyon sold 3,348 shares of Gentherm stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $34.82, for a total value of $116,577.36. Following the transaction, the senior vice president directly owned 31,316 shares in the company, valued at approximately $1,090,423.12. This trade represents a 9.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on THRM. Zacks Research downgraded Gentherm from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 20th. JPMorgan Chase & Co. increased their price objective on Gentherm from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Wall Street Zen upgraded Gentherm from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Baird R W upgraded Gentherm from a “hold” rating to a “strong-buy” rating in a report on Friday, July 11th. Finally, Robert W. Baird raised their price objective on Gentherm from $28.00 to $35.00 and gave the stock an “outperform” rating in a report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Gentherm presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.00.

Gentherm Trading Up 2.8%

NASDAQ:THRM opened at $36.01 on Friday. The stock’s 50 day moving average price is $33.72 and its 200 day moving average price is $29.84. Gentherm Inc has a 52-week low of $22.75 and a 52-week high of $51.00. The company has a market capitalization of $1.10 billion, a PE ratio of 35.30 and a beta of 1.42. The company has a quick ratio of 1.35, a current ratio of 2.01 and a debt-to-equity ratio of 0.30.

Gentherm (NASDAQ:THRM) last announced its earnings results on Thursday, July 24th. The auto parts company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.05). Gentherm had a net margin of 2.18% and a return on equity of 9.90%. The company had revenue of $375.09 million during the quarter, compared to analysts’ expectations of $358.09 million. During the same quarter last year, the business posted $0.66 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year. Gentherm has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Gentherm Inc will post 3.1 EPS for the current year.

Gentherm 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.