Swiss National Bank Cuts Holdings in Gentherm Inc $THRM

Swiss National Bank decreased its holdings in Gentherm Inc (NASDAQ:THRM) by 2.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,000 shares of the auto parts company’s stock after selling 1,600 shares during the period. Swiss National Bank owned about 0.19% of Gentherm worth $1,604,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. FNY Investment Advisers LLC purchased a new stake in shares of Gentherm during the first quarter valued at $26,000. Versant Capital Management Inc bought a new position in Gentherm during the 1st quarter valued at about $28,000. GAMMA Investing LLC boosted its holdings in shares of Gentherm by 332.4% during 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. Quarry LP boosted its holdings in shares of Gentherm by 226.8% during the 4th quarter. Quarry LP now owns 1,755 shares of the auto parts company’s stock valued at $70,000 after acquiring an additional 1,218 shares during the last quarter. Finally, US Bancorp DE grew its stake in shares of Gentherm by 20.2% in 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 during the period. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Robert W. Baird increased their price objective on shares of Gentherm from $28.00 to $35.00 and gave the company an “outperform” rating in a research report on Friday, July 11th. Baird R W upgraded shares of Gentherm from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 11th. Zacks Research downgraded Gentherm from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 20th. JPMorgan Chase & Co. lifted their price objective on Gentherm from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Finally, Wall Street Zen cut Gentherm from a “buy” rating to a “hold” rating in a research report on Friday. One equities 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $46.00.

Gentherm Price Performance

NASDAQ THRM opened at $36.51 on Monday. The business’s fifty day moving average is $31.49 and its 200 day moving average is $29.65. Gentherm Inc has a fifty-two week low of $22.75 and a fifty-two week high of $51.73. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.35 and a current ratio of 2.01. The company has a market capitalization of $1.11 billion, a PE ratio of 35.79 and a beta of 1.45.

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