Russell Investments Group Ltd. Purchases 14,998 Shares of Gentherm Inc $THRM

Russell Investments Group Ltd. lifted its position in shares of Gentherm Inc (NASDAQ:THRM) by 21.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,243 shares of the auto parts company’s stock after purchasing an additional 14,998 shares during the period. Russell Investments Group Ltd. owned about 0.27% of Gentherm worth $2,253,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in THRM. FNY Investment Advisers LLC bought a new stake in shares of Gentherm during the first quarter worth about $26,000. Versant Capital Management Inc bought a new stake in shares of Gentherm during the first quarter worth about $28,000. GAMMA Investing LLC grew its holdings in shares of Gentherm by 332.4% during the first 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 during the last quarter. Quarry LP grew its holdings in shares of Gentherm by 226.8% during the fourth quarter. Quarry LP now owns 1,755 shares of the auto parts company’s stock worth $70,000 after purchasing an additional 1,218 shares during the last quarter. Finally, US Bancorp DE grew its holdings in shares of Gentherm by 20.2% during the first quarter. US Bancorp DE now owns 3,364 shares of the auto parts company’s stock worth $90,000 after purchasing an additional 565 shares during the last quarter. 97.13% of the stock is currently owned by institutional investors.

Insider Transactions at Gentherm

In other Gentherm news, SVP Barbara J. Runyon sold 3,348 shares of the business’s 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 of the company’s stock, valued at approximately $1,090,423.12. The trade was a 9.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.40% of the company’s stock.

Gentherm Price Performance

Shares of THRM opened at $36.76 on Tuesday. Gentherm Inc has a 52-week low of $22.75 and a 52-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 business’s 50 day moving average price is $31.67 and its two-hundred day moving average price is $29.65. The firm has a market cap of $1.12 billion, a PE ratio of 36.04 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 earnings per share (EPS) 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 business had revenue of $375.09 million during the quarter, compared to analyst estimates of $358.09 million. During the same period last year, the firm posted $0.66 earnings per share. Gentherm’s quarterly revenue was down .2% compared to the same quarter last year. Gentherm has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Gentherm Inc will post 3.1 EPS for the current year.

Analyst Upgrades and Downgrades

THRM has been the topic of a number of recent analyst reports. Zacks Research lowered Gentherm from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 20th. Robert W. Baird lifted their price objective on Gentherm from $28.00 to $35.00 and gave the stock an “outperform” rating in a research note on Friday, July 11th. Baird R W raised Gentherm from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 11th. Wall Street Zen lowered Gentherm from a “buy” rating to a “hold” rating in a research note on Friday. Finally, JPMorgan Chase & Co. lifted their price objective on Gentherm from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.00.

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.