Northern Trust Corp Lowers Position in Gentherm Inc $THRM

Northern Trust Corp lessened its position in Gentherm Inc (NASDAQ:THRM) by 4.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 366,785 shares of the auto parts company’s stock after selling 18,771 shares during the quarter. Northern Trust Corp owned 1.19% of Gentherm worth $9,808,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in THRM. Hsbc Holdings PLC increased its stake in Gentherm by 41.9% in the fourth quarter. Hsbc Holdings PLC now owns 8,985 shares of the auto parts company’s stock valued at $357,000 after acquiring an additional 2,654 shares during the last quarter. Comerica Bank increased its stake in Gentherm by 1.4% in the fourth quarter. Comerica Bank now owns 21,012 shares of the auto parts company’s stock valued at $839,000 after acquiring an additional 300 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Gentherm by 21.7% in the fourth quarter. Ameriprise Financial Inc. now owns 350,050 shares of the auto parts company’s stock valued at $13,976,000 after acquiring an additional 62,483 shares during the last quarter. Bank of America Corp DE increased its stake in Gentherm by 22.0% in the fourth quarter. Bank of America Corp DE now owns 140,869 shares of the auto parts company’s stock valued at $5,624,000 after acquiring an additional 25,432 shares during the last quarter. Finally, Captrust Financial Advisors grew its stake in shares of Gentherm by 28.3% during the fourth quarter. Captrust Financial Advisors now owns 10,647 shares of the auto parts company’s stock valued at $425,000 after buying an additional 2,351 shares during the last quarter. Institutional investors own 97.13% of the company’s stock.

Gentherm Stock Up 0.6%

NASDAQ THRM opened at $36.06 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.35. The stock has a market capitalization of $1.10 billion, a PE ratio of 35.35 and a beta of 1.42. Gentherm Inc has a 1 year low of $22.75 and a 1 year high of $51.00. The business’s 50-day moving average is $33.24 and its 200 day moving average is $29.78.

Gentherm (NASDAQ:THRM) last posted its 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). The business had revenue of $375.09 million during the quarter, compared to the consensus estimate of $358.09 million. Gentherm had a return on equity of 9.90% and a net margin of 2.18%.The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.66 earnings per share. Gentherm has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Gentherm Inc will post 3.1 earnings per share for the current year.

Insider Activity

In related news, SVP Barbara J. Runyon sold 3,348 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $34.82, for a total value of $116,577.36. Following the sale, the senior vice president directly owned 31,316 shares of the company’s stock, valued at $1,090,423.12. This trade represents a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is owned by insiders.

Analysts Set New Price Targets

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