Rhumbline Advisers Has $2.44 Million Holdings in Gentherm Inc $THRM

Rhumbline Advisers grew its holdings in shares of Gentherm Inc (NASDAQ:THRM) by 0.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 91,414 shares of the auto parts company’s stock after purchasing an additional 656 shares during the period. Rhumbline Advisers owned about 0.30% of Gentherm worth $2,444,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Jane Street Group LLC boosted its position in shares of Gentherm by 389.2% during the 1st quarter. Jane Street Group LLC now owns 84,403 shares of the auto parts company’s stock worth $2,257,000 after acquiring an additional 67,150 shares in the last quarter. Caxton Associates LLP acquired a new stake in shares of Gentherm during the 1st quarter worth approximately $319,000. Petrus Trust Company LTA boosted its position in shares of Gentherm by 28.8% during the 1st quarter. Petrus Trust Company LTA now owns 28,374 shares of the auto parts company’s stock worth $759,000 after acquiring an additional 6,343 shares in the last quarter. Millennium Management LLC boosted its position in shares of Gentherm by 93.4% during the 1st quarter. Millennium Management LLC now owns 155,617 shares of the auto parts company’s stock worth $4,161,000 after acquiring an additional 75,170 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Gentherm by 5.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,613 shares of the auto parts company’s stock worth $2,904,000 after acquiring an additional 5,824 shares in the last quarter. Institutional investors and hedge funds own 97.13% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Barbara J. Runyon sold 3,348 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $34.82, for a total transaction 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. The trade was a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

THRM has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price target on shares of Gentherm from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Baird R W upgraded shares of Gentherm from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 11th. Wall Street Zen upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Zacks Research lowered shares of Gentherm from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 20th. Finally, Robert W. Baird raised their target price 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. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $46.00.

Gentherm Stock Up 0.7%

Shares of NASDAQ THRM opened at $35.49 on Wednesday. The stock has a market capitalization of $1.08 billion, a P/E ratio of 34.79 and a beta of 1.42. The company has a 50-day moving average price of $34.01 and a 200-day moving average price of $29.86. Gentherm Inc has a 1 year low of $22.75 and a 1 year high of $51.00. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.35.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Thursday, July 24th. The auto parts company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $358.09 million. During the same quarter in the prior year, the business earned $0.66 earnings per share. The firm’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 research analysts forecast that Gentherm Inc will post 3.1 EPS for the current fiscal 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.