Gentherm Inc $THRM Shares Acquired by Inspire Investing LLC

Inspire Investing LLC increased its holdings in Gentherm Inc (NASDAQ:THRM) by 26.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,793 shares of the auto parts company’s stock after acquiring an additional 2,702 shares during the quarter. Inspire Investing LLC’s holdings in Gentherm were worth $342,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Rhumbline Advisers increased its holdings in shares of Gentherm by 0.7% in the 1st quarter. Rhumbline Advisers now owns 91,414 shares of the auto parts company’s stock valued at $2,444,000 after acquiring an additional 656 shares during the period. Jane Street Group LLC grew its position in Gentherm by 389.2% in the 1st quarter. Jane Street Group LLC now owns 84,403 shares of the auto parts company’s stock valued at $2,257,000 after buying an additional 67,150 shares during the last quarter. Caxton Associates LLP purchased a new position in Gentherm in the 1st quarter valued at $319,000. Petrus Trust Company LTA grew its position in Gentherm by 28.8% in the 1st quarter. Petrus Trust Company LTA now owns 28,374 shares of the auto parts company’s stock valued at $759,000 after buying an additional 6,343 shares during the last quarter. Finally, Millennium Management LLC grew its position in Gentherm by 93.4% in the 1st quarter. Millennium Management LLC now owns 155,617 shares of the auto parts company’s stock valued at $4,161,000 after buying an additional 75,170 shares during the last quarter. 97.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Gentherm

In other news, SVP Barbara J. Runyon sold 3,348 shares of the company’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 completion of the transaction, the senior vice president owned 31,316 shares of the company’s stock, valued at $1,090,423.12. This represents a 9.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.40% of the stock is currently owned by corporate insiders.

Gentherm Price Performance

Gentherm stock opened at $35.54 on Thursday. Gentherm Inc has a 52 week low of $22.75 and a 52 week high of $51.00. The company has a quick ratio of 1.35, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. The firm’s 50-day simple moving average is $34.11 and its 200 day simple moving average is $29.90. The firm has a market capitalization of $1.08 billion, a PE ratio of 34.84 and a beta of 1.42.

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 firm had revenue of $375.09 million during the quarter, compared to analyst estimates of $358.09 million. During the same period in the previous year, the firm posted $0.66 EPS. 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, equities research analysts predict that Gentherm Inc will post 3.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on THRM shares. Robert W. Baird lifted 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 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, JPMorgan Chase & Co. lifted their price objective on shares of Gentherm from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average 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.