Allspring Global Investments Holdings LLC Sells 58,171 Shares of Gentherm Inc $THRM

Allspring Global Investments Holdings LLC decreased its holdings in shares of Gentherm Inc (NASDAQ:THRM) by 25.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 166,220 shares of the auto parts company’s stock after selling 58,171 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.54% of Gentherm worth $4,702,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. US Bancorp DE increased its holdings in Gentherm by 20.2% during the 1st 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 period. Rhumbline Advisers increased its holdings in Gentherm by 0.7% during the 1st quarter. Rhumbline Advisers now owns 91,414 shares of the auto parts company’s stock worth $2,444,000 after purchasing an additional 656 shares during the period. Inspire Investing LLC increased its holdings in Gentherm by 7.4% during the 2nd quarter. Inspire Investing LLC now owns 13,734 shares of the auto parts company’s stock worth $389,000 after purchasing an additional 941 shares during the period. Natixis Advisors LLC boosted its position in Gentherm by 7.3% during the 1st quarter. Natixis Advisors LLC now owns 14,879 shares of the auto parts company’s stock valued at $398,000 after acquiring an additional 1,015 shares in the last quarter. Finally, Central Pacific Bank Trust Division boosted its position in Gentherm by 16.8% during the 2nd quarter. Central Pacific Bank Trust Division now owns 7,227 shares of the auto parts company’s stock valued at $204,000 after acquiring an additional 1,042 shares in the last quarter. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on THRM shares. Wall Street Zen raised Gentherm from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Gentherm in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on Gentherm from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday. Robert W. Baird increased their target price on Gentherm from $28.00 to $35.00 and gave the company an “outperform” rating in a research report on Friday, July 11th. Finally, Baird R W upgraded Gentherm from a “hold” rating to a “strong-buy” rating in a report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $47.67.

Gentherm Trading Up 1.7%

THRM stock opened at $34.71 on Tuesday. The company has a current ratio of 2.01, a quick ratio of 1.35 and a debt-to-equity ratio of 0.30. The business’s 50-day moving average is $35.30 and its 200 day moving average is $30.67. Gentherm Inc has a 12-month low of $22.75 and a 12-month high of $47.00. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 34.03 and a beta of 1.39.

Gentherm (NASDAQ:THRM) last released its earnings results on Thursday, July 24th. The auto parts company reported $0.54 earnings per share 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 business had revenue of $375.09 million during the quarter, compared to analysts’ expectations of $358.09 million. During the same period last year, the business earned $0.66 earnings per share. 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, sell-side analysts anticipate that Gentherm Inc will post 3.1 EPS for the current fiscal year.

Insider Activity at Gentherm

In other news, SVP Barbara J. Runyon sold 3,348 shares of Gentherm stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $34.82, for a total transaction of $116,577.36. Following the sale, the senior vice president 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.40% of the company’s stock.

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.