Gentherm (NASDAQ:THRM) Trading 7.8% Higher Following Earnings Beat

Shares of Gentherm Inc (NASDAQ:THRM) traded up 7.8% during mid-day trading on Thursday following a better than expected earnings announcement. The company traded as high as $37.49 and last traded at $37.02. 66,939 shares were traded during trading, a decline of 77% from the average session volume of 289,178 shares. The stock had previously closed at $34.35.

The auto parts company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.09. The company had revenue of $386.87 million for the quarter, compared to the consensus estimate of $374.75 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 up 4.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.75 earnings per share. Gentherm has set its FY 2025 guidance at EPS.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Baird R W upgraded Gentherm from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 11th. Zacks Research downgraded Gentherm from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. upped their price objective on Gentherm from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday. Robert W. Baird upped their price objective on Gentherm from $28.00 to $35.00 and gave the company an “outperform” rating in a research report on Friday, July 11th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Gentherm in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $47.67.

Insider Buying and Selling at Gentherm

In other news, SVP Barbara J. Runyon sold 3,348 shares of the 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 sale, the senior vice president directly owned 31,316 shares in the company, valued at approximately $1,090,423.12. This represents a 9.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Gentherm

Several hedge funds and other institutional investors have recently modified their holdings of the business. Trigran Investments Inc. raised its holdings in shares of Gentherm by 11.0% in the first quarter. Trigran Investments Inc. now owns 2,210,388 shares of the auto parts company’s stock worth $59,106,000 after buying an additional 219,450 shares during the period. Global Alpha Capital Management Ltd. raised its holdings in shares of Gentherm by 23.5% in the second quarter. Global Alpha Capital Management Ltd. now owns 1,109,383 shares of the auto parts company’s stock worth $31,384,000 after buying an additional 211,300 shares during the period. GW&K Investment Management LLC raised its holdings in shares of Gentherm by 4.3% in the first quarter. GW&K Investment Management LLC now owns 902,263 shares of the auto parts company’s stock worth $24,126,000 after buying an additional 37,552 shares during the period. Geode Capital Management LLC raised its holdings in shares of Gentherm by 4.4% in the second quarter. Geode Capital Management LLC now owns 762,709 shares of the auto parts company’s stock worth $21,579,000 after buying an additional 32,140 shares during the period. Finally, Segall Bryant & Hamill LLC raised its holdings in shares of Gentherm by 32.3% in the second quarter. Segall Bryant & Hamill LLC now owns 679,879 shares of the auto parts company’s stock worth $19,234,000 after buying an additional 166,057 shares during the period. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

Gentherm Stock Performance

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 firm has a fifty day moving average price of $35.32 and a two-hundred day moving average price of $30.81. The stock has a market capitalization of $1.13 billion, a PE ratio of 36.43 and a beta of 1.39.

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.