Creative Planning Acquires 56,030 Shares of Gentherm Inc $THRM

Creative Planning boosted its holdings in shares of Gentherm Inc (NASDAQ:THRM) by 175.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,028 shares of the auto parts company’s stock after purchasing an additional 56,030 shares during the period. Creative Planning owned 0.29% of Gentherm worth $2,490,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of THRM. Trigran Investments Inc. grew its holdings in shares of Gentherm by 11.0% during the first quarter. Trigran Investments Inc. now owns 2,210,388 shares of the auto parts company’s stock worth $59,106,000 after purchasing an additional 219,450 shares during the last quarter. Global Alpha Capital Management Ltd. lifted its position in Gentherm by 23.5% during the 2nd 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 in the last quarter. Bastion Asset Management Inc. bought a new stake in Gentherm during the 2nd quarter worth about $5,032,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Gentherm in the 1st quarter valued at about $3,066,000. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Gentherm by 212.8% in the first quarter. Cubist Systematic Strategies LLC now owns 147,064 shares of the auto parts company’s stock worth $3,932,000 after acquiring an additional 100,046 shares during the last quarter. Institutional investors own 97.13% of the company’s stock.

Wall Street Analyst Weigh In

THRM has been the topic of several research analyst reports. Wall Street Zen raised shares of Gentherm from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. JPMorgan Chase & Co. increased their price objective on Gentherm from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, October 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Gentherm in a research report on Wednesday, November 19th. Robert W. Baird set a $42.00 price target on Gentherm in a research note on Friday, October 24th. Finally, Zacks Research cut Gentherm from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Gentherm Price Performance

Shares of THRM opened at $35.23 on Tuesday. The stock has a market cap of $1.08 billion, a P/E ratio of 35.23 and a beta of 1.46. Gentherm Inc has a 1 year low of $22.75 and a 1 year high of $45.86. The stock’s 50-day moving average price is $35.40 and its two-hundred day moving average price is $32.67. The company has a current ratio of 1.96, a quick ratio of 1.33 and a debt-to-equity ratio of 0.26.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings results on Thursday, October 23rd. The auto parts company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.09. The business had revenue of $386.87 million for the quarter, compared to the consensus estimate of $374.75 million. Gentherm had a net margin of 2.08% and a return on equity of 9.55%. Gentherm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period last year, the company posted $0.75 EPS. Gentherm has set its FY 2025 guidance at EPS. On average, equities analysts predict that Gentherm Inc will post 3.1 earnings per share for the current year.

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.