Boston Partners Boosts Stock Holdings in Gentherm Inc $THRM

Boston Partners lifted its holdings in shares of Gentherm Inc (NASDAQ:THRM) by 141.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,603 shares of the auto parts company’s stock after buying an additional 36,680 shares during the period. Boston Partners owned about 0.21% of Gentherm worth $1,771,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Allworth Financial LP lifted its position in shares of Gentherm by 1,609.1% during the 2nd quarter. Allworth Financial LP now owns 940 shares of the auto parts company’s stock valued at $27,000 after acquiring an additional 885 shares during the period. Hantz Financial Services Inc. grew its holdings in shares of Gentherm by 16,716.7% during the second quarter. Hantz Financial Services Inc. now owns 1,009 shares of the auto parts company’s stock worth $29,000 after buying an additional 1,003 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Gentherm by 295.4% in the second quarter. Nisa Investment Advisors LLC now owns 1,364 shares of the auto parts company’s stock valued at $39,000 after buying an additional 1,019 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Gentherm by 455.8% during the second quarter. Parallel Advisors LLC now owns 1,434 shares of the auto parts company’s stock valued at $41,000 after buying an additional 1,176 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Gentherm by 168.7% during the second quarter. PNC Financial Services Group Inc. now owns 1,913 shares of the auto parts company’s stock valued at $54,000 after buying an additional 1,201 shares during the period. Institutional investors and hedge funds own 97.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on THRM. Zacks Research cut shares of Gentherm from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 20th. Wall Street Zen upgraded Gentherm from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 25th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Gentherm in a research note on Tuesday, November 25th. Robert W. Baird set a $42.00 price target on Gentherm in a research note on Friday, October 24th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Gentherm from $38.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, October 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 stock. According to data from MarketBeat, Gentherm presently has an average rating of “Moderate Buy” and an average target price of $43.00.

Gentherm Stock Up 0.1%

THRM opened at $35.71 on Monday. Gentherm Inc has a 1 year low of $22.75 and a 1 year high of $43.99. The firm has a 50 day moving average price of $35.41 and a 200 day moving average price of $32.90. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.33 and a current ratio of 1.96. The company has a market cap of $1.09 billion, a PE ratio of 35.71 and a beta of 1.46.

Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Thursday, October 23rd. The auto parts company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.09. Gentherm had a net margin of 2.08% and a return on equity of 9.55%. The company had revenue of $386.87 million during the quarter, compared to the consensus estimate of $374.75 million. During the same period in the previous year, the firm earned $0.75 earnings per share. Gentherm’s revenue for the quarter was up 4.1% on a year-over-year basis. Gentherm has set its FY 2025 guidance at EPS. Sell-side analysts expect 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.