Gentherm Inc $THRM Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its position in shares of Gentherm Inc (NASDAQ:THRM) by 6.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 303,557 shares of the auto parts company’s stock after acquiring an additional 18,991 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.99% of Gentherm worth $11,180,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC increased its stake in Gentherm by 50.1% during the 4th quarter. SG Americas Securities LLC now owns 56,071 shares of the auto parts company’s stock worth $2,039,000 after buying an additional 18,718 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Gentherm in the third quarter valued at about $1,227,000. Morningstar Investment Management LLC purchased a new position in shares of Gentherm in the third quarter worth about $309,000. Caxton Associates LLP lifted its stake in shares of Gentherm by 4.7% in the third quarter. Caxton Associates LLP now owns 8,294 shares of the auto parts company’s stock worth $282,000 after buying an additional 372 shares in the last quarter. Finally, Dark Forest Capital Management LP acquired a new position in Gentherm during the third quarter worth about $2,507,000. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on THRM. Loop Capital set a $38.00 target price on shares of Gentherm in a research report on Wednesday, February 25th. Roth Mkm dropped their target price on shares of Gentherm from $44.00 to $39.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Argus upgraded shares of Gentherm to a “hold” rating in a research report on Friday, February 27th. Wall Street Zen cut Gentherm from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 21st. Finally, Robert W. Baird dropped their price objective on Gentherm from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, February 20th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Gentherm presently has a consensus rating of “Hold” and a consensus price target of $39.40.

Gentherm Stock Performance

Shares of THRM stock opened at $27.76 on Monday. The company has a market capitalization of $850.84 million, a price-to-earnings ratio of 45.51 and a beta of 1.34. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.30 and a current ratio of 1.92. The company has a 50-day simple moving average of $30.85 and a 200 day simple moving average of $34.32. Gentherm Inc has a 52 week low of $22.75 and a 52 week high of $39.48.

Gentherm (NASDAQ:THRM) last posted its earnings results on Thursday, February 19th. The auto parts company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.08). Gentherm had a return on equity of 10.07% and a net margin of 1.22%.The firm had revenue of $382.79 million for the quarter, compared to analyst estimates of $371.91 million. During the same period in the prior year, the business posted $0.29 EPS. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, sell-side analysts predict that Gentherm Inc will post 3.1 earnings per share for the current year.

Gentherm Profile

Gentherm Incorporated (NASDAQ: THRM) is a global developer and supplier of advanced thermal management technologies for automotive, specialty vehicle, medical, consumer and industrial markets. The company’s core focus lies in delivering integrated heating and cooling systems designed to enhance energy efficiency, comfort and safety across a wide range of applications. Gentherm’s product portfolio includes seat thermal systems, heated and ventilated seating surfaces, steering wheel heaters, battery thermal management solutions, and climate systems for electric vehicles.

In the automotive sector, Gentherm partners with leading original equipment manufacturers to engineer and manufacture high-performance thermal solutions that meet stringent industry demands for reduced weight, lower energy consumption and improved passenger comfort.