AlphaQuest LLC Purchases 28,048 Shares of Gentherm Inc $THRM

AlphaQuest LLC increased its position in shares of Gentherm Inc (NASDAQ:THRM) by 155.3% during the second quarter, HoldingsChannel.com reports. The fund owned 46,111 shares of the auto parts company’s stock after acquiring an additional 28,048 shares during the period. AlphaQuest LLC’s holdings in Gentherm were worth $1,304,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Trigran Investments Inc. boosted its holdings in Gentherm by 11.0% in the 1st quarter. Trigran Investments Inc. now owns 2,210,388 shares of the auto parts company’s stock valued at $59,106,000 after purchasing an additional 219,450 shares during the period. Global Alpha Capital Management Ltd. grew its position in Gentherm by 14.7% during the first quarter. Global Alpha Capital Management Ltd. now owns 898,083 shares of the auto parts company’s stock worth $24,015,000 after buying an additional 115,100 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Gentherm in the 1st quarter worth about $3,066,000. Cubist Systematic Strategies LLC raised its holdings in shares of Gentherm by 212.8% in the 1st quarter. Cubist Systematic Strategies LLC now owns 147,064 shares of the auto parts company’s stock valued at $3,932,000 after acquiring an additional 100,046 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of Gentherm during the 1st quarter valued at about $2,324,000. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Zacks Research lowered shares of Gentherm from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 20th. Robert W. Baird set a $42.00 price target on Gentherm in a research note on Friday. JPMorgan Chase & Co. upped their price objective on Gentherm from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, October 20th. Roth Capital reissued a “buy” rating and set a $44.00 price objective on shares of Gentherm in a report on Friday. Finally, Wall Street Zen upgraded Gentherm from a “buy” rating to a “strong-buy” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Gentherm presently has an average rating of “Moderate Buy” and a consensus target price of $48.50.

Gentherm Trading Up 0.4%

Shares of THRM stock opened at $37.30 on Friday. The business has a 50-day moving average of $35.36 and a 200 day moving average of $30.95. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.96 and a quick ratio of 1.35. Gentherm Inc has a 1-year low of $22.75 and a 1-year high of $47.00. The stock has a market capitalization of $1.14 billion, a PE ratio of 37.30 and a beta of 1.39.

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

Insiders Place Their Bets

In other Gentherm news, SVP Barbara J. Runyon sold 3,348 shares of the firm’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $34.82, for a total value of $116,577.36. Following the sale, the senior vice president owned 31,316 shares of the company’s stock, valued at $1,090,423.12. This trade represents a 9.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is owned by insiders.

Gentherm Profile

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.