Guinness Atkinson Asset Management Inc Sells 7,526 Shares of Gentherm Inc $THRM

Guinness Atkinson Asset Management Inc lowered its stake in Gentherm Inc (NASDAQ:THRM) by 68.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,396 shares of the auto parts company’s stock after selling 7,526 shares during the quarter. Guinness Atkinson Asset Management Inc’s holdings in Gentherm were worth $96,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Trigran Investments Inc. boosted its stake in shares of Gentherm by 11.0% in the 1st 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 last quarter. Global Alpha Capital Management Ltd. increased 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 valued at $24,015,000 after acquiring an additional 115,100 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Gentherm in the first quarter valued at about $3,066,000. Cubist Systematic Strategies LLC lifted its holdings in Gentherm by 212.8% in the first 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 during the period. Finally, Nuveen LLC purchased a new position in Gentherm in the first quarter worth about $2,324,000. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Roth Capital reaffirmed a “buy” rating and set a $44.00 price target on shares of Gentherm in a research report on Friday. Robert W. Baird set a $42.00 target price on shares of Gentherm in a research report on Friday. Baird R W upgraded shares of Gentherm from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 11th. JPMorgan Chase & Co. lifted their price target on shares of Gentherm from $38.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, October 20th. Finally, Wall Street Zen upgraded Gentherm from a “buy” rating to a “strong-buy” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Gentherm presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.50.

Gentherm Price Performance

NASDAQ THRM opened at $37.30 on Monday. Gentherm Inc has a 12 month low of $22.75 and a 12 month high of $47.00. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 37.30 and a beta of 1.39. The company’s 50 day moving average is $35.36 and its two-hundred day moving average is $30.99. 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 posted its quarterly earnings results on Thursday, October 23rd. The auto parts company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.09. The business had revenue of $386.87 million during the quarter, compared to analyst estimates of $374.75 million. Gentherm had a net margin of 2.08% and a return on equity of 9.55%. The company’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 earnings per share. Gentherm has set its FY 2025 guidance at EPS. As a group, research 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 stock in a transaction 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 completion of the sale, the senior vice president owned 31,316 shares in the company, valued at approximately $1,090,423.12. This represents a 9.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.

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.