Intech Investment Management LLC Sells 4,700 Shares of Gentherm Inc $THRM

Intech Investment Management LLC lowered its position in shares of Gentherm Inc (NASDAQ:THRM) by 11.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,179 shares of the auto parts company’s stock after selling 4,700 shares during the quarter. Intech Investment Management LLC owned 0.12% of Gentherm worth $1,052,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of THRM. Trigran Investments Inc. raised its position in shares of Gentherm by 11.0% during 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. boosted its holdings in Gentherm by 23.5% in 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 during the period. Bastion Asset Management Inc. purchased a new stake in Gentherm in the 2nd quarter worth $5,032,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Gentherm during the first quarter valued at about $3,066,000. Finally, Cubist Systematic Strategies LLC raised its holdings in Gentherm by 212.8% during 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. 97.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on THRM shares. Zacks Research lowered Gentherm from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 20th. Roth Capital reissued a “buy” rating and issued a $44.00 price target on shares of Gentherm in a report on Friday, October 24th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gentherm in a report on Wednesday, November 19th. Robert W. Baird set a $42.00 price objective on shares of Gentherm in a research report on Friday, October 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Gentherm from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Gentherm has an average rating of “Moderate Buy” and a consensus target price of $43.00.

Gentherm Stock Performance

NASDAQ THRM opened at $35.23 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.96 and a quick ratio of 1.33. Gentherm Inc has a 1-year low of $22.75 and a 1-year high of $45.86. The business has a 50 day simple moving average of $35.40 and a two-hundred day simple moving average of $32.67. The stock has a market capitalization of $1.08 billion, a PE ratio of 35.23 and a beta of 1.46.

Gentherm (NASDAQ:THRM) last issued 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 return on equity of 9.55% and a net margin of 2.08%.The business had revenue of $386.87 million for the quarter, compared to analysts’ expectations of $374.75 million. During the same period in the prior year, the firm earned $0.75 EPS. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. Gentherm has set its FY 2025 guidance at EPS. On average, research analysts predict that Gentherm Inc will post 3.1 EPS for the current fiscal year.

Gentherm Company 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.