Barbara J. Runyon Sells 3,348 Shares of Gentherm (NASDAQ:THRM) Stock

Key Points

• Barbara Runyon, Senior Vice President of Gentherm, sold 3,348 shares at an average price of $34.82, reducing her stake by 9.66% to a total of 31,316 shares valued at approximately $1.09 million.
• Gentherm reported earnings of $0.54 EPS for the last quarter, missing analyst estimates of $0.59, while revenue reached $375.09 million, exceeding projections.
• Analysts have mixed ratings on Gentherm's stock, with an average price target of $46.00 and several recent changes, including a downgrade from Zacks from "strong-buy" to "hold."

Gentherm Inc (NASDAQ:THRM - Get Free Report) 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 transaction of $116,577.36. Following the completion of the transaction, the senior vice president directly owned 31,316 shares in the company, valued at $1,090,423.12. The trade was a 9.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Gentherm Price Performance

Shares of NASDAQ:THRM traded down $0.08 during trading on Friday, reaching $36.77. The company had a trading volume of 165,930 shares, compared to its average volume of 236,517. The company has a fifty day moving average of $32.42 and a two-hundred day moving average of $29.72. The stock has a market capitalization of $1.12 billion, a P/E ratio of 36.05 and a beta of 1.45. Gentherm Inc has a 12 month low of $22.75 and a 12 month high of $51.51. The company has a current ratio of 2.01, a quick ratio of 1.35 and a debt-to-equity ratio of 0.30.

Gentherm (NASDAQ:THRM - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The auto parts company reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.59 by ($0.05). Gentherm had a return on equity of 9.90% and a net margin of 2.18%.The company had revenue of $375.09 million during the quarter, compared to the consensus estimate of $358.09 million. During the same period in the previous year, the company earned $0.66 EPS. Gentherm's quarterly revenue was down .2% on a year-over-year basis. Gentherm has set its FY 2025 guidance at EPS. Equities research analysts forecast that Gentherm Inc will post 3.1 earnings per share for the current year.

Analyst Ratings Changes

THRM has been the subject of a number of research reports. Baird R W raised shares of Gentherm from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 11th. Wall Street Zen cut shares of Gentherm from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Zacks Research cut shares of Gentherm from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. JPMorgan Chase & Co. upped their price objective on shares of Gentherm from $37.00 to $38.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Finally, Robert W. Baird increased their price target on shares of Gentherm from $28.00 to $35.00 and gave the company an "outperform" rating in a research report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $46.00.

Institutional Investors Weigh In On Gentherm

Institutional investors and hedge funds have recently modified their holdings of the stock. Cerity Partners LLC lifted its position in shares of Gentherm by 89.9% in the 1st quarter. Cerity Partners LLC now owns 52,505 shares of the auto parts company's stock worth $1,404,000 after purchasing an additional 24,857 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Gentherm by 12.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,477 shares of the auto parts company's stock valued at $424,000 after acquiring an additional 1,676 shares during the period. GAMMA Investing LLC lifted its position in Gentherm by 11,463.4% during the 1st quarter. GAMMA Investing LLC now owns 56,314 shares of the auto parts company's stock valued at $1,506,000 after acquiring an additional 55,827 shares during the period. Deutsche Bank AG lifted its position in Gentherm by 23.0% during the 4th quarter. Deutsche Bank AG now owns 54,483 shares of the auto parts company's stock valued at $2,176,000 after acquiring an additional 10,192 shares during the period. Finally, Bank of America Corp DE lifted its position in Gentherm by 22.0% during the 4th quarter. Bank of America Corp DE now owns 140,869 shares of the auto parts company's stock valued at $5,624,000 after acquiring an additional 25,432 shares during the period. 97.13% of the stock is owned by hedge funds and other institutional investors.

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.