Nuveen LLC Purchases New Position in Gentherm Inc $THRM

Key Points

• Nuveen LLC acquired 86,921 shares of Gentherm Inc valued at approximately $2.32 million, increasing its ownership to 0.28% as of the latest reporting period.
• Gentherm reported a net margin of 2.18% and missed earnings expectations for the latest quarter, reporting $0.54 per share against a $0.59 estimate.
• Recent analyst ratings for Gentherm include a downgrade from a "buy" to a "hold" and varying target price upgrades, with a consensus target price of $46.00.

Nuveen LLC bought a new position in Gentherm Inc (NASDAQ:THRM - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 86,921 shares of the auto parts company's stock, valued at approximately $2,324,000. Nuveen LLC owned about 0.28% of Gentherm as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Global Alpha Capital Management Ltd. boosted its holdings in shares of Gentherm by 14.7% in 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 during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Gentherm during the 1st quarter valued at $3,066,000. Voloridge Investment Management LLC increased its stake in shares of Gentherm by 280.9% in the 4th quarter. Voloridge Investment Management LLC now owns 114,187 shares of the auto parts company's stock worth $4,559,000 after purchasing an additional 84,207 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in Gentherm by 72.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 194,584 shares of the auto parts company's stock valued at $7,769,000 after purchasing an additional 81,780 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Gentherm by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,217,681 shares of the auto parts company's stock worth $48,616,000 after buying an additional 62,562 shares during the period. Hedge funds and other institutional investors own 97.13% of the company's stock.

Analysts Set New Price Targets

THRM has been the topic of several recent research reports. Wall Street Zen cut shares of Gentherm from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Baird R W raised shares of Gentherm from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 11th. Robert W. Baird increased their price objective on Gentherm from $28.00 to $35.00 and gave the stock an "outperform" rating in a research note on Friday, July 11th. JPMorgan Chase & Co. upped their target price on Gentherm from $37.00 to $38.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Finally, Zacks Research lowered Gentherm from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. One equities 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. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $46.00.

Insider Buying and Selling at Gentherm

In related news, SVP Barbara J. Runyon sold 3,348 shares of the company's stock in a transaction that occurred 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 sale, the senior vice president owned 31,316 shares in the company, valued at $1,090,423.12. This represents a 9.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.40% of the company's stock.

Gentherm Stock Performance

NASDAQ:THRM traded down $0.35 during trading hours on Wednesday, hitting $35.98. 57,714 shares of the company were exchanged, compared to its average volume of 311,638. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.35. Gentherm Inc has a 52-week low of $22.75 and a 52-week high of $51.00. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 35.27 and a beta of 1.42. The company's 50 day moving average price is $32.77 and its 200-day moving average price is $29.73.

Gentherm (NASDAQ:THRM - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The auto parts company reported $0.54 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $358.09 million. During the same quarter in the previous year, the firm posted $0.66 earnings per share. The company's quarterly revenue was down .2% on a year-over-year basis. Gentherm has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Gentherm Inc will post 3.1 earnings per share for the current year.

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.