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

Key Points

• AlphaQuest LLC significantly increased its stake in Gentherm Inc by 155.3%, acquiring an additional 28,048 shares, bringing their total to 46,111 shares valued at approximately $1,304,000.
• Gentherm recently reported $386.87 million in revenue for the quarter, exceeding analyst estimates of $374.75 million, and recorded earnings per share of $0.73, beating expectations of $0.64.
• JPMorgan Chase raised its target price for Gentherm shares from $38.00 to $43.00, while maintaining a "neutral" rating, reflecting positive shifts in analyst sentiment towards the stock.

AlphaQuest LLC boosted its stake in shares of Gentherm Inc (NASDAQ:THRM - Free Report) by 155.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,111 shares of the auto parts company's stock after buying an additional 28,048 shares during the quarter. AlphaQuest LLC owned approximately 0.15% of Gentherm worth $1,304,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. US Bancorp DE boosted its position in shares of Gentherm by 20.2% during the 1st quarter. US Bancorp DE now owns 3,364 shares of the auto parts company's stock valued at $90,000 after purchasing an additional 565 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Gentherm by 0.7% in the 1st quarter. Rhumbline Advisers now owns 91,414 shares of the auto parts company's stock worth $2,444,000 after purchasing an additional 656 shares in the last quarter. Inspire Investing LLC increased its stake in Gentherm by 7.4% during the 2nd quarter. Inspire Investing LLC now owns 13,734 shares of the auto parts company's stock valued at $389,000 after purchasing an additional 941 shares in the last quarter. Natixis Advisors LLC raised its holdings in Gentherm by 7.3% during the first quarter. Natixis Advisors LLC now owns 14,879 shares of the auto parts company's stock worth $398,000 after buying an additional 1,015 shares during the last quarter. Finally, Central Pacific Bank Trust Division lifted its stake in shares of Gentherm by 16.8% in the second quarter. Central Pacific Bank Trust Division now owns 7,227 shares of the auto parts company's stock valued at $204,000 after buying an additional 1,042 shares in the last quarter. 97.13% of the stock is owned by institutional investors.

Gentherm Trading Up 0.4%

Shares of THRM stock opened at $37.30 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.96 and a debt-to-equity ratio of 0.26. The firm has a market cap of $1.14 billion, a P/E ratio of 37.30 and a beta of 1.39. The company has a 50 day moving average of $35.36 and a 200-day moving average of $30.95. Gentherm Inc has a 12-month low of $22.75 and a 12-month high of $47.00.

Gentherm (NASDAQ:THRM - Get Free Report) 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 business had revenue of $386.87 million during the quarter, compared to analyst estimates of $374.75 million. During the same period in the prior year, the company earned $0.75 earnings per share. Gentherm's revenue was up 4.1% compared to the same quarter last year. Gentherm has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Gentherm Inc will post 3.1 earnings per share for the current year.

Insider Buying and Selling at Gentherm

In other news, SVP Barbara J. Runyon sold 3,348 shares of the business's stock in a transaction that occurred 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. The trade was a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.40% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on THRM shares. JPMorgan Chase & Co. upped 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. Baird R W raised Gentherm from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 11th. Zacks Research lowered shares of Gentherm from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. Roth Capital reiterated a "buy" rating and issued a $44.00 target price on shares of Gentherm in a report on Friday. Finally, Robert W. Baird set a $42.00 price target on shares of Gentherm in a report on Friday. One research 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, the company has a consensus rating of "Moderate Buy" and a consensus target price of $48.50.

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.

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