Assenagon Asset Management S.A. Has $954,000 Holdings in Gentherm Inc $THRM

Key Points

• Assenagon Asset Management S.A. increased its holdings in Gentherm Inc by 184.4%, owning 33,734 shares valued at $954,000 as of their recent SEC filing.
• Gentherm Inc's quarterly earnings report showed a $0.54 EPS, missing analysts' estimates by $0.05, with a revenue of approximately $375.09 million.
• Several analysts have recently upgraded their ratings for Gentherm's stock, leading to a current average rating of "Moderate Buy" and a consensus price target of $46.00.

Assenagon Asset Management S.A. lifted its stake in shares of Gentherm Inc (NASDAQ:THRM - Free Report) by 184.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,734 shares of the auto parts company's stock after buying an additional 21,873 shares during the period. Assenagon Asset Management S.A. owned about 0.11% of Gentherm worth $954,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC acquired a new stake in Gentherm in the second quarter valued at $219,000. Parallel Advisors LLC grew its holdings in Gentherm by 455.8% during the 2nd quarter. Parallel Advisors LLC now owns 1,434 shares of the auto parts company's stock worth $41,000 after acquiring an additional 1,176 shares during the period. Central Pacific Bank Trust Division grew its holdings in Gentherm by 16.8% during the 2nd quarter. Central Pacific Bank Trust Division now owns 7,227 shares of the auto parts company's stock worth $204,000 after acquiring an additional 1,042 shares during the period. Inspire Investing LLC grew its holdings in Gentherm by 26.8% during the 1st quarter. Inspire Investing LLC now owns 12,793 shares of the auto parts company's stock worth $342,000 after acquiring an additional 2,702 shares during the period. Finally, Rhumbline Advisers grew its holdings in Gentherm by 0.7% during the 1st quarter. Rhumbline Advisers now owns 91,414 shares of the auto parts company's stock worth $2,444,000 after acquiring an additional 656 shares during the period. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Gentherm

In other Gentherm news, SVP Barbara J. Runyon sold 3,348 shares of the business's stock in a transaction 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 completion of the sale, the senior vice president directly 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. Company insiders own 1.40% of the company's stock.

Gentherm Price Performance

Gentherm stock opened at $35.22 on Friday. The company has a quick ratio of 1.35, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. The stock has a market cap of $1.07 billion, a P/E ratio of 34.53 and a beta of 1.42. The company's 50 day moving average price is $34.75 and its two-hundred day moving average price is $30.05. Gentherm Inc has a 52 week low of $22.75 and a 52 week high of $49.32.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Wall Street Zen raised shares of Gentherm from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. JPMorgan Chase & Co. increased their price objective on shares of Gentherm from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Baird R W raised shares of Gentherm from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 11th. Zacks Research cut shares of Gentherm from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 20th. Finally, Robert W. Baird increased their price objective on shares of Gentherm from $28.00 to $35.00 and gave the stock an "outperform" rating in a research report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $46.00.

Gentherm 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.

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