Caxton Associates LLP Acquires Shares of 11,948 Gentherm Inc $THRM

Key Points

• Caxton Associates LLP acquired 11,948 shares of Gentherm Inc for approximately $319,000, indicating growing interest from institutional investors in the auto parts company's stock.
• Analyst ratings for Gentherm include upgrades from Baird R W and Wall Street Zen, with a consensus price target of $46.00 and a rating of "Moderate Buy."
• Gentherm reported a EPS of $0.54, which missed analysts' expectations, while its revenue slightly declined by 0.2% year-over-year despite exceeding expectations at $375.09 million.

Caxton Associates LLP acquired a new stake in Gentherm Inc (NASDAQ:THRM - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 11,948 shares of the auto parts company's stock, valued at approximately $319,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Petrus Trust Company LTA lifted its position in Gentherm by 28.8% in the first quarter. Petrus Trust Company LTA now owns 28,374 shares of the auto parts company's stock valued at $759,000 after purchasing an additional 6,343 shares during the last quarter. Millennium Management LLC lifted its position in Gentherm by 93.4% in the first quarter. Millennium Management LLC now owns 155,617 shares of the auto parts company's stock valued at $4,161,000 after purchasing an additional 75,170 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Gentherm by 5.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,613 shares of the auto parts company's stock valued at $2,904,000 after purchasing an additional 5,824 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Gentherm by 21.9% during the first quarter. Advisors Asset Management Inc. now owns 14,104 shares of the auto parts company's stock valued at $377,000 after acquiring an additional 2,536 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its stake in Gentherm by 212.8% in the first quarter. Cubist Systematic Strategies LLC now owns 147,064 shares of the auto parts company's stock worth $3,932,000 after acquiring an additional 100,046 shares during the period. Institutional investors own 97.13% of the company's stock.

Analyst Upgrades and Downgrades

THRM has been the subject of a number of research analyst reports. Zacks Research lowered Gentherm from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. JPMorgan Chase & Co. boosted their price target on shares of Gentherm from $37.00 to $38.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Baird R W upgraded shares of Gentherm from a "hold" rating to a "strong-buy" rating in a research report 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 report on Friday, July 11th. Finally, Wall Street Zen upgraded Gentherm from a "hold" rating to a "buy" rating in a report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $46.00.

Insider Activity at Gentherm

In other news, 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 value of $116,577.36. Following the sale, the senior vice president directly owned 31,316 shares of the company's stock, valued at approximately $1,090,423.12. This represents a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.40% of the company's stock.

Gentherm Price Performance

THRM opened at $34.81 on Friday. The stock has a fifty day simple moving average of $33.80 and a two-hundred day simple moving average of $29.85. The company has a current ratio of 2.01, a quick ratio of 1.35 and a debt-to-equity ratio of 0.30. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 34.13 and a beta of 1.42. Gentherm Inc has a 12-month low of $22.75 and a 12-month high of $51.00.

Gentherm (NASDAQ:THRM - Get Free Report) last released its 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 analysts' expectations of $358.09 million. During the same period in the prior year, the company posted $0.66 earnings per share. The company's revenue was down .2% on a year-over-year basis. Gentherm has set its FY 2025 guidance at EPS. Research analysts predict that Gentherm Inc will post 3.1 earnings per share for the current fiscal year.

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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