Caxton Associates LLP Purchases New Holdings in 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 bought a new stake in shares of Gentherm Inc (NASDAQ:THRM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,948 shares of the auto parts company's stock, valued at approximately $319,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. US Bancorp DE lifted its stake in shares of Gentherm by 20.2% in 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 during the period. Rhumbline Advisers lifted its stake 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 valued at $2,444,000 after purchasing an additional 656 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of Gentherm in the 1st quarter valued at about $26,000. Natixis Advisors LLC increased its position in Gentherm by 7.3% in the 1st quarter. Natixis Advisors LLC now owns 14,879 shares of the auto parts company's stock valued at $398,000 after buying an additional 1,015 shares in the last quarter. Finally, Versant Capital Management Inc acquired a new position in Gentherm during the 1st quarter worth approximately $28,000. Institutional investors and hedge funds own 97.13% of the company's stock.

Gentherm Stock Up 2.5%

Shares of Gentherm stock traded up $0.89 on Thursday, hitting $36.43. The company had a trading volume of 188,414 shares, compared to its average volume of 204,348. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.35 and a current ratio of 2.01. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 35.72 and a beta of 1.42. The stock has a 50 day moving average of $34.22 and a 200-day moving average of $29.93. Gentherm Inc has a 1 year low of $22.75 and a 1 year high of $51.00.

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). The business had revenue of $375.09 million for the quarter, compared to analysts' expectations of $358.09 million. Gentherm had a net margin of 2.18% and a return on equity of 9.90%. The business's revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.66 earnings per share. Gentherm has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Gentherm Inc will post 3.1 earnings per share for the current year.

Analysts Set New Price Targets

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

Insider Activity at Gentherm

In related news, SVP Barbara J. Runyon sold 3,348 shares of the stock in a transaction that occurred 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 sale, the senior vice president directly owned 31,316 shares of the company's stock, valued at approximately $1,090,423.12. This trade represents a 9.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.40% of the company's stock.

Gentherm Company 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.