Charles Schwab Investment Management Inc. Has $14.16 Million Stock Holdings in Gentherm Inc $THRM

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Gentherm Inc. by 8.9%, acquiring an additional 43,143 shares, bringing its total ownership to approximately 1.72% of the company.
• Gentherm reported a net margin of 2.18% and earnings per share (EPS) of $0.54 for the last quarter, missing estimates by $0.05.
• Analysts have mixed ratings for Gentherm, with one strong-buy, two buy, and two hold ratings, alongside an average price target of $46.00.

Charles Schwab Investment Management Inc. grew its holdings in Gentherm Inc (NASDAQ:THRM - Free Report) by 8.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 529,708 shares of the auto parts company's stock after purchasing an additional 43,143 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.72% of Gentherm worth $14,164,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in THRM. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Gentherm during the first quarter worth approximately $3,066,000. Voloridge Investment Management LLC raised its position in Gentherm by 280.9% during the 4th quarter. Voloridge Investment Management LLC now owns 114,187 shares of the auto parts company's stock worth $4,559,000 after buying an additional 84,207 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake in shares of Gentherm by 72.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 194,584 shares of the auto parts company's stock worth $7,769,000 after purchasing an additional 81,780 shares during the period. Dimensional Fund Advisors LP grew its stake in Gentherm by 5.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,217,681 shares of the auto parts company's stock valued at $48,616,000 after acquiring an additional 62,562 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Gentherm by 21.7% in the 4th quarter. Ameriprise Financial Inc. now owns 350,050 shares of the auto parts company's stock valued at $13,976,000 after acquiring an additional 62,483 shares during the last quarter. Hedge funds and other institutional investors own 97.13% of the company's stock.

Insider Transactions at Gentherm

In other Gentherm 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 transaction of $116,577.36. Following the completion of the transaction, the senior vice president directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Wall Street Zen lowered shares of Gentherm from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Zacks Research downgraded shares of Gentherm from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 20th. Baird R W raised shares of Gentherm from a "hold" rating to a "strong-buy" rating in a report on Friday, July 11th. 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 report on Monday, July 28th. Finally, Robert W. Baird upped their price objective on shares of Gentherm from $28.00 to $35.00 and gave the stock an "outperform" rating in a report on Friday, July 11th. One investment 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. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $46.00.

Gentherm Stock Performance

Shares of THRM traded down $0.08 during mid-day trading on Friday, hitting $36.77. The company's stock had a trading volume of 165,930 shares, compared to its average volume of 236,517. Gentherm Inc has a one year low of $22.75 and a one year high of $51.51. 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 firm has a market capitalization of $1.12 billion, a PE ratio of 36.05 and a beta of 1.45. The stock's 50-day moving average is $32.42 and its two-hundred day moving average is $29.76.

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

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.