Charles Schwab Investment Management Inc. Purchases 43,143 Shares of 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. boosted its holdings in shares of Gentherm Inc (NASDAQ:THRM - Free Report) by 8.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 529,708 shares of the auto parts company's stock after acquiring an additional 43,143 shares during the period. Charles Schwab Investment Management Inc. owned about 1.72% of Gentherm worth $14,164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in THRM. Westwood Holdings Group Inc. boosted its stake in shares of Gentherm by 20.0% during the first quarter. Westwood Holdings Group Inc. now owns 23,494 shares of the auto parts company's stock valued at $628,000 after purchasing an additional 3,921 shares in the last quarter. US Bancorp DE boosted its stake in shares of Gentherm by 20.2% during the first 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. Natixis Advisors LLC boosted its stake in shares of Gentherm by 7.3% during the first quarter. Natixis Advisors LLC now owns 14,879 shares of the auto parts company's stock valued at $398,000 after purchasing an additional 1,015 shares in the last quarter. LPL Financial LLC boosted its position in Gentherm by 6.3% during the 1st quarter. LPL Financial LLC now owns 55,405 shares of the auto parts company's stock valued at $1,401,000 after acquiring an additional 3,293 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Gentherm during the 1st quarter valued at $3,066,000. 97.13% of the stock is currently owned by institutional investors.

Gentherm Trading Up 5.3%

NASDAQ THRM opened at $36.51 on Friday. The company has a market capitalization of $1.11 billion, a PE ratio of 35.79 and a beta of 1.45. The company has a fifty day moving average of $31.49 and a 200 day moving average of $29.70. Gentherm Inc has a 1 year low of $22.75 and a 1 year high of $51.73. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.35.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on THRM shares. Baird R W raised Gentherm from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 11th. Wall Street Zen downgraded shares of Gentherm from a "buy" rating to a "hold" rating in a research note on Friday. JPMorgan Chase & Co. raised their price objective on Gentherm from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Zacks Research cut Gentherm from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. Finally, Robert W. Baird raised their price objective on 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 issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $46.00.

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.

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