Cubist Systematic Strategies LLC Purchases 100,046 Shares of Gentherm Inc $THRM

Key Points

• Cubist Systematic Strategies LLC increased its ownership in Gentherm Inc by 212.8% during the first quarter, acquiring an additional 100,046 shares for a total of 147,064 shares valued at approximately $3.93 million.
• Gentherm's recent quarterly earnings showed $0.54 EPS, falling short of analysts' expectations of $0.59, despite the company reporting revenues of $375.09 million, above the consensus estimate.
• Wall Street analysts have mixed ratings on Gentherm, with one upgrade to "outperform" from Robert W. Baird, while Zacks Research downgraded it to a "hold", reflecting varying expectations for the company's future performance.

Cubist Systematic Strategies LLC increased its holdings in Gentherm Inc (NASDAQ:THRM - Free Report) by 212.8% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 147,064 shares of the auto parts company's stock after buying an additional 100,046 shares during the period. Cubist Systematic Strategies LLC owned 0.48% of Gentherm worth $3,932,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Cerity Partners LLC increased its stake in Gentherm by 89.9% in the 1st quarter. Cerity Partners LLC now owns 52,505 shares of the auto parts company's stock worth $1,404,000 after acquiring an additional 24,857 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Gentherm by 12.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,477 shares of the auto parts company's stock worth $424,000 after purchasing an additional 1,676 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Gentherm by 11,463.4% in the first quarter. GAMMA Investing LLC now owns 56,314 shares of the auto parts company's stock worth $1,506,000 after purchasing an additional 55,827 shares during the last quarter. Deutsche Bank AG raised its stake in Gentherm by 23.0% in the fourth quarter. Deutsche Bank AG now owns 54,483 shares of the auto parts company's stock valued at $2,176,000 after purchasing an additional 10,192 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Gentherm by 22.0% in the fourth quarter. Bank of America Corp DE now owns 140,869 shares of the auto parts company's stock valued at $5,624,000 after purchasing an additional 25,432 shares in the last quarter. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

Gentherm Trading Down 2.0%

NASDAQ THRM traded down $0.73 during trading on Wednesday, hitting $35.04. 132,146 shares of the company's stock traded hands, compared to its average volume of 214,219. The stock has a fifty day moving average of $33.61 and a two-hundred day moving average of $29.83. Gentherm Inc has a 12-month low of $22.75 and a 12-month high of $51.00. The firm has a market cap of $1.07 billion, a P/E ratio of 34.35 and a beta of 1.42. 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 released its earnings results 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). The company 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 company's revenue was down .2% on a year-over-year basis. During the same period last year, the firm posted $0.66 EPS. Gentherm has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Gentherm Inc will post 3.1 EPS for the current year.

Insider Buying and Selling

In other Gentherm news, SVP Barbara J. Runyon sold 3,348 shares of the business's stock in a transaction that occurred 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 completion of the sale, the senior vice president owned 31,316 shares in the company, valued at approximately $1,090,423.12. The trade was a 9.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Robert W. Baird boosted their price target on shares of Gentherm from $28.00 to $35.00 and gave the stock an "outperform" rating in a research note on Friday, July 11th. JPMorgan Chase & Co. upped their target price 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. Wall Street Zen raised Gentherm from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Baird R W upgraded Gentherm from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 11th. Finally, Zacks Research lowered Gentherm from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Gentherm has an average rating of "Moderate Buy" and an average target price 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.