Gentherm Inc $THRM Shares Bought by Cubist Systematic Strategies LLC

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 lifted its stake in Gentherm Inc (NASDAQ:THRM - Free Report) by 212.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 147,064 shares of the auto parts company's stock after purchasing an additional 100,046 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.48% of Gentherm worth $3,932,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Comerica Bank increased its stake in Gentherm by 1.4% during the fourth quarter. Comerica Bank now owns 21,012 shares of the auto parts company's stock worth $839,000 after acquiring an additional 300 shares during the last quarter. US Bancorp DE increased its stake in Gentherm by 20.2% during the first quarter. US Bancorp DE now owns 3,364 shares of the auto parts company's stock worth $90,000 after acquiring an additional 565 shares during the last quarter. Rhumbline Advisers increased its stake in Gentherm by 0.7% during the first quarter. Rhumbline Advisers now owns 91,414 shares of the auto parts company's stock worth $2,444,000 after acquiring an additional 656 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Gentherm during the first quarter worth $26,000. Finally, Natixis Advisors LLC increased its stake in Gentherm by 7.3% during the first quarter. Natixis Advisors LLC now owns 14,879 shares of the auto parts company's stock worth $398,000 after acquiring an additional 1,015 shares during the last quarter. Institutional investors and hedge funds own 97.13% of the company's stock.

Insiders Place Their Bets

In other Gentherm news, SVP Barbara J. Runyon sold 3,348 shares of the firm's 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 in the company, valued at $1,090,423.12. This trade represents a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Gentherm Stock Up 1.5%

NASDAQ:THRM traded up $0.55 during midday trading on Monday, reaching $36.61. The company had a trading volume of 143,623 shares, compared to its average volume of 309,575. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 35.89 and a beta of 1.42. The stock's fifty day simple moving average is $33.40 and its 200-day simple moving average is $29.75. Gentherm Inc has a 12-month low of $22.75 and a 12-month high of $51.00. The company has a current ratio of 2.01, a quick ratio of 1.35 and a debt-to-equity ratio of 0.30.

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 (EPS) 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 analysts' expectations of $358.09 million. Gentherm had a net margin of 2.18% and a return on equity of 9.90%. The company's revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the business posted $0.66 earnings per share. Gentherm has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Gentherm Inc will post 3.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Baird R W raised Gentherm from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 11th. Robert W. Baird raised their price target on Gentherm from $28.00 to $35.00 and gave the stock an "outperform" rating in a research report on Friday, July 11th. JPMorgan Chase & Co. raised their price target on 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 upgraded Gentherm from a "hold" rating to a "buy" rating in a research report on Friday. Finally, Zacks Research lowered Gentherm from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 20th. 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $46.00.

About Gentherm

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.