Royal Bank of Canada trimmed its position in Gentherm Inc (NASDAQ:THRM - Free Report) by 4.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 563,896 shares of the auto parts company's stock after selling 25,173 shares during the period. Royal Bank of Canada owned 1.83% of Gentherm worth $15,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Comerica Bank lifted its stake in shares of Gentherm by 1.4% in the 4th quarter. Comerica Bank now owns 21,012 shares of the auto parts company's stock valued at $839,000 after purchasing an additional 300 shares during the period. US Bancorp DE increased its holdings in Gentherm by 20.2% in the first quarter. US Bancorp DE now owns 3,364 shares of the auto parts company's stock valued at $90,000 after buying an additional 565 shares in the last quarter. Rhumbline Advisers raised its position in shares of Gentherm by 0.7% in 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 period. FNY Investment Advisers LLC purchased a new stake in shares of Gentherm during the 1st quarter worth about $26,000. Finally, Natixis Advisors LLC grew its position in shares of Gentherm by 7.3% during the 1st quarter. Natixis Advisors LLC now owns 14,879 shares of the auto parts company's stock valued at $398,000 after acquiring an additional 1,015 shares during the period. Institutional investors and hedge funds own 97.13% of the company's stock.
Gentherm Trading Up 0.7%
Shares of THRM traded up $0.25 during mid-day trading on Tuesday, reaching $35.49. The stock had a trading volume of 146,738 shares, compared to its average volume of 202,745. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.35. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 34.79 and a beta of 1.42. The business's fifty day moving average is $34.01 and its 200 day moving average is $29.86. Gentherm Inc has a 52-week low of $22.75 and a 52-week high of $51.00.
Gentherm (NASDAQ:THRM - Get Free Report) last announced its quarterly 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 firm had revenue of $375.09 million for the quarter, compared to analyst estimates of $358.09 million. Gentherm had a return on equity of 9.90% and a net margin of 2.18%.The firm's quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.66 EPS. Gentherm has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Gentherm Inc will post 3.1 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
THRM has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price target on Gentherm from $37.00 to $38.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Robert W. Baird upped their target price on Gentherm from $28.00 to $35.00 and gave the stock an "outperform" rating in a research note on Friday, July 11th. Zacks Research cut shares of Gentherm from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. Wall Street Zen raised shares of Gentherm from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Finally, Baird R W raised shares of Gentherm from a "hold" rating to a "strong-buy" rating in a 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's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $46.00.
View Our Latest Stock Analysis on THRM
Insider Transactions at Gentherm
In other Gentherm news, SVP Barbara J. Runyon sold 3,348 shares of Gentherm 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 owned 31,316 shares in the company, valued at $1,090,423.12. The trade was a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is currently owned by company insiders.
About Gentherm
(
Free Report)
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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