Royal Bank of Canada Has $15.08 Million Stock Holdings in Gentherm Inc $THRM

Key Points

• Royal Bank of Canada reduced its stake in Gentherm Inc by 4.3% in Q1, holding 563,896 shares valued at about $15 million.
• Analysts have mixed ratings for Gentherm, with price targets ranging from $35 to $46, indicating a potential for growth despite a recent earnings miss.
• Insider activity includes the sale of 3,348 shares by SVP Barbara J. Runyon, decreasing her ownership by 9.66% and raising concerns about insider sentiment.

Royal Bank of Canada decreased its holdings in shares of Gentherm Inc (NASDAQ:THRM - Free Report) by 4.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 about 1.83% of Gentherm worth $15,079,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in THRM. Cerity Partners LLC grew its stake in Gentherm by 89.9% during the first quarter. Cerity Partners LLC now owns 52,505 shares of the auto parts company's stock worth $1,404,000 after buying an additional 24,857 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Gentherm by 12.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,477 shares of the auto parts company's stock worth $424,000 after buying an additional 1,676 shares during the period. GAMMA Investing LLC lifted its holdings in Gentherm by 11,463.4% in the first quarter. GAMMA Investing LLC now owns 56,314 shares of the auto parts company's stock valued at $1,506,000 after buying an additional 55,827 shares during the period. Deutsche Bank AG boosted 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 acquiring an additional 10,192 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Gentherm by 22.0% during the 4th quarter. Bank of America Corp DE now owns 140,869 shares of the auto parts company's stock worth $5,624,000 after acquiring an additional 25,432 shares during the period. Institutional investors own 97.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Gentherm from $37.00 to $38.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. 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 target price on Gentherm from $28.00 to $35.00 and gave the stock an "outperform" rating in a report on Friday, July 11th. Wall Street Zen raised Gentherm from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Finally, Zacks Research lowered shares of Gentherm from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $46.00.

Gentherm Stock Down 3.3%

THRM traded down $1.20 on Friday, hitting $34.81. 134,120 shares of the company were exchanged, compared to its average volume of 201,716. The stock's fifty day moving average is $33.80 and its 200-day moving average is $29.83. Gentherm Inc has a 12 month low of $22.75 and a 12 month high of $51.00. 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 company has a market cap of $1.06 billion, a PE ratio of 34.13 and a beta of 1.42.

Gentherm (NASDAQ:THRM - Get Free Report) last posted its quarterly earnings results 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). Gentherm had a return on equity of 9.90% and a net margin of 2.18%.The company had revenue of $375.09 million for the quarter, compared to analyst estimates of $358.09 million. During the same period last year, the firm earned $0.66 EPS. The firm's revenue for the quarter was down .2% compared to the same quarter last year. Gentherm has set its FY 2025 guidance at EPS. Equities research analysts predict that Gentherm Inc will post 3.1 EPS for the current fiscal year.

Insider Activity at Gentherm

In other news, SVP Barbara J. Runyon sold 3,348 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $34.82, for a total transaction of $116,577.36. Following the transaction, the senior vice president directly owned 31,316 shares in the company, valued at $1,090,423.12. The trade was a 9.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is currently owned by company insiders.

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.