Gentherm Inc $THRM Shares Sold by Guinness Asset Management LTD

Key Points

• Guinness Asset Management LTD reduced its holdings in Gentherm Inc (NASDAQ:THRM) by 49% in the first quarter, now owning approximately 121,616 shares worth $3.25 million.
• Gentherm's stock price is currently at $36.01, reflecting a 2.8% increase; the company has a market cap of $1.10 billion and a price-to-earnings ratio of 35.30.
• Analysts have mixed views on Gentherm, with recent upgrades and downgrades leading to a consensus rating of "Moderate Buy" and a price target of $46.00.

Guinness Asset Management LTD lowered its holdings in shares of Gentherm Inc (NASDAQ:THRM - Free Report) by 49.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 121,616 shares of the auto parts company's stock after selling 116,655 shares during the period. Guinness Asset Management LTD owned about 0.39% of Gentherm worth $3,254,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in THRM. Trigran Investments Inc. raised its position in Gentherm by 11.0% during the first quarter. Trigran Investments Inc. now owns 2,210,388 shares of the auto parts company's stock worth $59,106,000 after acquiring an additional 219,450 shares during the last quarter. Global Alpha Capital Management Ltd. grew its holdings in shares of Gentherm by 14.7% during the first quarter. Global Alpha Capital Management Ltd. now owns 898,083 shares of the auto parts company's stock worth $24,015,000 after buying an additional 115,100 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Gentherm during the first quarter worth about $3,066,000. Cubist Systematic Strategies LLC grew its holdings in shares of Gentherm by 212.8% during the first quarter. Cubist Systematic Strategies LLC now owns 147,064 shares of the auto parts company's stock worth $3,932,000 after buying an additional 100,046 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Gentherm during the first quarter worth about $2,324,000. Institutional investors and hedge funds own 97.13% of the company's stock.

Insider Transactions at Gentherm

In related news, SVP Barbara J. Runyon sold 3,348 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $34.82, for a total value of $116,577.36. Following the completion of the transaction, the senior vice president owned 31,316 shares in the company, valued at $1,090,423.12. This represents a 9.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.40% of the stock is owned by corporate insiders.

Gentherm Stock Up 2.8%

Shares of NASDAQ:THRM opened at $36.01 on Friday. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 35.30 and a beta of 1.42. Gentherm Inc has a 1-year low of $22.75 and a 1-year high of $51.00. The company's fifty day moving average is $33.72 and its two-hundred day moving average is $29.84. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.35 and a current ratio of 2.01.

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

Analysts Set New Price Targets

THRM has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Gentherm from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Baird R W upgraded shares of Gentherm from a "hold" rating to a "strong-buy" rating in a report on Friday, July 11th. JPMorgan Chase & Co. increased their price objective 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. Zacks Research downgraded Gentherm from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 20th. Finally, Robert W. Baird raised their target price on Gentherm from $28.00 to $35.00 and gave the company an "outperform" rating in a report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.

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