Guinness Asset Management LTD Cuts Position in Gentherm Inc $THRM

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 lessened its stake in shares of Gentherm Inc (NASDAQ:THRM - Free Report) by 49.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 121,616 shares of the auto parts company's stock after selling 116,655 shares during the quarter. Guinness Asset Management LTD owned approximately 0.39% of Gentherm worth $3,254,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. US Bancorp DE boosted its position in Gentherm by 20.2% during the 1st quarter. US Bancorp DE now owns 3,364 shares of the auto parts company's stock valued at $90,000 after acquiring an additional 565 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Gentherm by 0.7% in the 1st quarter. Rhumbline Advisers now owns 91,414 shares of the auto parts company's stock worth $2,444,000 after purchasing an additional 656 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Gentherm in the 1st quarter worth $26,000. Natixis Advisors LLC boosted its position in shares of Gentherm by 7.3% in the 1st quarter. Natixis Advisors LLC now owns 14,879 shares of the auto parts company's stock worth $398,000 after purchasing an additional 1,015 shares in the last quarter. Finally, Versant Capital Management Inc acquired a new stake in shares of Gentherm in the 1st quarter worth $28,000. Institutional investors own 97.13% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on THRM. JPMorgan Chase & Co. raised their price objective on Gentherm from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Baird R W raised Gentherm from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 11th. Zacks Research cut Gentherm from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 20th. Robert W. Baird raised 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. Finally, Wall Street Zen upgraded Gentherm from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. One investment 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.00.

Gentherm Price Performance

NASDAQ:THRM traded up $1.23 during trading hours on Wednesday, hitting $36.72. 58,313 shares of the stock were exchanged, compared to its average volume of 302,349. Gentherm Inc has a 52-week low of $22.75 and a 52-week high of $51.00. The firm's fifty day moving average price is $34.01 and its 200 day moving average price is $29.86. The company has a current ratio of 2.01, a quick ratio of 1.35 and a debt-to-equity ratio of 0.30. The company has a market cap of $1.12 billion, a P/E ratio of 35.88 and a beta of 1.42.

Gentherm (NASDAQ:THRM - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The auto parts company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.05). The firm had revenue of $375.09 million for the quarter, compared to analysts' expectations of $358.09 million. Gentherm had a return on equity of 9.90% and a net margin of 2.18%.Gentherm's quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 earnings per share. Gentherm has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Gentherm Inc will post 3.1 EPS for the current fiscal year.

Insider Buying and Selling at Gentherm

In other 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 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.40% of the stock is currently owned by corporate 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.