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Raymond James Financial Inc. Sells 236,296 Shares of Gentherm Inc $THRM

Gentherm logo with Auto/Tires/Trucks background

Key Points

  • Raymond James Financial Inc. reduced its holdings in Gentherm Inc by 61.3% during the first quarter, leaving it with 149,431 shares, worth approximately $3.996 million.
  • Gentherm's stock currently has a 12-month high of $51.00 and is trading at around $36.06, following a reported earnings per share (EPS) of $0.54 which missed analyst estimates.
  • Analyst ratings for Gentherm vary, with two firms upgrading the stock to a Strong Buy and others maintaining a Hold rating, leading to a consensus rating of Moderate Buy.
  • MarketBeat previews the top five stocks to own by November 1st.

Raymond James Financial Inc. cut its stake in Gentherm Inc (NASDAQ:THRM - Free Report) by 61.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,431 shares of the auto parts company's stock after selling 236,296 shares during the period. Raymond James Financial Inc. owned 0.48% of Gentherm worth $3,996,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. GW&K Investment Management LLC boosted its holdings in Gentherm by 4.3% in the first quarter. GW&K Investment Management LLC now owns 902,263 shares of the auto parts company's stock valued at $24,126,000 after acquiring an additional 37,552 shares during the last quarter. Global Alpha Capital Management Ltd. boosted its holdings in Gentherm by 14.7% in the first quarter. Global Alpha Capital Management Ltd. now owns 898,083 shares of the auto parts company's stock valued at $24,015,000 after acquiring an additional 115,100 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Gentherm by 8.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 529,708 shares of the auto parts company's stock valued at $14,164,000 after buying an additional 43,143 shares during the period. Northern Trust Corp lifted its stake in Gentherm by 16.2% in the fourth quarter. Northern Trust Corp now owns 385,556 shares of the auto parts company's stock valued at $15,393,000 after buying an additional 53,688 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in Gentherm by 21.7% in the fourth quarter. Ameriprise Financial Inc. now owns 350,050 shares of the auto parts company's stock valued at $13,976,000 after buying an additional 62,483 shares during the period. 97.13% of the stock is currently owned by institutional investors.

Insider Transactions at Gentherm

In related news, SVP Barbara J. Runyon sold 3,348 shares of the company's stock in a transaction 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 completion of the sale, the senior vice president owned 31,316 shares in the company, valued at approximately $1,090,423.12. This represents a 9.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.40% of the company's stock.

Wall Street Analyst Weigh In

Several equities 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. Wall Street Zen raised Gentherm from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Zacks Research lowered Gentherm from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. Robert W. Baird boosted their price target on Gentherm from $28.00 to $35.00 and gave the company an "outperform" rating in a research note on Friday, July 11th. Finally, JPMorgan Chase & Co. boosted 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. One equities research 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $46.00.

Check Out Our Latest Stock Report on THRM

Gentherm Stock Up 2.8%

Shares of NASDAQ:THRM traded up $0.97 during trading on Thursday, reaching $36.01. 154,201 shares of the stock were exchanged, compared to its average volume of 205,757. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.35. Gentherm Inc has a 1-year low of $22.75 and a 1-year high of $51.00. The stock has a fifty day moving average of $33.72 and a two-hundred day moving average of $29.84. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 35.30 and a beta of 1.42.

Gentherm (NASDAQ:THRM - Get Free Report) last issued its earnings results 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 for the quarter, compared to analyst estimates of $358.09 million. During the same period in the previous year, the company earned $0.66 earnings per share. Gentherm's revenue for the quarter was down .2% compared to the same quarter last year. Gentherm has set its FY 2025 guidance at EPS. Research analysts anticipate that Gentherm Inc will post 3.1 earnings per share for the current fiscal year.

Gentherm Profile

(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.

See Also

Institutional Ownership by Quarter for Gentherm (NASDAQ:THRM)

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