Gentherm Inc $THRM Shares Sold by Raymond James Financial Inc.

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.

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

A number of other hedge funds have also made changes to their positions in the company. Comerica Bank increased its position in shares of Gentherm by 1.4% in the fourth quarter. Comerica Bank now owns 21,012 shares of the auto parts company's stock valued at $839,000 after buying an additional 300 shares in the last quarter. US Bancorp DE increased its position in shares of 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 increased 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 valued at $2,444,000 after buying an additional 656 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Gentherm during the 1st quarter worth about $26,000. Finally, Natixis Advisors LLC increased its position in Gentherm by 7.3% during 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. Hedge funds and other institutional investors own 97.13% of the company's stock.

Gentherm Stock Up 0.6%

Shares of THRM stock opened at $36.06 on Friday. Gentherm Inc has a 12 month low of $22.75 and a 12 month high of $51.00. The firm has a market cap of $1.10 billion, a PE ratio of 35.35 and a beta of 1.42. The stock has a 50 day moving average of $33.24 and a 200-day moving average of $29.78. The company has a quick ratio of 1.35, a current ratio of 2.01 and a debt-to-equity ratio of 0.30.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by ($0.05). Gentherm had a net margin of 2.18% and a return on equity of 9.90%. The firm had revenue of $375.09 million for the quarter, compared to the consensus estimate of $358.09 million. During the same quarter in the prior year, the firm posted $0.66 earnings per share. The business's revenue for the quarter was down .2% on a year-over-year basis. Gentherm has set its FY 2025 guidance at EPS. On average, equities analysts predict that Gentherm Inc will post 3.1 EPS for the current year.

Insider Activity at Gentherm

In other news, SVP Barbara J. Runyon sold 3,348 shares of the 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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.40% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on THRM. Zacks Research lowered Gentherm from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. Robert W. Baird upped their price target on Gentherm from $28.00 to $35.00 and gave the company an "outperform" rating in a research report on Friday, July 11th. Wall Street Zen raised Gentherm from a "hold" rating to a "buy" rating in a research report on Friday. Baird R W raised Gentherm from a "hold" rating to a "strong-buy" rating in a report on Friday, July 11th. Finally, JPMorgan Chase & Co. lifted their price target on Gentherm from $37.00 to $38.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. One research 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 stock. According to MarketBeat, Gentherm currently has a consensus rating of "Moderate Buy" and an average price target of $46.00.

Gentherm Company 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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