Gentherm Inc $THRM Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has reduced its stake in Gentherm Inc by 0.9%, now holding 3,635,618 shares, which is about 11.78% of the company, valued at approximately $97.2 million.
• The company reported a Q2 earnings miss with an EPS of $0.54, falling short of the expected $0.59, and announced quarterly revenue of $375.09 million.
• Analyst ratings for Gentherm have varied, with Zacks cutting its rating to "hold," while Baird and JPMorgan raised their price targets to $35.00 and $38.00, respectively.

Vanguard Group Inc. lessened its holdings in shares of Gentherm Inc (NASDAQ:THRM - Free Report) by 0.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,635,618 shares of the auto parts company's stock after selling 31,933 shares during the quarter. Vanguard Group Inc. owned about 11.78% of Gentherm worth $97,216,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in THRM. FNY Investment Advisers LLC acquired a new stake in shares of Gentherm during the first quarter worth about $26,000. Versant Capital Management Inc acquired a new stake in Gentherm in the first quarter valued at approximately $28,000. GAMMA Investing LLC raised its holdings in Gentherm by 332.4% in the first quarter. GAMMA Investing LLC now owns 2,106 shares of the auto parts company's stock valued at $56,000 after acquiring an additional 1,619 shares in the last quarter. Quarry LP raised its holdings in Gentherm by 226.8% in the fourth quarter. Quarry LP now owns 1,755 shares of the auto parts company's stock valued at $70,000 after acquiring an additional 1,218 shares in the last quarter. Finally, US Bancorp DE raised its holdings in 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 acquiring an additional 565 shares in the last quarter. Institutional investors and hedge funds own 97.13% of the company's stock.

Gentherm Stock Performance

Shares of Gentherm stock opened at $36.51 on Friday. The firm has a market capitalization of $1.11 billion, a P/E ratio of 35.79 and a beta of 1.45. Gentherm Inc has a 52 week low of $22.75 and a 52 week high of $51.73. The company has a quick ratio of 1.35, a current ratio of 2.01 and a debt-to-equity ratio of 0.30. The firm's 50 day moving average is $31.49 and its two-hundred day moving average is $29.76.

Gentherm (NASDAQ:THRM - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $375.09 million during the quarter, compared to analysts' expectations of $358.09 million. Gentherm had a net margin of 2.18% and a return on equity of 9.90%. The business's revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.66 earnings per share. Gentherm has set its FY 2025 guidance at EPS. Research analysts forecast that Gentherm Inc will post 3.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

THRM has been the topic of several analyst reports. Zacks Research cut shares of Gentherm from a "strong-buy" rating to a "hold" rating in a report on Wednesday. Baird R W raised shares of Gentherm from a "hold" rating to a "strong-buy" rating in a report on Friday, July 11th. Wall Street Zen cut shares of Gentherm from a "buy" rating to a "hold" rating in a report on Friday. Robert W. Baird raised their target price on shares of Gentherm from $28.00 to $35.00 and gave the company an "outperform" rating in a report on Friday, July 11th. Finally, JPMorgan Chase & Co. increased their price target on shares of Gentherm from $37.00 to $38.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $46.00.

About Gentherm

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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