Vanguard Group Inc. Sells 31,933 Shares of Gentherm Inc $THRM

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. reduced its stake in Gentherm Inc (NASDAQ:THRM - Free Report) by 0.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,635,618 shares of the auto parts company's stock after selling 31,933 shares during the period. Vanguard Group Inc. owned approximately 11.78% of Gentherm worth $97,216,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. FNY Investment Advisers LLC bought a new stake in shares of Gentherm in the first quarter valued at approximately $26,000. Versant Capital Management Inc bought a new stake in shares of Gentherm in the first quarter valued at approximately $28,000. Quarry LP boosted its stake in shares of 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 buying an additional 1,218 shares during the period. GAMMA Investing LLC boosted its stake in shares of 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 buying an additional 1,619 shares during the period. Finally, US Bancorp DE boosted its stake 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 during the period. 97.13% of the stock is currently owned by institutional investors.

Gentherm Price Performance

Shares of NASDAQ:THRM traded down $0.32 during trading on Thursday, hitting $36.85. 230,934 shares of the company were exchanged, compared to its average volume of 240,489. The business's 50 day moving average is $32.24 and its 200-day moving average is $29.76. The company has a market capitalization of $1.12 billion, a P/E ratio of 36.13 and a beta of 1.45. 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 Inc has a 1-year low of $22.75 and a 1-year high of $51.51.

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

Insider Activity

In other news, SVP Barbara J. Runyon sold 3,348 shares of the company's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $34.82, for a total transaction of $116,577.36. Following the completion of the transaction, the senior vice president directly 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 Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.40% of the company's stock.

Wall Street Analysts Forecast Growth

THRM has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Gentherm from $37.00 to $38.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Zacks Research downgraded shares of Gentherm from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 20th. Robert W. Baird boosted their price objective on shares of Gentherm from $28.00 to $35.00 and gave the company an "outperform" rating in a research report on Friday, July 11th. Baird R W upgraded shares of Gentherm from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 11th. Finally, Wall Street Zen downgraded shares of Gentherm from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.