Goldman Sachs Group Inc. Trims Stake in Gentherm Inc $THRM

Key Points

• Goldman Sachs reduced its stake in Gentherm Inc. by 22.3% during the first quarter, selling 40,415 shares and maintaining ownership of 140,850 shares worth approximately $3.77 million.
• Gentherm's most recent earnings report showed a miss on earnings per share, reporting $0.54 compared to analyst estimates of $0.59, with revenues of $375.09 million, slightly above expectations.
• Analysts have mixed ratings on Gentherm, with one upgrade to a "strong-buy" and a consensus target price of $46.00, indicating a moderate buy sentiment overall.

Goldman Sachs Group Inc. trimmed its position in Gentherm Inc (NASDAQ:THRM - Free Report) by 22.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 140,850 shares of the auto parts company's stock after selling 40,415 shares during the period. Goldman Sachs Group Inc. owned 0.46% of Gentherm worth $3,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Inspire Investing LLC grew its holdings in Gentherm by 26.8% during the first quarter. Inspire Investing LLC now owns 12,793 shares of the auto parts company's stock worth $342,000 after acquiring an additional 2,702 shares during the period. Rhumbline Advisers boosted its stake in shares of Gentherm by 0.7% during the 1st quarter. Rhumbline Advisers now owns 91,414 shares of the auto parts company's stock worth $2,444,000 after acquiring an additional 656 shares in the last quarter. Jane Street Group LLC grew its holdings in Gentherm by 389.2% in the first quarter. Jane Street Group LLC now owns 84,403 shares of the auto parts company's stock valued at $2,257,000 after purchasing an additional 67,150 shares during the period. Caxton Associates LLP acquired a new position in Gentherm during the first quarter worth $319,000. Finally, Petrus Trust Company LTA lifted its stake in Gentherm by 28.8% in the 1st quarter. Petrus Trust Company LTA now owns 28,374 shares of the auto parts company's stock valued at $759,000 after buying an additional 6,343 shares in the last quarter. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Gentherm news, SVP Barbara J. Runyon sold 3,348 shares of the firm's stock in a transaction that occurred 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 sale, the senior vice president owned 31,316 shares of the company's stock, valued at approximately $1,090,423.12. This trade represents a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by corporate insiders.

Gentherm Stock Up 0.1%

NASDAQ:THRM traded up $0.05 during trading hours on Monday, hitting $35.05. The company's stock had a trading volume of 140,502 shares, compared to its average volume of 225,925. Gentherm Inc has a 52-week low of $22.75 and a 52-week high of $49.32. 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 stock has a market capitalization of $1.07 billion, a P/E ratio of 34.36 and a beta of 1.42. The stock has a fifty day moving average of $34.41 and a 200-day moving average of $29.95.

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on THRM shares. Baird R W raised shares of Gentherm from a "hold" rating to a "strong-buy" rating in a report on Friday, July 11th. JPMorgan Chase & Co. increased their price target on Gentherm from $37.00 to $38.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Zacks Research downgraded shares of Gentherm from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 20th. Robert W. Baird increased their price target on shares of Gentherm from $28.00 to $35.00 and gave the stock an "outperform" rating in a research report on Friday, July 11th. Finally, Wall Street Zen raised Gentherm from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Gentherm currently has an average rating of "Moderate Buy" and a consensus target price of $46.00.

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.