Invesco Ltd. Has $7.39 Million Stock Position in Gentherm Inc $THRM

Key Points

• Invesco Ltd. increased its holdings in Gentherm Inc by 15.7% during Q1, acquiring an additional 37,526 shares, bringing its total to 276,501 shares worth approximately $7.39 million.
• Despite the increase in holdings, several other hedge funds made various changes to their positions in Gentherm, indicating a strong interest in the auto parts company among institutional investors, who now own 97.13% of the stock.
• Gentherm's latest earnings report revealed an EPS of $0.54, missing the consensus estimate by $0.05, while the company reported a revenue of $375.09 million, surpassing analyst estimates.

Invesco Ltd. grew its position in shares of Gentherm Inc (NASDAQ:THRM - Free Report) by 15.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 276,501 shares of the auto parts company's stock after buying an additional 37,526 shares during the period. Invesco Ltd. owned approximately 0.90% of Gentherm worth $7,394,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC bought a new position in shares of Gentherm in the first quarter worth $26,000. Versant Capital Management Inc bought a new position in shares of Gentherm in the first quarter worth $28,000. GAMMA Investing LLC increased its position 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 worth $56,000 after purchasing an additional 1,619 shares during the period. Quarry LP increased its position 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 worth $70,000 after purchasing an additional 1,218 shares during the period. Finally, 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 worth $90,000 after purchasing an additional 565 shares during the period. Institutional investors own 97.13% of the company's stock.

Gentherm Trading Down 0.2%

Shares of THRM stock traded down $0.08 during mid-day trading on Friday, reaching $36.77. 165,930 shares of the stock traded hands, compared to its average volume of 228,751. The stock's fifty day simple moving average is $32.42 and its two-hundred day simple moving average is $29.68. Gentherm Inc has a 1-year low of $22.75 and a 1-year high of $51.51. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 36.05 and a beta of 1.42. 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 announced its quarterly earnings results on Thursday, July 24th. The auto parts company reported $0.54 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 analyst estimates of $358.09 million. During the same period in the previous year, the business posted $0.66 earnings per share. The business's revenue for the quarter was down .2% compared to the same quarter last year. Gentherm has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Gentherm Inc will post 3.1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Baird R W upgraded Gentherm from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 11th. JPMorgan Chase & Co. raised their price objective on Gentherm from $37.00 to $38.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Robert W. Baird raised their price objective on Gentherm from $28.00 to $35.00 and gave the company an "outperform" rating in a research note on Friday, July 11th. Wall Street Zen lowered Gentherm from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Finally, Zacks Research lowered Gentherm from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. One equities research 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $46.00.

Insider Activity at Gentherm

In other news, SVP Barbara J. Runyon sold 3,348 shares of Gentherm stock in a transaction dated 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 directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.40% of the company's stock.

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.