Gentherm Inc $THRM Shares Sold by Northern Trust Corp

Key Points

• Northern Trust Corp reduced its holdings in Gentherm Inc by 4.9%, owning 366,785 shares valued at approximately $9.8 million.
• Several institutional investors have increased their stakes in Gentherm, with Hsbc Holdings PLC growing its share by 41.9%.
• Gentherm's stock price has seen a slight increase of 0.6%, with a current market capitalization of $1.1 billion and a PE ratio of 35.35.

Northern Trust Corp lessened its position in Gentherm Inc (NASDAQ:THRM - Free Report) by 4.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 366,785 shares of the auto parts company's stock after selling 18,771 shares during the quarter. Northern Trust Corp owned about 1.19% of Gentherm worth $9,808,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. FNY Investment Advisers LLC purchased a new position in Gentherm during the first quarter worth approximately $26,000. Versant Capital Management Inc purchased a new position in Gentherm during the first quarter worth approximately $28,000. GAMMA Investing LLC lifted its position in Gentherm by 332.4% during the first quarter. GAMMA Investing LLC now owns 2,106 shares of the auto parts company's stock worth $56,000 after buying an additional 1,619 shares in the last quarter. US Bancorp DE lifted its position in Gentherm by 20.2% during the first quarter. US Bancorp DE now owns 3,364 shares of the auto parts company's stock worth $90,000 after buying an additional 565 shares in the last quarter. Finally, Palouse Capital Management Inc. lifted its position in Gentherm by 65.4% during the first quarter. Palouse Capital Management Inc. now owns 5,930 shares of the auto parts company's stock worth $159,000 after buying an additional 2,345 shares in the last quarter. Hedge funds and other institutional investors own 97.13% of the company's stock.

Insider Buying and Selling at Gentherm

In other news, SVP Barbara J. Runyon sold 3,348 shares of Gentherm stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $34.82, for a total value of $116,577.36. Following the completion of the sale, the senior vice president directly owned 31,316 shares of the company's stock, valued at approximately $1,090,423.12. The trade was a 9.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.40% of the company's stock.

Gentherm Trading Up 2.8%

THRM stock traded up $0.97 during midday trading on Thursday, hitting $36.01. 154,201 shares of the company's stock were exchanged, compared to its average volume of 205,757. The business has a 50-day simple moving average of $33.72 and a two-hundred day simple moving average of $29.84. 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 $1.10 billion, a PE ratio of 35.30 and a beta of 1.42. Gentherm Inc has a 1-year low of $22.75 and a 1-year high of $51.00.

Gentherm (NASDAQ:THRM - Get Free Report) last posted its 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 business 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%.Gentherm's revenue was down .2% compared to the same quarter last year. During the same period last year, the business earned $0.66 EPS. Gentherm has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Gentherm Inc will post 3.1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on THRM shares. Robert W. Baird lifted their price objective on Gentherm from $28.00 to $35.00 and gave the stock an "outperform" rating in a research report on Friday, July 11th. Wall Street Zen upgraded Gentherm from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. JPMorgan Chase & Co. lifted their price objective on Gentherm from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Zacks Research downgraded Gentherm from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 20th. Finally, Baird R W raised Gentherm from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 11th. One 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. According to MarketBeat, Gentherm currently 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.