52,042 Shares in Gentherm Inc $THRM Acquired by Panagora Asset Management Inc.

Key Points

• Panagora Asset Management Inc. has invested approximately $1.39 million in Gentherm Inc. by acquiring 52,042 shares, representing a 0.17% ownership stake as of the latest filing.
• Several other institutional investors have also increased their holdings in Gentherm, with institutional ownership now at 97.13% of the company's stock.
• Analysts have mixed views on Gentherm's future, with a consensus rating of "Moderate Buy" and a price target of $46.00, even as the stock has experienced a 1.2% decline recently.

Panagora Asset Management Inc. acquired a new position in shares of Gentherm Inc (NASDAQ:THRM - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 52,042 shares of the auto parts company's stock, valued at approximately $1,392,000. Panagora Asset Management Inc. owned approximately 0.17% of Gentherm as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. FNY Investment Advisers LLC acquired a new position in Gentherm during the first quarter worth $26,000. Versant Capital Management Inc purchased a new position in shares of Gentherm in the first quarter valued at approximately $28,000. GAMMA Investing LLC lifted its stake in 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 acquiring an additional 1,619 shares during the last quarter. US Bancorp DE lifted its stake in 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 acquiring an additional 565 shares during the last quarter. Finally, Palouse Capital Management Inc. lifted its position in shares of Gentherm by 65.4% during the 1st 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 during the last quarter. 97.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Barbara J. Runyon sold 3,348 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $34.82, for a total transaction of $116,577.36. Following the transaction, the senior vice president directly owned 31,316 shares of the company's stock, valued at approximately $1,090,423.12. This represents a 9.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by corporate insiders.

Gentherm Trading Down 1.8%

NASDAQ:THRM traded down $0.66 during mid-day trading on Tuesday, hitting $35.95. The company had a trading volume of 31,085 shares, compared to its average volume of 307,923. Gentherm Inc has a fifty-two week low of $22.75 and a fifty-two week high of $51.00. The business's fifty day moving average is $33.40 and its two-hundred day moving average is $29.75. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.35 and a current ratio of 2.01. The firm has a market cap of $1.10 billion, a P/E ratio of 35.24 and a beta of 1.42.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on THRM shares. Robert W. Baird upped their price objective 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. Wall Street Zen upgraded Gentherm from a "hold" rating to a "buy" rating in a research note on Friday. JPMorgan Chase & Co. boosted their price target on shares of Gentherm from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Zacks Research cut Gentherm from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. Finally, Baird R W upgraded Gentherm from a "hold" rating to a "strong-buy" rating in a report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Gentherm has an average rating of "Moderate Buy" and an average 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.