Panagora Asset Management Inc. Purchases New Holdings in Gentherm Inc $THRM

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. purchased a new stake in shares of Gentherm Inc (NASDAQ:THRM - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 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 filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC acquired a new position in shares of Gentherm during the first quarter valued at about $26,000. Versant Capital Management Inc acquired a new stake in Gentherm in the 1st quarter valued at $28,000. GAMMA Investing LLC increased its stake in shares of Gentherm by 332.4% during the 1st 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 last quarter. US Bancorp DE boosted its holdings in shares of Gentherm by 20.2% during the 1st 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 during the period. Finally, Palouse Capital Management Inc. boosted its holdings in Gentherm by 65.4% in the 1st quarter. Palouse Capital Management Inc. now owns 5,930 shares of the auto parts company's stock valued at $159,000 after purchasing an additional 2,345 shares during the period. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

Gentherm Price Performance

THRM stock traded up $0.49 on Monday, reaching $36.55. 72,673 shares of the company's stock were exchanged, compared to its average volume of 309,123. 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 twelve month low of $22.75 and a twelve month high of $51.00. The stock has a fifty day moving average of $33.24 and a 200-day moving average of $29.73. The firm has a market cap of $1.12 billion, a PE ratio of 35.90 and a beta of 1.42.

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 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 company had revenue of $375.09 million during the quarter, compared to analyst estimates of $358.09 million. During the same quarter last year, the business posted $0.66 EPS. Gentherm'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, equities analysts predict that Gentherm Inc will post 3.1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on THRM shares. JPMorgan Chase & Co. upped their price objective on shares of 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 lifted their target price 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 raised shares of Gentherm from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 11th. Wall Street Zen upgraded shares of Gentherm from a "hold" rating to a "buy" rating in a research note on Friday. Finally, Zacks Research downgraded Gentherm from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $46.00.

Insider Buying and Selling at Gentherm

In other Gentherm news, SVP Barbara J. Runyon sold 3,348 shares of the 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 transaction, the senior vice president directly owned 31,316 shares in the company, valued at approximately $1,090,423.12. This trade represents a 9.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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.