Public Sector Pension Investment Board Purchases 21,056 Shares of Gentherm Inc $THRM

Key Points

• The Public Sector Pension Investment Board increased its stake in Gentherm Inc by 27.3% during the first quarter, acquiring an additional 21,056 shares, bringing its total holdings to 98,254 shares.
• Several hedge funds have also made significant investments in Gentherm, with institutional investors owning 97.13% of the company's stock.
• Wall Street analysts are optimistic about Gentherm, with most ratings upgraded to Buy, and an average target price of $46.00 per share.

Public Sector Pension Investment Board lifted its position in shares of Gentherm Inc (NASDAQ:THRM - Free Report) by 27.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,254 shares of the auto parts company's stock after purchasing an additional 21,056 shares during the period. Public Sector Pension Investment Board owned 0.32% of Gentherm worth $2,627,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Comerica Bank increased its stake in shares of Gentherm by 1.4% during the fourth quarter. Comerica Bank now owns 21,012 shares of the auto parts company's stock worth $839,000 after purchasing an additional 300 shares during the period. US Bancorp DE increased its stake in shares of 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 purchasing an additional 565 shares during the period. Rhumbline Advisers increased its stake in shares of Gentherm by 0.7% during the first quarter. Rhumbline Advisers now owns 91,414 shares of the auto parts company's stock worth $2,444,000 after purchasing an additional 656 shares during the period. Barclays PLC increased its stake in shares of Gentherm by 1.4% during the fourth quarter. Barclays PLC now owns 62,346 shares of the auto parts company's stock worth $2,489,000 after purchasing an additional 880 shares during the period. Finally, FNY Investment Advisers LLC bought a new position in shares of Gentherm during the first quarter worth approximately $26,000. Institutional investors own 97.13% of the company's stock.

Wall Street Analyst Weigh In

THRM has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on Gentherm from $37.00 to $38.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Zacks Research lowered Gentherm from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. Robert W. Baird raised their price objective on Gentherm from $28.00 to $35.00 and gave the stock an "outperform" rating in a research note on Friday, July 11th. Baird R W upgraded Gentherm from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 11th. Finally, Wall Street Zen lowered Gentherm from a "buy" rating to a "hold" rating in a research note on Friday. One 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 stock. According to data from MarketBeat, Gentherm presently has a consensus rating of "Moderate Buy" and an average target price of $46.00.

Insiders Place Their Bets

In related news, SVP Barbara J. Runyon sold 3,348 shares of the business's stock in a transaction 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 sale, the senior vice president owned 31,316 shares in the company, valued at $1,090,423.12. The trade was a 9.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.40% of the stock is owned by corporate insiders.

Gentherm Price Performance

Shares of THRM stock traded up $0.25 during trading hours on Monday, reaching $36.76. The company's stock had a trading volume of 267,545 shares, compared to its average volume of 234,580. The firm's 50 day simple moving average is $31.67 and its 200-day simple moving average is $29.65. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 36.04 and a beta of 1.45. Gentherm Inc has a fifty-two week low of $22.75 and a fifty-two week high of $51.73. 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 issued its earnings results on Thursday, July 24th. The auto parts company reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by ($0.05). The business had revenue of $375.09 million during the quarter, compared to analyst estimates of $358.09 million. Gentherm had a net margin of 2.18% and a return on equity of 9.90%. The company's revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.66 EPS. Gentherm has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Gentherm Inc will post 3.1 earnings per share for the current year.

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.