Public Sector Pension Investment Board Acquires 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 raised its holdings in Gentherm Inc (NASDAQ:THRM - Free Report) by 27.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 98,254 shares of the auto parts company's stock after acquiring an additional 21,056 shares during the period. Public Sector Pension Investment Board owned approximately 0.32% of Gentherm worth $2,627,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of THRM. Raymond James Financial Inc. purchased a new stake in shares of Gentherm in the 4th quarter valued at about $15,400,000. Global Alpha Capital Management Ltd. raised its holdings in shares of Gentherm by 14.7% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 898,083 shares of the auto parts company's stock valued at $24,015,000 after acquiring an additional 115,100 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Gentherm in the 1st quarter valued at about $3,066,000. Nuveen LLC purchased a new stake in shares of Gentherm in the 1st quarter valued at about $2,324,000. Finally, Voloridge Investment Management LLC raised its holdings in shares of Gentherm by 280.9% in the 4th quarter. Voloridge Investment Management LLC now owns 114,187 shares of the auto parts company's stock valued at $4,559,000 after acquiring an additional 84,207 shares in the last quarter. Hedge funds and other institutional investors own 97.13% of the company's stock.

Gentherm Trading Up 5.3%

THRM traded up $1.84 on Friday, hitting $36.51. 260,346 shares of the company were exchanged, compared to its average volume of 252,258. The firm has a fifty day simple moving average of $31.49 and a two-hundred day simple moving average of $29.76. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.35 and a current ratio of 2.01. Gentherm Inc has a 12 month low of $22.75 and a 12 month high of $51.73. The stock has a market capitalization of $1.11 billion, a PE ratio of 35.79 and a beta of 1.45.

Gentherm (NASDAQ:THRM - Get Free Report) last posted its quarterly 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). Gentherm had a return on equity of 9.90% and a net margin of 2.18%.The company 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 earned $0.66 earnings per share. Gentherm's revenue was down .2% compared to the same quarter last year. Gentherm has set its FY 2025 guidance at EPS. Sell-side analysts expect that Gentherm Inc will post 3.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on THRM. JPMorgan Chase & Co. raised their price target on Gentherm from $37.00 to $38.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Baird R W raised Gentherm from a "hold" rating to a "strong-buy" rating in a report on Friday, July 11th. Zacks Research lowered Gentherm from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. Wall Street Zen lowered Gentherm from a "buy" rating to a "hold" rating in a research report on Friday. Finally, Robert W. Baird increased their price objective on Gentherm from $28.00 to $35.00 and gave the company an "outperform" rating in a research report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $46.00.

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.