24,847 Shares in Gentherm Inc $THRM Bought by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP has acquired 24,847 shares of Gentherm Inc, valued at approximately $664,000, increasing its stake to 0.08% according to its latest SEC filing.
• Gentherm experienced a revenue of $375.09 million for the quarter, slightly exceeding analysts' expectations, although it reported an EPS of $0.54, which was below the consensus estimate of $0.59.
• Gentherm's stock has received mixed analyst ratings, with one firm upgrading it to a "strong-buy" while others have recently adjusted their price targets and ratings downward.

Quantbot Technologies LP bought a new stake in Gentherm Inc (NASDAQ:THRM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 24,847 shares of the auto parts company's stock, valued at approximately $664,000. Quantbot Technologies LP owned approximately 0.08% of Gentherm at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in THRM. FNY Investment Advisers LLC acquired a new stake in Gentherm in the first quarter valued at approximately $26,000. Versant Capital Management Inc acquired a new stake in Gentherm in the first quarter valued at approximately $28,000. GAMMA Investing LLC boosted its position in Gentherm by 332.4% in the first quarter. GAMMA Investing LLC now owns 2,106 shares of the auto parts company's stock valued at $56,000 after buying an additional 1,619 shares in the last quarter. Quarry LP boosted its position in Gentherm by 226.8% in the fourth quarter. Quarry LP now owns 1,755 shares of the auto parts company's stock valued at $70,000 after buying an additional 1,218 shares in the last quarter. Finally, US Bancorp DE boosted its position in Gentherm by 20.2% in the first quarter. US Bancorp DE now owns 3,364 shares of the auto parts company's stock valued at $90,000 after buying an additional 565 shares in the last quarter. Institutional investors and hedge funds own 97.13% of the company's stock.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of brokerages have weighed in on THRM. Robert W. Baird raised 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. Zacks Research lowered shares of Gentherm from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 20th. Wall Street Zen downgraded shares of Gentherm from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. JPMorgan Chase & Co. raised their price target 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. Finally, Baird R W raised shares of Gentherm from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $46.00.

Gentherm Trading Down 0.2%

Shares of THRM stock traded down $0.08 during trading hours on Friday, hitting $36.77. 165,930 shares of the company's stock traded hands, compared to its average volume of 236,517. The stock's 50 day simple moving average is $32.42 and its 200 day simple moving average is $29.72. The stock has a market cap of $1.12 billion, a PE ratio of 36.05 and a beta of 1.45. Gentherm Inc has a 12 month low of $22.75 and a 12 month high of $51.51. 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 released 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 net margin of 2.18% and a return on equity of 9.90%. The business had revenue of $375.09 million for the quarter, compared to the consensus estimate of $358.09 million. During the same period in the previous year, the business posted $0.66 EPS. Gentherm's revenue was down .2% on a year-over-year basis. Gentherm has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Gentherm Inc will post 3.1 EPS 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.