Russell Investments Group Ltd. Increases Stock Holdings in Gentherm Inc $THRM

Key Points

• Russell Investments Group Ltd. increased its stake in Gentherm Inc by 21.7%, acquiring an additional 14,998 shares during the first quarter, bringing its total ownership to 84,243 shares valued at approximately $2.25 million.
• Gentherm recently reported earnings that fell short of analyst expectations, posting $0.54 EPS against an estimated $0.59, while its quarterly revenue reached $375.09 million, slightly above the forecast.
• Gentherm's stock has experienced analyst rating changes, with Zacks Research downgrading it to a "hold" rating while Robert W. Baird upgraded it to an "outperform" rating, raising the price target to $35.00.

Russell Investments Group Ltd. grew its stake in Gentherm Inc (NASDAQ:THRM - Free Report) by 21.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,243 shares of the auto parts company's stock after purchasing an additional 14,998 shares during the period. Russell Investments Group Ltd. owned approximately 0.27% of Gentherm worth $2,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Comerica Bank grew its position in shares of Gentherm by 1.4% in the fourth quarter. Comerica Bank now owns 21,012 shares of the auto parts company's stock valued at $839,000 after purchasing an additional 300 shares in the last quarter. US Bancorp DE grew its position in shares of 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 purchasing an additional 565 shares in the last quarter. Rhumbline Advisers grew its position in shares of Gentherm by 0.7% in the first quarter. Rhumbline Advisers now owns 91,414 shares of the auto parts company's stock valued at $2,444,000 after purchasing an additional 656 shares in the last quarter. Barclays PLC raised its position in shares of Gentherm by 1.4% during the 4th quarter. Barclays PLC now owns 62,346 shares of the auto parts company's stock valued at $2,489,000 after buying an additional 880 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in Gentherm in the first quarter valued at approximately $26,000. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Gentherm

In related news, SVP Barbara J. Runyon sold 3,348 shares of Gentherm stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $34.82, for a total value of $116,577.36. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Gentherm Stock Down 0.2%

THRM traded down $0.08 during trading hours on Friday, hitting $36.77. 165,930 shares of the company's stock were exchanged, compared to its average volume of 228,751. Gentherm Inc has a 12-month low of $22.75 and a 12-month high of $51.51. The firm has a 50 day moving average of $32.42 and a 200 day moving average of $29.68. The firm has a market cap of $1.12 billion, a P/E ratio of 36.05 and a beta of 1.42. The company has a current ratio of 2.01, a quick ratio of 1.35 and a debt-to-equity ratio of 0.30.

Gentherm (NASDAQ:THRM - Get Free Report) last issued its quarterly 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 return on equity of 9.90% and a net margin of 2.18%.The firm had revenue of $375.09 million during the quarter, compared to analysts' expectations of $358.09 million. During the same quarter in the prior year, the firm earned $0.66 EPS. The firm's revenue was down .2% compared to the same quarter last year. Gentherm has set its FY 2025 guidance at EPS. Analysts predict that Gentherm Inc will post 3.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

THRM has been the topic of a number of recent analyst reports. Zacks Research cut Gentherm from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 20th. Wall Street Zen cut Gentherm from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. JPMorgan Chase & Co. upped their price objective 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 shares of Gentherm from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 11th. Finally, Robert W. Baird increased 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. One research 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's stock. According to data from MarketBeat, Gentherm has an average rating of "Moderate Buy" and an average price target of $46.00.

About Gentherm

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.