Trexquant Investment LP Takes Position in Gentherm Inc $THRM

Key Points

• Trexquant Investment LP made a new investment of approximately $1.07 million in Gentherm Inc by purchasing 39,823 shares in the first quarter, giving it a total ownership of 0.13% in the company.
• Analysts have mixed ratings for Gentherm, with JPMorgan Chase raising the target price to $38.00 and Zacks downgrading it to a "hold," while Baird R W upgraded it to a "strong-buy."
• Gentherm reported $0.54 earnings per share last quarter, falling short of the consensus estimate, while its revenue slightly declined by 0.2% compared to the previous year, amounting to $375.09 million.

Trexquant Investment LP purchased a new stake in Gentherm Inc (NASDAQ:THRM - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 39,823 shares of the auto parts company's stock, valued at approximately $1,065,000. Trexquant Investment LP owned approximately 0.13% of Gentherm at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of THRM. FNY Investment Advisers LLC acquired a new stake in shares of Gentherm during the 1st quarter worth about $26,000. Versant Capital Management Inc acquired a new stake in shares of Gentherm during the 1st quarter worth about $28,000. GAMMA Investing LLC raised its position 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 acquiring an additional 1,619 shares in the last quarter. US Bancorp DE raised its position 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 acquiring an additional 565 shares in the last quarter. Finally, Brevan Howard Capital Management LP acquired a new stake in shares of Gentherm during the 4th quarter worth about $205,000. Institutional investors and hedge funds own 97.13% of the company's stock.

Wall Street Analyst Weigh In

THRM has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their target price on Gentherm from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Baird R W raised Gentherm from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 11th. Robert W. Baird raised their target price on Gentherm from $28.00 to $35.00 and gave the stock an "outperform" rating in a research report on Friday, July 11th. Wall Street Zen raised Gentherm from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Finally, Zacks Research lowered Gentherm from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Gentherm currently has a consensus rating of "Moderate Buy" and an average target price of $46.00.

Gentherm Stock Performance

THRM traded down $1.20 during trading on Friday, hitting $34.81. 134,120 shares of the stock were exchanged, compared to its average volume of 201,716. The firm has a market capitalization of $1.06 billion, a P/E ratio of 34.13 and a beta of 1.42. Gentherm Inc has a 1-year low of $22.75 and a 1-year high of $51.00. The stock has a fifty day moving average price of $33.80 and a two-hundred day moving average price of $29.85. 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 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.05). The firm had revenue of $375.09 million for the quarter, compared to analyst estimates of $358.09 million. Gentherm had a return on equity of 9.90% and a net margin of 2.18%.The company's quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the firm earned $0.66 EPS. Gentherm has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Gentherm Inc will post 3.1 earnings per share for the current year.

Insider Activity

In other news, SVP Barbara J. Runyon sold 3,348 shares of the business's stock in a transaction that occurred 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 owned 31,316 shares of the company's stock, valued at approximately $1,090,423.12. The trade was a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.