Gentherm Inc $THRM is Trigran Investments Inc.'s 4th Largest Position

Key Points

• Trigran Investments Inc. has increased its holdings in Gentherm Inc by 11.0%, owning approximately 2.21 million shares which makes up about 8.7% of their portfolio.
• Gentherm's stock recently opened at $35.04 and has a market cap of $1.07 billion, with a debt-to-equity ratio of 0.30.
• Despite reporting a missed earnings estimate for the previous quarter, analysts have set a consensus target price of $46.00 for Gentherm, with most ratings indicating a Buy.

Trigran Investments Inc. grew its holdings in Gentherm Inc (NASDAQ:THRM - Free Report) by 11.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,210,388 shares of the auto parts company's stock after acquiring an additional 219,450 shares during the period. Gentherm comprises 8.7% of Trigran Investments Inc.'s holdings, making the stock its 4th biggest position. Trigran Investments Inc. owned about 7.16% of Gentherm worth $59,106,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in THRM. FNY Investment Advisers LLC purchased a new stake in shares of Gentherm in the 1st quarter valued at $26,000. Versant Capital Management Inc purchased a new stake in shares of Gentherm in the 1st quarter valued at $28,000. GAMMA Investing LLC boosted its holdings in shares of Gentherm by 332.4% in the 1st quarter. GAMMA Investing LLC now owns 2,106 shares of the auto parts company's stock valued at $56,000 after acquiring an additional 1,619 shares during the last quarter. Quarry LP boosted its holdings in shares of Gentherm by 226.8% in the 4th quarter. Quarry LP now owns 1,755 shares of the auto parts company's stock valued at $70,000 after acquiring an additional 1,218 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in shares of Gentherm by 20.2% in the 1st quarter. US Bancorp DE now owns 3,364 shares of the auto parts company's stock valued at $90,000 after acquiring an additional 565 shares during the last quarter. 97.13% of the stock is owned by hedge funds and other institutional investors.

Gentherm Price Performance

Shares of NASDAQ:THRM traded up $1.84 during midday trading on Friday, reaching $36.51. 94,602 shares of the company's stock traded hands, compared to its average volume of 311,276. Gentherm Inc has a 1 year low of $22.75 and a 1 year high of $51.73. The company has a market cap of $1.11 billion, a P/E ratio of 35.79 and a beta of 1.45. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.35 and a current ratio of 2.01. The company has a fifty day simple moving average of $31.31 and a two-hundred day simple moving average of $29.76.

Gentherm (NASDAQ:THRM - Get Free Report) last announced its 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 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 analysts' expectations of $358.09 million. During the same quarter last year, the business earned $0.66 EPS. The company's quarterly revenue was down .2% on a year-over-year basis. Gentherm has set its FY 2025 guidance at EPS. Equities analysts predict that Gentherm Inc will post 3.1 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on THRM. Wall Street Zen raised shares of Gentherm from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. JPMorgan Chase & Co. lifted their target price on shares of Gentherm from $37.00 to $38.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Robert W. Baird lifted their target price on shares of Gentherm from $28.00 to $35.00 and gave the company an "outperform" rating in a report on Friday, July 11th. Baird R W raised shares of Gentherm from a "hold" rating to a "strong-buy" rating in a report on Friday, July 11th. Finally, Zacks Research lowered shares of Gentherm from a "strong-buy" rating to a "hold" rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock 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.