Gentherm (NASDAQ:THRM) SVP Sells $116,577.36 in Stock

Gentherm Inc (NASDAQ:THRM) SVP Barbara Runyon sold 3,348 shares of the business’s stock in a transaction dated 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 directly owned 31,316 shares of the company’s stock, valued at approximately $1,090,423.12. This represents a 9.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Gentherm Stock Performance

Shares of Gentherm stock opened at $37.17 on Thursday. Gentherm Inc has a one year low of $22.75 and a one year high of $51.51. The company has a market cap of $1.13 billion, a PE ratio of 36.44 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 business has a 50-day simple moving average of $32.05 and a 200-day simple moving average of $29.75.

Gentherm (NASDAQ:THRM) last announced 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). The business had revenue of $375.09 million during the quarter, compared to analyst estimates of $358.09 million. Gentherm had a net margin of 2.18% and a return on equity of 9.90%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the company earned $0.66 earnings per share. Gentherm has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Gentherm Inc will post 3.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on THRM. Baird R W raised Gentherm from a “hold” rating to a “strong-buy” rating in a report on Friday, July 11th. JPMorgan Chase & Co. upped 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. Wall Street Zen downgraded Gentherm from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. Robert W. Baird upped their price target on Gentherm from $28.00 to $35.00 and gave the company an “outperform” rating in a report on Friday, July 11th. Finally, Zacks Research downgraded Gentherm from a “strong-buy” rating to a “hold” rating in a 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 given a Hold rating to the company. Based on data from MarketBeat.com, Gentherm currently has a consensus rating of “Moderate Buy” and an average price target of $46.00.

Institutional Investors Weigh In On Gentherm

A number of institutional investors and hedge funds have recently added to or reduced their stakes in THRM. Barclays PLC lifted its stake in Gentherm by 1.4% in the fourth 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 last quarter. First Trust Advisors LP increased its holdings in shares of Gentherm by 89.5% in the fourth quarter. First Trust Advisors LP now owns 49,541 shares of the auto parts company’s stock valued at $1,978,000 after purchasing an additional 23,397 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Gentherm by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,217,681 shares of the auto parts company’s stock valued at $48,616,000 after purchasing an additional 62,562 shares during the period. MetLife Investment Management LLC increased its holdings in shares of Gentherm by 6.8% in the fourth quarter. MetLife Investment Management LLC now owns 19,254 shares of the auto parts company’s stock valued at $769,000 after purchasing an additional 1,226 shares during the period. Finally, Hsbc Holdings PLC increased its holdings in shares of Gentherm by 41.9% in the fourth quarter. Hsbc Holdings PLC now owns 8,985 shares of the auto parts company’s stock valued at $357,000 after purchasing an additional 2,654 shares during the period. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Gentherm Company 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.