18,083 Shares in Gentherm Inc $THRM Bought by Wealthedge Investment Advisors LLC

Wealthedge Investment Advisors LLC acquired a new stake in Gentherm Inc (NASDAQ:THRM) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,083 shares of the auto parts company’s stock, valued at approximately $512,000. Wealthedge Investment Advisors LLC owned 0.06% of Gentherm as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of THRM. LPL Financial LLC increased its stake in shares of Gentherm by 6.3% in the first quarter. LPL Financial LLC now owns 55,405 shares of the auto parts company’s stock valued at $1,401,000 after buying an additional 3,293 shares during the period. Natixis Advisors LLC increased its position in shares of Gentherm by 7.3% during the first quarter. Natixis Advisors LLC now owns 14,879 shares of the auto parts company’s stock worth $398,000 after buying an additional 1,015 shares during the period. US Bancorp DE lifted its holdings 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 during the period. Westwood Holdings Group Inc. grew its holdings in Gentherm by 20.0% during the 1st quarter. Westwood Holdings Group Inc. now owns 23,494 shares of the auto parts company’s stock worth $628,000 after acquiring an additional 3,921 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Gentherm by 8.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 529,708 shares of the auto parts company’s stock worth $14,164,000 after purchasing an additional 43,143 shares during the period. 97.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on THRM. Wall Street Zen upgraded Gentherm from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 25th. Zacks Research downgraded shares of Gentherm from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. raised their price target on shares of Gentherm from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gentherm in a research note on Tuesday, November 25th. Finally, Roth Capital reissued a “buy” rating and set a $44.00 price objective on shares of Gentherm in a research report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.00.

Gentherm Price Performance

THRM stock opened at $35.71 on Monday. The company has a market capitalization of $1.09 billion, a P/E ratio of 35.71 and a beta of 1.46. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.33 and a current ratio of 1.96. Gentherm Inc has a 52-week low of $22.75 and a 52-week high of $43.99. The business has a 50-day simple moving average of $35.41 and a two-hundred day simple moving average of $32.90.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Thursday, October 23rd. The auto parts company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.09. The company had revenue of $386.87 million during the quarter, compared to the consensus estimate of $374.75 million. Gentherm had a return on equity of 9.55% and a net margin of 2.08%.Gentherm’s revenue was up 4.1% on a year-over-year basis. During the same period last year, the business posted $0.75 earnings per share. Gentherm has set its FY 2025 guidance at EPS. Research analysts expect that Gentherm Inc will post 3.1 EPS for the current fiscal year.

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.