Gentherm Inc $THRM Stake Decreased by SG Americas Securities LLC

SG Americas Securities LLC trimmed its holdings in Gentherm Inc (NASDAQ:THRM) by 41.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,112 shares of the auto parts company’s stock after selling 7,179 shares during the quarter. SG Americas Securities LLC’s holdings in Gentherm were worth $286,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in THRM. Trigran Investments Inc. boosted its position in Gentherm by 11.0% during the 1st quarter. Trigran Investments Inc. now owns 2,210,388 shares of the auto parts company’s stock worth $59,106,000 after acquiring an additional 219,450 shares during the period. Global Alpha Capital Management Ltd. lifted its holdings in Gentherm by 23.5% in the second quarter. Global Alpha Capital Management Ltd. now owns 1,109,383 shares of the auto parts company’s stock worth $31,384,000 after purchasing an additional 211,300 shares during the period. Geode Capital Management LLC grew its position in Gentherm by 4.4% in the 2nd quarter. Geode Capital Management LLC now owns 762,709 shares of the auto parts company’s stock valued at $21,579,000 after buying an additional 32,140 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Gentherm by 8.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 529,708 shares of the auto parts company’s stock valued at $14,164,000 after buying an additional 43,143 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Gentherm by 17.9% during the 1st quarter. American Century Companies Inc. now owns 322,423 shares of the auto parts company’s stock worth $8,622,000 after buying an additional 48,998 shares in the last quarter. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on THRM. Zacks Research cut shares of Gentherm from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gentherm in a research note on Tuesday. Wall Street Zen raised Gentherm from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. Roth Capital restated a “buy” rating and issued a $44.00 price objective on shares of Gentherm in a report on Friday, October 24th. Finally, Robert W. Baird set a $42.00 target price on Gentherm in a report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Gentherm has a consensus rating of “Moderate Buy” and an average price target of $43.00.

Gentherm Stock Performance

Shares of NASDAQ THRM opened at $35.71 on Friday. The stock’s fifty day simple moving average is $35.41 and its 200 day simple moving average is $32.86. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 35.71 and a beta of 1.46. The company has a quick ratio of 1.33, a current ratio of 1.96 and a debt-to-equity ratio of 0.26. Gentherm Inc has a 52-week low of $22.75 and a 52-week high of $43.99.

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

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.