Petrus Trust Company LTA Raises Stock Position in Gentherm Inc $THRM

Petrus Trust Company LTA lifted its stake in shares of Gentherm Inc (NASDAQ:THRM) by 28.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,374 shares of the auto parts company’s stock after acquiring an additional 6,343 shares during the quarter. Petrus Trust Company LTA’s holdings in Gentherm were worth $759,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. FNY Investment Advisers LLC purchased a new position in Gentherm during the first quarter valued at approximately $26,000. Versant Capital Management Inc purchased a new position in Gentherm during the first quarter valued at approximately $28,000. GAMMA Investing LLC increased its holdings in Gentherm by 332.4% during the first quarter. GAMMA Investing LLC now owns 2,106 shares of the auto parts company’s stock valued at $56,000 after buying an additional 1,619 shares during the period. US Bancorp DE increased its holdings in Gentherm by 20.2% during 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. Finally, Palouse Capital Management Inc. increased its holdings in Gentherm by 65.4% during the first quarter. Palouse Capital Management Inc. now owns 5,930 shares of the auto parts company’s stock valued at $159,000 after buying an additional 2,345 shares during the period. 97.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Gentherm

In related news, SVP Barbara J. Runyon sold 3,348 shares of the company’s stock in a transaction 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 directly owned 31,316 shares of the company’s stock, valued at $1,090,423.12. This represents a 9.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is owned by company insiders.

Gentherm Price Performance

NASDAQ THRM opened at $36.06 on Friday. The firm’s fifty day simple moving average is $33.24 and its two-hundred day simple moving average is $29.78. The company has a current ratio of 2.01, a quick ratio of 1.35 and a debt-to-equity ratio of 0.30. Gentherm Inc has a 12-month low of $22.75 and a 12-month high of $51.00. The firm has a market capitalization of $1.10 billion, a P/E ratio of 35.35 and a beta of 1.42.

Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Thursday, July 24th. The auto parts company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.05). Gentherm had a return on equity of 9.90% and a net margin of 2.18%.The firm had revenue of $375.09 million during the quarter, compared to analysts’ expectations of $358.09 million. During the same period in the prior year, the firm posted $0.66 earnings per share. Gentherm’s revenue for the quarter was down .2% compared to the same quarter last year. Gentherm has set its FY 2025 guidance at EPS. Analysts forecast that Gentherm Inc will post 3.1 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on THRM. Wall Street Zen raised shares of Gentherm from a “hold” rating to a “buy” rating in a report on Friday. Zacks Research lowered shares of Gentherm from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 20th. Robert W. Baird lifted their price objective on shares of Gentherm from $28.00 to $35.00 and gave the company an “outperform” rating in a report on Friday, July 11th. JPMorgan Chase & Co. lifted their price target on shares of Gentherm from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Finally, Baird R W raised shares of Gentherm from a “hold” rating to a “strong-buy” rating in a report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $46.00.

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.