Gentherm Inc $THRM Shares Bought by Boston Partners

Boston Partners lifted its position in shares of Gentherm Inc (NASDAQ:THRM) by 141.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,603 shares of the auto parts company’s stock after purchasing an additional 36,680 shares during the period. Boston Partners’ holdings in Gentherm were worth $1,771,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in THRM. Trigran Investments Inc. grew its holdings 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 valued at $59,106,000 after purchasing an additional 219,450 shares in the last quarter. Global Alpha Capital Management Ltd. boosted its position in Gentherm by 23.5% in the 2nd quarter. Global Alpha Capital Management Ltd. now owns 1,109,383 shares of the auto parts company’s stock valued at $31,384,000 after buying an additional 211,300 shares during the last quarter. Bastion Asset Management Inc. purchased a new position in Gentherm in the 2nd quarter valued at about $5,032,000. Segall Bryant & Hamill LLC grew its stake in shares of Gentherm by 32.3% during the second quarter. Segall Bryant & Hamill LLC now owns 679,879 shares of the auto parts company’s stock valued at $19,234,000 after acquiring an additional 166,057 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its position in shares of Gentherm by 212.8% during the first quarter. Cubist Systematic Strategies LLC now owns 147,064 shares of the auto parts company’s stock worth $3,932,000 after acquiring an additional 100,046 shares during the last quarter. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

Gentherm Stock Performance

Gentherm stock opened at $35.71 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.96 and a quick ratio of 1.33. Gentherm Inc has a 12 month low of $22.75 and a 12 month high of $43.99. The company has a fifty day moving average price of $35.41 and a two-hundred day moving average price of $32.90. The company has a market cap of $1.09 billion, a PE ratio of 35.71 and a beta of 1.46.

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Wall Street Zen raised Gentherm from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 25th. Zacks Research lowered Gentherm from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 20th. Roth Capital reiterated a “buy” rating and set a $44.00 target price on shares of Gentherm in a research note on Friday, October 24th. 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 research report on Monday, October 20th. Finally, Robert W. Baird set a $42.00 price target on shares of Gentherm in a 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, Gentherm currently has an average rating of “Moderate Buy” and an average price target of $43.00.

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.