Gentherm Inc $THRM Holdings Decreased by SG Americas Securities LLC

SG Americas Securities LLC reduced its holdings in Gentherm Inc (NASDAQ:THRM) by 41.5% in the 2nd quarter, Holdings Channel reports. The fund owned 10,112 shares of the auto parts company’s stock after selling 7,179 shares during the period. SG Americas Securities LLC’s holdings in Gentherm were worth $286,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. LPL Financial LLC lifted its position 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 worth $1,401,000 after purchasing an additional 3,293 shares in the last quarter. Natixis Advisors LLC lifted its position in Gentherm by 7.3% in the 1st 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 in the last quarter. US Bancorp DE boosted its stake in shares of Gentherm by 20.2% during the 1st 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. raised its holdings in shares of Gentherm by 20.0% during the first 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position 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 valued at $14,164,000 after purchasing an additional 43,143 shares during the last quarter. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Gentherm Trading Up 0.1%

Shares of THRM stock opened at $35.71 on Friday. Gentherm Inc has a 12 month low of $22.75 and a 12 month high of $43.99. The company has a market cap of $1.09 billion, a PE 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. The business’s 50 day moving average is $35.41 and its two-hundred day moving average is $32.86.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on THRM shares. Roth Capital reaffirmed a “buy” rating and set a $44.00 price target on shares of Gentherm in a research note on Friday, October 24th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gentherm in a research report on Tuesday. Robert W. Baird set a $42.00 target price on shares of Gentherm in a research note on Friday, October 24th. Zacks Research lowered shares of Gentherm from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 20th. Finally, Wall Street Zen upgraded shares of Gentherm from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 25th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Gentherm presently has an average rating of “Moderate Buy” and a consensus target price 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.