Wealthedge Investment Advisors LLC Invests $512,000 in Gentherm Inc $THRM

Wealthedge Investment Advisors LLC acquired a new stake in Gentherm Inc (NASDAQ:THRM) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 18,083 shares of the auto parts company’s stock, valued at approximately $512,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Gentherm by 12.5% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 128,961 shares of the auto parts company’s stock valued at $3,648,000 after purchasing an additional 14,286 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Gentherm by 21.7% in the first quarter. Russell Investments Group Ltd. now owns 84,243 shares of the auto parts company’s stock valued at $2,253,000 after purchasing an additional 14,998 shares during the period. Trexquant Investment LP purchased a new stake in shares of Gentherm during the 1st quarter valued at approximately $1,065,000. Assenagon Asset Management S.A. boosted its holdings in Gentherm by 184.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 33,734 shares of the auto parts company’s stock worth $954,000 after buying an additional 21,873 shares during the period. Finally, Segall Bryant & Hamill LLC grew its stake in Gentherm by 32.3% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 679,879 shares of the auto parts company’s stock valued at $19,234,000 after buying an additional 166,057 shares in the last quarter. 97.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Gentherm in a research report on Tuesday, November 25th. Roth Capital reiterated a “buy” rating and set a $44.00 price objective on shares of Gentherm in a research note on Friday, October 24th. Zacks Research downgraded Gentherm from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 20th. JPMorgan Chase & Co. upped their price target on Gentherm from $38.00 to $43.00 and gave the company 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 investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Gentherm currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.00.

Gentherm Trading Up 0.1%

Shares of THRM opened at $35.71 on Monday. Gentherm Inc has a 1-year low of $22.75 and a 1-year high of $43.99. 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 current ratio of 1.96 and a quick ratio of 1.33. The firm’s 50 day simple moving average is $35.41 and its 200 day simple moving average is $32.90.

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

Gentherm 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.