Truist Financial Corp Has $441,000 Position in Gentherm Inc $THRM

Truist Financial Corp reduced its stake in shares of Gentherm Inc (NASDAQ:THRM) by 77.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,131 shares of the auto parts company’s stock after selling 42,651 shares during the quarter. Truist Financial Corp’s holdings in Gentherm were worth $441,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in THRM. Nisa Investment Advisors LLC lifted its stake in Gentherm by 20.3% in the third quarter. Nisa Investment Advisors LLC now owns 1,641 shares of the auto parts company’s stock valued at $56,000 after acquiring an additional 277 shares during the last quarter. Amalgamated Bank lifted its stake in Gentherm by 3.4% in the third quarter. Amalgamated Bank now owns 9,165 shares of the auto parts company’s stock valued at $312,000 after acquiring an additional 304 shares during the last quarter. Caxton Associates LLP lifted its stake in Gentherm by 4.7% in the third quarter. Caxton Associates LLP now owns 8,294 shares of the auto parts company’s stock valued at $282,000 after acquiring an additional 372 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Gentherm by 160.3% in the fourth quarter. Farther Finance Advisors LLC now owns 812 shares of the auto parts company’s stock valued at $30,000 after acquiring an additional 500 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its stake in Gentherm by 1.3% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 41,018 shares of the auto parts company’s stock valued at $1,492,000 after acquiring an additional 509 shares during the last quarter. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on THRM shares. Argus upgraded shares of Gentherm to a “hold” rating in a research note on Friday, February 27th. Loop Capital set a $38.00 target price on shares of Gentherm in a research note on Wednesday, February 25th. Robert W. Baird lifted their target price on shares of Gentherm from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Weiss Ratings upgraded shares of Gentherm from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 8th. Finally, Stifel Nicolaus lifted their target price on shares of Gentherm from $37.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $37.40.

Gentherm Trading Down 1.3%

Shares of THRM stock opened at $29.96 on Wednesday. Gentherm Inc has a 1 year low of $25.76 and a 1 year high of $39.48. The firm’s fifty day simple moving average is $29.14 and its 200 day simple moving average is $33.19. The firm has a market capitalization of $918.87 million, a P/E ratio of 39.95 and a beta of 1.35. The company has a current ratio of 1.97, a quick ratio of 1.36 and a debt-to-equity ratio of 0.31.

Gentherm (NASDAQ:THRM) last announced its earnings results on Thursday, April 23rd. The auto parts company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.31. Gentherm had a net margin of 1.47% and a return on equity of 11.25%. The business had revenue of $393.71 million for the quarter, compared to analyst estimates of $363.82 million. During the same quarter in the previous year, the firm posted $0.51 earnings per share. Gentherm’s revenue was up 11.2% compared to the same quarter last year. As a group, sell-side analysts predict that Gentherm Inc will post 2.74 EPS for the current year.

Gentherm Company Profile

Gentherm Incorporated (NASDAQ: THRM) is a global developer and supplier of advanced thermal management technologies for automotive, specialty vehicle, medical, consumer and industrial markets. The company’s core focus lies in delivering integrated heating and cooling systems designed to enhance energy efficiency, comfort and safety across a wide range of applications. Gentherm’s product portfolio includes seat thermal systems, heated and ventilated seating surfaces, steering wheel heaters, battery thermal management solutions, and climate systems for electric vehicles.

In the automotive sector, Gentherm partners with leading original equipment manufacturers to engineer and manufacture high-performance thermal solutions that meet stringent industry demands for reduced weight, lower energy consumption and improved passenger comfort.