Bastion Asset Management Inc. Makes New $5.03 Million Investment in Gentherm Inc $THRM

Bastion Asset Management Inc. bought a new stake in shares of Gentherm Inc (NASDAQ:THRM) during the 2nd quarter, Holdings Channel reports. The firm bought 181,519 shares of the auto parts company’s stock, valued at approximately $5,032,000. Gentherm comprises 2.4% of Bastion Asset Management Inc.’s investment portfolio, making the stock its 16th biggest holding.

A number of other institutional investors have also recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its holdings in shares of Gentherm by 7.4% during the second quarter. Bank of New York Mellon Corp now owns 224,149 shares of the auto parts company’s stock valued at $6,341,000 after purchasing an additional 15,451 shares during the last quarter. Bank of Montreal Can bought a new stake in Gentherm in the 2nd quarter worth approximately $242,000. Hantz Financial Services Inc. grew its position in Gentherm by 16,716.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,009 shares of the auto parts company’s stock worth $29,000 after purchasing an additional 1,003 shares during the period. Y Intercept Hong Kong Ltd lifted its holdings in shares of Gentherm by 55.8% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 53,483 shares of the auto parts company’s stock valued at $1,513,000 after buying an additional 19,166 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Gentherm by 295.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,364 shares of the auto parts company’s stock worth $39,000 after buying an additional 1,019 shares during the last quarter. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Gentherm Stock Down 2.9%

NASDAQ THRM opened at $35.97 on Friday. Gentherm Inc has a 52 week low of $22.75 and a 52 week high of $45.86. 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 company has a market capitalization of $1.10 billion, a P/E ratio of 35.97 and a beta of 1.45. The stock’s 50-day moving average price is $35.51 and its 200-day moving average price is $31.74.

Gentherm (NASDAQ:THRM) last released its earnings results 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 company had revenue of $386.87 million during the quarter, compared to analyst estimates of $374.75 million. During the same period in the prior year, the firm posted $0.75 EPS. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. Gentherm has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Gentherm Inc will post 3.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Weiss Ratings upgraded Gentherm from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Saturday, October 25th. Baird R W upgraded Gentherm from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 11th. Roth Capital reaffirmed a “buy” rating and set a $44.00 price target on shares of Gentherm in a research report on Friday, October 24th. JPMorgan Chase & Co. raised their price objective on shares of Gentherm from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, October 20th. Finally, Robert W. Baird set a $42.00 target price 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 given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Gentherm currently has an average rating of “Moderate Buy” and a consensus target price of $43.00.

Insider Activity at Gentherm

In related news, SVP Barbara J. Runyon sold 3,348 shares of Gentherm stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $34.82, for a total transaction of $116,577.36. Following the transaction, the senior vice president owned 31,316 shares in the company, valued at approximately $1,090,423.12. The trade was a 9.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by insiders.

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.