Gentherm Price Target Reaches New Heights
Gentherm (NasdaqGS:THRM) has seen a significant uptick in its average one-year price target, surging to 68.60 per share. This marks a notable 6.07% increase from the previous estimate dated January 16, 2024, which stood at 64.67.
The revised price target is a culmination of numerous analyst forecasts. The latest targets span from a low of 65.65 to a high of 73.50 per share. The average price target signifies a substantial 23.20% surge from the recently reported closing price of 55.68 per share.
The Financial Landscape: Fund Sentiment and Shareholder Actions
The fund sentiment surrounding Gentherm is robust, with 513 funds or institutions disclosing their positions in the company. This indicates an increment of 4 owners or 0.79% in the last quarter. On average, all funds dedicated to THRM account for a portfolio weight of 0.18%, reflecting a decline of 5.24%. Institutional shares in possession descended by 0.13% over the last three months, totaling 38,216K shares.
The put/call ratio for THRM stands at 0.36, signaling a bullish outlook on the stock.
Insight into Shareholder Moves
IJR – iShares Core S&P Small-Cap ETF owns 2,228K shares, representing 6.79% ownership of Gentherm. In its previous filing, the firm declared owning 2,325K shares, signaling a 4.37% decrease. The firm curtailed its portfolio allocation in THRM by 4.56% in the last quarter.
Trigran Investments holds 1,888K shares, equivalent to 5.76% ownership in Gentherm. Previously, the firm possessed 1,705K shares, marking a 9.70% increase. However, over the last quarter, Trigran Investments reduced its portfolio allocation in THRM by 3.45%.
Van Berkom & Associates possess 1,446K shares, amounting to 4.41% ownership in Gentherm. In its prior filing, the firm held 1,174K shares, registering an 18.83% increase. The firm expanded its portfolio allocation in THRM by 6.32% over the last quarter.
Disciplined Growth Investors own 1,085K shares, representing 3.31% ownership in Gentherm. In its last filing, the firm owned 1,092K shares, demonstrating a 0.64% decrease. Over the last quarter, Disciplined Growth Investors downsized their portfolio allocation in THRM by 12.02%.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares have 1,044K shares, amounting to 3.18% ownership of Gentherm. In its last filing, the firm held 1,043K shares, showcasing a marginal 0.08% increase. Nonetheless, the firm trimmed its portfolio allocation in THRM by 0.26% over the last quarter.
Laying the Foundation: Gentherm Background Information
Gentherm is a worldwide leader in developing and marketing cutting-edge thermal management technologies for a diverse array of heating, cooling, and temperature control applications. From variable temperature Climate Control Seats to advanced automotive interior systems and battery performance solutions, their innovations span across various industries. With a strong presence in automotive and medical products, Gentherm is continually evolving and expanding its technological horizons to improve existing products while pioneering new market opportunities. Boasting a workforce of over 11,000 employees across multiple international locations, Gentherm’s footprint extends across the globe into key markets.
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This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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