Loomis Sayles & Co. L P Has $26.10 Million Stake in Gentherm Incorporated (NASDAQ:THRM)

Loomis Sayles & Co. L P lowered its stake in Gentherm Incorporated (NASDAQ:THRM) by 2.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 560,593 shares of the auto parts company’s stock after selling 12,907 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Gentherm were worth $26,096,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in THRM. SG Americas Securities LLC lifted its stake in Gentherm by 1,317.7% in the 2nd quarter. SG Americas Securities LLC now owns 25,590 shares of the auto parts company’s stock valued at $1,262,000 after purchasing an additional 23,785 shares during the last quarter. Global Alpha Capital Management Ltd. increased its holdings in shares of Gentherm by 22.6% during the third quarter. Global Alpha Capital Management Ltd. now owns 632,673 shares of the auto parts company’s stock worth $29,451,000 after buying an additional 116,500 shares in the last quarter. Raymond James & Associates lifted its stake in shares of Gentherm by 18.9% in the 3rd quarter. Raymond James & Associates now owns 128,468 shares of the auto parts company’s stock valued at $5,980,000 after acquiring an additional 20,401 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Gentherm by 1.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 951,798 shares of the auto parts company’s stock valued at $46,943,000 after acquiring an additional 10,402 shares during the last quarter. Finally, ClariVest Asset Management LLC acquired a new stake in shares of Gentherm during the 2nd quarter valued at $1,227,000. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on THRM shares. StockNews.com upgraded Gentherm from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Robert W. Baird dropped their price objective on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. JPMorgan Chase & Co. raised shares of Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 target price on the stock in a report on Monday, October 21st. Finally, Craig Hallum dropped their price target on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Gentherm currently has a consensus rating of “Hold” and a consensus target price of $57.00.

Insiders Place Their Bets

In other Gentherm news, CEO Phillip Eyler sold 4,402 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $50.20, for a total transaction of $220,980.40. Following the transaction, the chief executive officer now directly owns 147,317 shares in the company, valued at approximately $7,395,313.40. This represents a 2.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.91% of the company’s stock.

Gentherm Price Performance

Gentherm stock opened at $42.06 on Wednesday. The firm has a market cap of $1.30 billion, a P/E ratio of 19.65 and a beta of 1.44. The stock’s 50 day moving average is $43.55 and its 200 day moving average is $47.97. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.02 and a quick ratio of 1.38. Gentherm Incorporated has a one year low of $39.86 and a one year high of $62.93.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. Gentherm had a net margin of 4.61% and a return on equity of 14.36%. The company had revenue of $371.50 million for the quarter, compared to analyst estimates of $372.89 million. During the same period in the prior year, the firm posted $0.64 EPS. The company’s quarterly revenue was up 1.4% on a year-over-year basis. As a group, research analysts expect that Gentherm Incorporated will post 2.71 EPS for the current 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.