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

Loomis Sayles & Co. L P lessened its holdings in shares of Gentherm Incorporated (NASDAQ:THRM) by 2.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 560,593 shares of the auto parts company’s stock after selling 12,907 shares during the quarter. Loomis Sayles & Co. L P owned 1.81% of Gentherm worth $26,096,000 as of its most recent SEC filing.

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

Gentherm Price Performance

NASDAQ:THRM opened at $42.06 on Wednesday. The stock’s 50-day simple moving average is $43.55 and its 200 day simple moving average is $47.97. Gentherm Incorporated has a 52-week low of $39.86 and a 52-week high of $62.93. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.38 and a current ratio of 2.02. The company has a market cap of $1.30 billion, a P/E ratio of 19.65 and a beta of 1.44.

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

Insiders Place Their Bets

In other Gentherm news, CEO Phillip Eyler sold 4,402 shares of the business’s 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 owns 147,317 shares of the company’s stock, valued at $7,395,313.40. The trade was a 2.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.91% of the company’s stock.

Analyst Upgrades and Downgrades

THRM has been the subject of a number of research analyst reports. Craig Hallum reduced their target price 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. JPMorgan Chase & Co. upgraded Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price objective for the company in a report on Monday, October 21st. Robert W. Baird cut their target price on Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Finally, StockNews.com raised shares of Gentherm from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $57.00.

Gentherm Company 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.