Loomis Sayles & Co. L P Sells 12,907 Shares of Gentherm Incorporated (NASDAQ:THRM)

Loomis Sayles & Co. L P lessened its holdings in Gentherm Incorporated (NASDAQ:THRM - Free Report) by 2.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 also recently modified their holdings of THRM. Gladius Capital Management LP acquired a new stake in Gentherm in the third quarter valued at about $44,000. Headlands Technologies LLC boosted its stake in shares of Gentherm by 134.0% in the 2nd quarter. Headlands Technologies LLC now owns 1,224 shares of the auto parts company's stock valued at $60,000 after purchasing an additional 701 shares in the last quarter. Palouse Capital Management Inc. acquired a new stake in shares of Gentherm in the 2nd quarter valued at approximately $92,000. MeadowBrook Investment Advisors LLC grew its holdings in shares of Gentherm by 8.4% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company's stock valued at $156,000 after purchasing an additional 260 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in Gentherm during the 3rd quarter worth approximately $208,000. Institutional investors own 97.13% of the company's stock.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of analysts have weighed in on the stock. StockNews.com raised shares of Gentherm from a "hold" rating to a "buy" rating in a research note on Friday, August 9th. Robert W. Baird reduced their price objective on Gentherm from $54.00 to $50.00 and set a "neutral" rating on the stock in a research report on Thursday, October 31st. JPMorgan Chase & Co. upgraded Gentherm from an "underweight" rating to a "neutral" rating and set a $56.00 target price for the company in a research report on Monday, October 21st. Finally, Craig Hallum reduced their price target on Gentherm from $85.00 to $65.00 and set a "buy" rating on the stock in a report 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, the stock has a consensus rating of "Hold" and a consensus price target of $57.00.

Gentherm Trading Up 0.1 %

NASDAQ:THRM traded up $0.05 during trading hours on Wednesday, hitting $42.11. 190,027 shares of the company were exchanged, compared to its average volume of 187,022. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 19.65 and a beta of 1.44. Gentherm Incorporated has a one year low of $39.86 and a one year high of $62.93. The company has a fifty day simple moving average of $43.55 and a 200 day simple moving average of $47.97. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34.

Gentherm (NASDAQ:THRM - Get Free Report) last issued 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 during the quarter, compared to the consensus estimate of $372.89 million. During the same period last year, the company earned $0.64 earnings per share. The firm's revenue was up 1.4% compared to the same quarter last year. Sell-side analysts expect that Gentherm Incorporated will post 2.71 EPS for the current fiscal year.

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.