Natixis Advisors LLC Purchases 1,729 Shares of Gentherm Incorporated (NASDAQ:THRM)

Natixis Advisors LLC increased its position in Gentherm Incorporated (NASDAQ:THRM) by 12.2% during the third quarter, HoldingsChannel.com reports. The firm owned 15,938 shares of the auto parts company’s stock after acquiring an additional 1,729 shares during the quarter. Natixis Advisors LLC’s holdings in Gentherm were worth $742,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of THRM. American Century Companies Inc. boosted its stake in Gentherm by 119.4% in the 2nd quarter. American Century Companies Inc. now owns 259,185 shares of the auto parts company’s stock worth $12,783,000 after purchasing an additional 141,047 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in Gentherm by 265.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 94,247 shares of the auto parts company’s stock valued at $4,648,000 after acquiring an additional 68,477 shares during the period. Assenagon Asset Management S.A. bought a new position in Gentherm during the 3rd quarter valued at about $2,658,000. Pembroke Management LTD lifted its stake in Gentherm by 16.6% during the 2nd quarter. Pembroke Management LTD now owns 319,230 shares of the auto parts company’s stock valued at $15,744,000 after acquiring an additional 45,403 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Gentherm by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,146,375 shares of the auto parts company’s stock valued at $56,539,000 after acquiring an additional 37,365 shares during the period. Institutional investors own 97.13% of the company’s stock.

Analyst Ratings Changes

THRM has been the topic of several research analyst reports. Craig Hallum lowered their target price on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Robert W. Baird lowered their target price on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. JPMorgan Chase & Co. upgraded shares of Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 target price on the stock in a research note on Monday, October 21st. Finally, StockNews.com upgraded 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 given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $57.00.

Insider Buying and Selling

In related news, CEO Phillip Eyler sold 4,402 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $50.20, for a total value of $220,980.40. Following the completion of the sale, the chief executive officer now directly owns 147,317 shares of the company’s stock, valued at approximately $7,395,313.40. This represents a 2.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.91% of the stock is currently owned by insiders.

Gentherm Price Performance

Shares of NASDAQ:THRM opened at $42.11 on Thursday. The firm’s 50 day moving average price is $43.41 and its 200-day moving average price is $47.93. Gentherm Incorporated has a twelve month low of $39.86 and a twelve month high of $62.93. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $1.30 billion, a PE ratio of 19.68 and a beta of 1.44.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.09. The firm had revenue of $371.50 million for the quarter, compared to analysts’ expectations of $372.89 million. Gentherm had a net margin of 4.61% and a return on equity of 14.36%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.64 EPS. Equities 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.