Natixis Advisors LLC Raises Stock Holdings in Gentherm Incorporated (NASDAQ:THRM)

Natixis Advisors LLC increased its position in Gentherm Incorporated (NASDAQ:THRM) by 12.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,938 shares of the auto parts company’s stock after buying an additional 1,729 shares during the quarter. Natixis Advisors LLC owned 0.05% of Gentherm worth $742,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in THRM. Headlands Technologies LLC increased its stake in shares of Gentherm by 134.0% in the second quarter. Headlands Technologies LLC now owns 1,224 shares of the auto parts company’s stock worth $60,000 after buying an additional 701 shares during the period. Palouse Capital Management Inc. purchased a new position in shares of Gentherm in the second quarter worth $92,000. MeadowBrook Investment Advisors LLC increased its stake in shares of Gentherm by 8.4% in the third quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company’s stock worth $156,000 after buying an additional 260 shares during the period. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Gentherm in the third quarter worth $208,000. Finally, MQS Management LLC purchased a new position in shares of Gentherm in the third quarter worth $240,000. 97.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on THRM. Craig Hallum decreased 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 reduced their price objective on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. StockNews.com raised shares of Gentherm from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. raised shares of Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price objective on the stock in a research report on Monday, October 21st. Three research 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 an average rating of “Hold” and an average price target of $57.00.

Gentherm Stock Up 0.1 %

Shares of Gentherm stock opened at $42.11 on Thursday. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34. The company’s fifty day simple moving average is $43.41 and its two-hundred day simple moving average is $47.93. The company has a market cap of $1.30 billion, a P/E ratio of 19.68 and a beta of 1.44. Gentherm Incorporated has a 12-month low of $39.86 and a 12-month high of $62.93.

Gentherm (NASDAQ:THRM) last released its earnings results on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The firm had revenue of $371.50 million for the quarter, compared to the consensus estimate of $372.89 million. Gentherm had a net margin of 4.61% and a return on equity of 14.36%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 EPS. Research analysts anticipate that Gentherm Incorporated will post 2.71 EPS for the current year.

Insider Transactions at Gentherm

In other news, CEO Phillip Eyler sold 4,402 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $50.20, for a total value of $220,980.40. Following the sale, the chief executive officer now directly owns 147,317 shares of the company’s stock, valued at $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 available through the SEC website. Insiders own 1.91% of the company’s stock.

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.