Thrivent Financial for Lutherans Sells 1,663 Shares of Gentherm Incorporated (NASDAQ:THRM)

Thrivent Financial for Lutherans lowered its position in Gentherm Incorporated (NASDAQ:THRM) by 6.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,607 shares of the auto parts company’s stock after selling 1,663 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.08% of Gentherm worth $1,145,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC grew its position in shares of Gentherm by 1,317.7% during the 2nd quarter. SG Americas Securities LLC now owns 25,590 shares of the auto parts company’s stock worth $1,262,000 after buying an additional 23,785 shares in the last quarter. Raymond James & Associates grew its holdings in Gentherm by 18.9% during the 3rd quarter. Raymond James & Associates now owns 128,468 shares of the auto parts company’s stock worth $5,980,000 after acquiring an additional 20,401 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in Gentherm by 1.1% during 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 purchasing an additional 10,402 shares during the period. ClariVest Asset Management LLC bought a new stake in shares of Gentherm in the 2nd quarter valued at about $1,227,000. Finally, American Century Companies Inc. lifted its position in shares of 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 during the period. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

Gentherm Stock Performance

Shares of THRM opened at $42.10 on Monday. 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 firm has a market cap of $1.30 billion, a PE ratio of 19.67 and a beta of 1.44. Gentherm Incorporated has a 12 month low of $39.86 and a 12 month high of $62.93. The stock has a fifty day moving average price of $43.10 and a 200-day moving average price of $47.78.

Gentherm (NASDAQ:THRM) last released its quarterly earnings results 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 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 analysts’ expectations of $372.89 million. During the same period last year, the business posted $0.64 earnings per share. The firm’s revenue was up 1.4% compared to the same quarter last year. Equities research analysts predict that Gentherm Incorporated will post 2.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Gentherm news, CEO Phillip Eyler sold 4,402 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 147,317 shares of the company’s stock, valued at approximately $7,395,313.40. This trade represents a 2.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.91% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on THRM. StockNews.com raised shares of Gentherm from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. JPMorgan Chase & Co. raised Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price target for the company in a research report on Monday, October 21st. Robert W. Baird dropped 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. Finally, 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 report on Thursday, October 31st. Three investment 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, Gentherm currently has an average rating of “Hold” and an average target price of $57.00.

About Gentherm

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.