Thrivent Financial for Lutherans Reduces Stake in Gentherm Incorporated (NASDAQ:THRM)

Thrivent Financial for Lutherans cut its holdings in shares of Gentherm Incorporated (NASDAQ:THRM) by 6.3% in the third quarter, HoldingsChannel.com reports. 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’ holdings in Gentherm were worth $1,145,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC increased its stake in shares of Gentherm by 1,317.7% in the second quarter. SG Americas Securities LLC now owns 25,590 shares of the auto parts company’s stock worth $1,262,000 after acquiring an additional 23,785 shares during the period. Raymond James & Associates lifted its position in Gentherm by 18.9% during the third quarter. Raymond James & Associates now owns 128,468 shares of the auto parts company’s stock valued at $5,980,000 after purchasing an additional 20,401 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Gentherm by 1.1% in the second 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 last quarter. ClariVest Asset Management LLC acquired a new stake in Gentherm during the 2nd quarter worth about $1,227,000. Finally, American Century Companies Inc. raised its stake in shares of Gentherm by 119.4% during the 2nd quarter. American Century Companies Inc. now owns 259,185 shares of the auto parts company’s stock valued at $12,783,000 after buying an additional 141,047 shares during the last quarter. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Phillip Eyler sold 4,402 shares of the firm’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 transaction, the chief executive officer now directly 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.91% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently commented on THRM shares. JPMorgan Chase & Co. upgraded 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. Craig Hallum decreased their price target on Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, October 31st. StockNews.com raised shares of Gentherm from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Finally, Robert W. Baird decreased their target price on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Gentherm currently has an average rating of “Hold” and an average price target of $57.00.

Gentherm Price Performance

NASDAQ:THRM opened at $42.10 on Monday. The stock has a market capitalization of $1.30 billion, a PE ratio of 19.67 and a beta of 1.44. Gentherm Incorporated has a 52 week low of $39.86 and a 52 week 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’s 50-day moving average price is $43.10 and its 200-day moving average price is $47.78.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings data 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 business had revenue of $371.50 million during the quarter, compared to analysts’ expectations of $372.89 million. During the same period in the previous year, the business earned $0.64 earnings per share. The business’s revenue was up 1.4% compared to the same quarter last year. As a group, equities analysts expect that Gentherm Incorporated will post 2.71 EPS for the current fiscal year.

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.