Gentherm Incorporated (NASDAQ:THRM) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its stake in Gentherm Incorporated (NASDAQ:THRM) by 65.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,657 shares of the auto parts company’s stock after selling 14,466 shares during the quarter. BNP Paribas Financial Markets’ holdings in Gentherm were worth $306,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of THRM. Signaturefd LLC boosted its holdings in Gentherm by 233.8% in the 4th quarter. Signaturefd LLC now owns 661 shares of the auto parts company’s stock worth $26,000 after buying an additional 463 shares during the last quarter. Quarry LP boosted its stake in shares of Gentherm by 226.8% in the fourth quarter. Quarry LP now owns 1,755 shares of the auto parts company’s stock worth $70,000 after acquiring an additional 1,218 shares during the last quarter. KBC Group NV boosted its stake in shares of Gentherm by 82.2% in the fourth quarter. KBC Group NV now owns 1,822 shares of the auto parts company’s stock worth $73,000 after acquiring an additional 822 shares during the last quarter. Headlands Technologies LLC boosted its stake in shares of Gentherm by 117.1% in the fourth quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company’s stock worth $73,000 after acquiring an additional 991 shares during the last quarter. Finally, Palouse Capital Management Inc. boosted its stake in shares of Gentherm by 91.6% in the fourth quarter. Palouse Capital Management Inc. now owns 3,585 shares of the auto parts company’s stock worth $143,000 after acquiring an additional 1,714 shares during the last quarter. Institutional investors and hedge funds own 97.13% of the company’s stock.

Insider Buying and Selling at Gentherm

In other Gentherm news, CEO William T. Presley acquired 3,000 shares of the firm’s stock in a transaction that occurred on Friday, April 25th. The shares were purchased at an average cost of $24.67 per share, for a total transaction of $74,010.00. Following the completion of the acquisition, the chief executive officer now owns 161,103 shares of the company’s stock, valued at approximately $3,974,411.01. The trade was a 1.90% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on THRM shares. Wall Street Zen cut shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 26th. Robert W. Baird boosted their price target on shares of Gentherm from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Friday, April 25th.

Gentherm Trading Up 4.0%

Shares of Gentherm stock opened at $27.93 on Wednesday. The stock’s 50 day simple moving average is $26.32 and its 200-day simple moving average is $34.04. The stock has a market cap of $861.92 million, a P/E ratio of 13.49 and a beta of 1.44. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.38. Gentherm Incorporated has a 1-year low of $22.75 and a 1-year high of $56.68.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. The firm had revenue of $353.85 million for the quarter, compared to analysts’ expectations of $347.39 million. Gentherm had a net margin of 4.46% and a return on equity of 11.43%. The company’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS. Analysts predict that Gentherm Incorporated will post 3.1 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.